Debt Exchange Programme Won't Derail Infrastructure Development - Mahama

Western, Region, Ghana - 06 Feb, 2025 - President John Dram ani Mahama has reiterated his dedication to seeing through key infrastructure projects in Ghana, undeterred by the challenges arising from the country's Debt Exchange Programme (DDEP).

In a speech during his "Thank You Tour" in the Western Region, President Mahama said his administration was determined to advance critical infrastructure development, including the Takoradi Interchange Project, the Agona Dualisation Project, and key road developments in the Nzema enclave.

The President also announced plans to expand railway connections along the western corridor, aimed at enhancing the transportation of bauxite and manganese to the Takoradi port and boosting the region's industrial capacity.

“Ghana has been involved in a Debt Exchange Programme, and the DDEP has affected the projects that were packaged under the Synohydro Programme. We currently have finished negotiations with the official creditors and are soon to start negotiations with commercial creditors.

“I believe that this will pave the way for us to continue the Takoradi Interchange Project. We will also look at the Agona-dualisation project. And also, the Nzema enclave roads.

“We will also look at the railways to expand the connections from the Railways along the western corridors in order that we can haug bauxite and manganese to Takoradi ports,'' he added.

Source: Lead News Online