Audio By Carbonatix
Ghana’s eligibility for a second helping of US government funds under the Millennium Challenge Account will be reviewed this December.
The country secured 547 million dollars in the first compact some of which is being used to build the N1 Highway that connects the Accra-Tema Motorway to Mallam.
Though the country passed a similar review last year, officials say another review has become necessary as part of the eligibility criteria.
Millennium Challenge Corporation Vice President, Patrick Fine, explained however, that ahead of the board’s approval of a second compact, discussions were already underway with the power sector likely to be the beneficiary.
Mr. Fine, who is in the country to also assess the execution of projects under the first compact, said the impressive progress put Ghana in a very good position to receive funding from the second compact.
Ghana, meanwhile would forfeit all funds from the compact that have not been utilized by the February 15, 2012 deadline for its completion.
The amount of money the country will receive under the second compact is expected to be announced by April next year.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Thirteen suspected illegal miners remanded by Enchi District Magistrate Court
44 minutes -
Court remands man claiming a military plot to kill President Mahama
50 minutes -
‘I am the only one who can unite NPP for 2028 victory’ – Dr Bryan Acheampong
2 hours -
Senyo Hosi clarifies Star Oil CEO’s controversial stance on fuel price floor
3 hours -
Trump threatens Canada with 100% tariffs if it ‘makes a deal with China’
3 hours -
Wizkid, Asake share collab EP dubbed ‘Real’
3 hours -
BoG backs $134m Access Bank-IFC deal to save LBCs from liquidity crisis
4 hours -
John Dumelo vows road safety overhaul after UniMAC student’s death on N1
4 hours -
Semenyo bags first EPL goal for new club as Manchester City brush aside Wolves
4 hours -
Eduwatch petitions Chief of Staff to stop GH¢600m foreign scholarship haemorrhage
5 hours -
Ivory Coast president appoints brother as vice prime minister
5 hours -
NPP, peace pacts, and electoral integrity
6 hours -
Widow, ambassador, and 4 others square off for Ayawaso East NDC primary
7 hours -
Achimota Retail Centre set for explosive grand finale as ‘Joy At The Mall’ climaxes today
7 hours -
Western regional lands officer enstooled Divisional Chief of New Juaben
9 hours
