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
-
Dembele wins Fifa Best men’s player of the year
3 hours -
Fernandes ‘hurt’ Man Utd ‘wanted him to go’ to Saudi
3 hours -
Bonmati named FIFA Best women’s player of the year
3 hours -
Lewandowski in Chicago Fire talks over MLS move
4 hours -
Erratic Newcastle give Howe ‘horrible feeling’
4 hours -
Man Utd angry as Morocco rejected Mazraoui request
4 hours -
‘I started smoking at 13, battled addictions for 27 years’ – Tonto Dike
4 hours -
Afrobeats still baby genre – Don Jazzy
4 hours -
‘That conversation must stay in the party’ – Bryan Acheampong dodges $1,500 claim
4 hours -
Greater Accra Regional Minister presents streetlights to MMDAs
5 hours -
How gold saved the cedi in 2025
6 hours -
A celebration of homegrown talent: Lagos meets Accra with cross-border fashion pop-up
6 hours -
Prudential Bank empowers merchant partners with POS training in Accra and Kumasi
6 hours -
There’s a challenge in our party, and we need a bold leader to win power for us – Bryan Acheampong
6 hours -
Asantehene is a national asset – Mahama commends Otumfuo’s role in Bawku peace process
6 hours
