Ato Forson Secures US$12.8m AfDB Grant for Big Push Projects Feasibility Studies

Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, has signed a US$12.83 million grant agreement with the African Development Bank (AfDB) to fund feasibility studies and design development for key projects under the Government’s Big Push programme.

The agreement was formalized with Eyerusalem Fasika, the outgoing AfDB Country Manager for Ghana, and will support detailed feasibility studies, including full designs, costings, and environmental and social impact assessments.

Among the projects set to benefit from the grant is a proposed interchange at the 37 Military Hospital, aimed at reducing traffic congestion in Accra. The funding will also cover feasibility studies and designs for the redevelopment of four modern markets in Agbogbloshie, Techiman, Sekondi, and Mankessim, as well as studies for Special Agro-Industrial Processing Zones in the Afram Plains, Nsawam, and Builsa.

Dr. Forson thanked the AfDB for its continued partnership, noting that the Bank has provided significant financial resources and technical support to Ghana. He expressed optimism that the feasibility studies would be completed in time to commence construction, potentially by the third quarter of the year.

In her remarks, Ms. Fasika commended Ghana for its cooperation, reaffirming the AfDB’s commitment to supporting the country’s development agenda.