Finance Minister Dr. Cassiel Ato Forson has announced a €323 million financing package for the Northern Ghana Water and Sanitation Project, aimed at addressing persistent water shortages in Tamale, Yendi, and Damongo.
The package comprises €98 million in grants and a €225 million highly concessional facility from the European Investment Bank (EIB).
Dr. Forson in a Facebook post, outlined the financing following a meeting with EIB Vice-President Ambroise Fayolle, describing the discussions as productive.
“I have just concluded a productive meeting with European Investment Bank Vice-President Ambroise Fayolle on the financing package for the Northern Ghana Water and Sanitation Project,” he said.
The European Commission will provide a €68 million grant, while Invest International, the Dutch government initiative, will contribute a further €30 million grant.
The EIB’s highly concessional facility accounts for the remaining €225 million.
According to the Finance Minister, the project will address recurring water shortages and improve sanitation across the three communities.
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