Ghana’s Finance Minister Dr. Cassiel Ato Forson has announced a €323 million financing package to address persistent water shortages and improve sanitation in Tamale, Yendi and Damongo.
The funding has been secured for the Northern Ghana Water and Sanitation Project and consists of €98 million in grants, alongside a €225 million highly concessional facility from the European Investment Bank (EIB).
Dr. Forson made the announcement after meeting EIB Vice-President Ambroise Fayolle. He described the discussions as productive and confirmed that the financing arrangements had been agreed for the project.
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“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 €68 million of the grant funding. Invest International, a Dutch government initiative, will contribute another €30 million.
The EIB’s €225 million facility makes up the remainder of the package.
The project is intended to tackle recurring water shortages and strengthen sanitation services across the three communities.
