Ghana’s efforts to attract new infrastructure funding are gaining momentum at the ongoing IMF–World Bank Spring Meetings, as the government shifts focus from economic stabilisation to executing key development projects amid renewed confidence from international partners.
Cassiel Ato Forson revealed after a high-level engagement with Japan International Cooperation Agency and its Senior Vice President, Ando Naoki, that steps are underway to secure additional financing for the long-awaited Volivo Bridge project.
He noted that JICA has shown strong confidence in Ghana’s economic recovery, with plans to finalise funding arrangements to allow contractors to begin work before the end of the year—removing a major hurdle for the vital Volta crossing.
This renewed support reflects a broader return of concessional financing, driven by Ghana’s ongoing fiscal reforms and efforts to rebuild trust with development partners.
In addition, discussions highlighted progress on the Inner Ring Road project in Kumasi, where procurement processes are currently ongoing. The project is expected to reduce traffic congestion and enhance connectivity to the N8 corridor.
Planned works include the expansion of a 3.2-kilometre stretch between Santasi and Ahodwo roundabouts, upgraded intersections with modern traffic systems, as well as improved pedestrian walkways and drainage infrastructure.
Overall, the developments signal a transition in Ghana’s economic agenda—from recovery to implementation—where improved policy credibility is beginning to translate into tangible infrastructure investments and long-term growth prospects.
Source: citinews
