Myjoyonline News
 Home Page
 General News
 Business
 Politics
 Sports
 Health
 Education
 Articles/Features
 Science & Technology
 Entertainment
 Travel/Tourism
 Africa & International
 Nations Cup 2008
 
 
Ministry of Finance signs MOU with contractors
Previous Page
 
Myjoyonline Ghana News Photos | Finance Minister Kwadwo Baah-Wiredu
Finance Minister Kwadwo Baah-Wiredu
 
 
 
 
 
 
The Ministry of Finance and Economic Planning in collaboration with the Ghana Cocoa Board on Tuesday signed a Memorandum of Understanding (MOU) with 31 contractors for the takeoff of the first phase of the Cocoa Roads Implementation Project (CRIP).

The first phase of the project, which will be implemented in the six cocoa growing regions will cover a total of 205 kilometres of roads at a cost 25.2 million Ghana Cedis.

The project, the first to be implemented in Ghana will have the Department of Feeder Roads as the implementing agency.
Mr Kwadwo Baa-Wiredu, the sector Minister, signing on behalf of government said the exercise followed an announcement President John Agyekum Kufuor made recently at the People's Assembly held in Sekondi in connection with the project.

He said the Project when completed would facilitate cocoa evacuation in the cocoa producing areas as well as the movement of people and food crops.

Mr Baah-Wiredu said government would put in place policies and measures that will enrich the lives of the farmer.

He outlined the achievements of the government in the cocoa industry and said government had ensued remunerative producer prices and payment of bonuses, which had risen six times since 2001, and had engaged in effective disease and pest control exercises which had improved the agronomic practices on cocoa farms.

Mr Baah-Wiredu announced the decision taken by COCOBOD to "increase the bad road factor from 20 per cent to 30 per cent and the return factor from 20 per cent to 25 per cent for haulers of cocoa with the aim of improving internal marketing of cocoa.

He called on investors to explore the market potential of the beneficiary community by opening up these communities to the marketing centres and the major cities of the country through the CRIP and other related projects.

He urged contractors involved in the Project to deliver quality work and on time since the Ministry would be monitoring their work and that poor output would not be compromised.

Mr Issac Osei Chief Director of Ghana Cocoa Board, said the COCOBOD was the major employer in the six cocoa growing areas namely Western, Volta, Central, Eastern, Brong-Ahafo and Ashanti regions.

He said it was the main pillar of the country's GDP and called on the contractors to fulfil their part of the contract by executing quality work.

Mr Bayon Tango Minister of State at the Transportation Ministry, said the advertisement for phase two of the programme covering another 200km of roads was almost complete and would soon be published for bidders.

He said funds for the project was secured and to avoid the delay in payment he urged contractors to execute their contract on time.

Mr J. Twumasi-Mensah, president of Road Contractors, Ghana, on behalf of the group pledged to complete the contract on time.

Source: GNA



       

 
  Popular Stories



Search Our Website
 
 
 
OTHER BUSINESS STORIES
   African farmers face bleak future over land for biodiesel production
   Finance minister applauds NLA
   Wanted: One voice on Economic Partnership Agreement
   Kosmos declares new oil find
   MTN for sale?
   The rising world crude oil price: What options really?
   NIC settles 3000 accident cases in four years
   CJ worried about banks in court
   TTB tops all
   Women’s Mutual Fund offer extended to May 23rd
   Give constructive inputs to shape oil/gas policy: Minister
   EIC to adopt holding company structure
   Best Fish Farmer urges youth to adopt aquaculture
   More traders register under VAT in Volta Region
   Investment in biofuel is irresponsible – UN Adviser