
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
-
Maguire signs one-year contract at Man Utd
2 minutes -
GACL chairman says airport levy to fund projects, completion targeted within 24 months
15 minutes -
Sugar sacks now used to bag cocoa under Mahama government – Annoh-Dompreh raises concerns
20 minutes -
President Mahama will sign LGBTQ Bill when it reaches him — NDC’s Wonder Madilo
21 minutes -
NADMO issues alert on Chlorine gas leak at Baifikrom Water Treatment Plant
24 minutes -
Airport congestion, ageing facilities justify new levy — GACL Chairman
36 minutes -
Runway at risk: GACL Chair warns of potential downgrade and sewage disaster at Accra Int’l Airport
39 minutes -
Annoh-Dompreh leads Minority Caucus tour to spotlight cocoa sector challenges
39 minutes -
Adorye urges government to safeguard fuel supply amid global tensions
53 minutes -
Agalga reveals regional airports are bleeding and survive on Accra International Airport subsidies
55 minutes -
Western North police arrest 4 suspected fake National Security operatives over alleged mining site raid
1 hour -
We cannot build an aviation hub on 2010 rates – Agalga defends new airport levies
1 hour -
Fighters leadership undergoes systems training in Project Management at Cambridge Centre of Excellence
2 hours -
Fires in Ghana: We know the next one is coming
2 hours -
Kasoa Old Market demolition displaces hundreds as Assembly defends action
2 hours