The UK government is to provide £130m of support for British firms that will be carrying out three infrastructure projects in Ghana.
International trade secretary Dr Liam Fox said that UK Export Finance (UKEF) is providing the support for projects that have a direct impact on the country’s infrastructure and economic development, while delivering opportunities for British companies.
Fox said: “Ghana is an increasingly dynamic economy and I am delighted that UKEF is supporting the development of the vital infrastructure that will underpin this growth. These projects will have a dramatic impact on trade, healthcare and transport in the country and demonstrate how British expertise across a number of sectors is improving vital infrastructure all over the world.”
The largest tranche of the support - £70.3m - will go towards a contract for
UKEF will provide a direct loan and bank guarantee to Ghana’s Ministry of Finance to fund the contract, which will include improvements to electrical networks, water supplies, generators, fire detection systems and public transport.
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A guarantee for a £43.8m loan will also be provided by UKEF to the Ministry of Finance to support the contract with QG Construction UK for the modernisation of Tamale Airport in the northern region of Ghana. The project will include the construction of a modern new international terminal building, access roads and ancillary facilities exclusive for civil aviation in the existing airport space.
The expansion is designed to promote economic growth, to increase tourism and to boost socio-economic development by improving connections to the north of Ghana. It will also benefit Hajj pilgrims with the new facility serving as a terminal building during the Hajj Season.
Bekwai hospital will be provided with a guarantee for a £17.6m loan from UKEF to support a contract between Ellipse UK and the Eurofinsa group. The companies will manage every aspect of the hospital’s completion including the supply and installation of medical equipment. Once completed, the hospital will have 120 beds, an emergency department, a maternity ward and an operating theatre.