
Audio By Carbonatix
The government will build more railways and improve on major roads to provide viable options to the Ghanaian travelling public, Vice President John Dramani Mahama has said.
He said under such infrastructural development, government would develop the Accra- Tema- Accra-Nsawam- Kumasi railway lines to bring a relief to passengers who were currently compelled to travel only by road from Accra to Kumasi.
Vice President Mahama said this when a Chinese delegation from the Industrial and Commercial Bank of China (ICBC) called on him at the Castle, Osu.
The Industrial and Commercial Bank of China is the largest bank in the World with a customer base of 270 million individual customers and 4 million corporate customers.
A total of 205 institutions from 29 countries are also working with the Bank on its international networking system.
Vice President Mahama said Ghana had a huge deficit in infrastructure such as roads, bridges, harbours and the energy sector and therefore partnering a giant bank like ICBC would empower the government to address the inadequacies.
He said Ghana’s foreign reserves had moved up to $4 billion and is now capable of taking more credit facilities to undertake development projects and gave the assurance that Ghana would partner them in the not too distant future.
On food production, Vice President Mahama said Ghana was now moving from food sufficiency to a net exporter of food and with a little financial support ”we shall start exporting food in large quantities.”
Mr Jiang Jianqing, chairman of the Bank, said his outfit’s total assets exceeded two trillion United States Dollars by the end of 2010.
He said the ICBC had already provided Angola with a $2.5 million dollars for its development projects and supported Botswana and hoped to partner the government of Ghana in the areas of railways and Agriculture.
He expressed satisfaction at the reduction in Ghana’s inflation and the rapid growth of the Gross Domestic Product adding, “You are moving faster than China and we shall not regret doing business with you.”
Also at the meeting were Alhaji Collins Dauda, Minister of Transport and Dr Alhassan Andani, Managing Director of Stanbic and other collaborators.Source: GNA
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
-
Adwoa Safo petitions Attorney-General to move shooting case to High Court over jurisdiction concerns
31 minutes -
Uganda’s Daily Monitor, NTV forced off air after army chief orders closure
1 hour -
Otumfuo urges pharmacists to uphold standards as Pharmaceutical Society marks 90 years
1 hour -
Ghana’s leading businesses honoured at 3rd Ghana Outstanding Business Achievement Awards
2 hours -
All set for Joe Mettle’s Praise Reloaded 2026 at Accra Sports Stadium
2 hours -
Litina Travel’s Made-in-Ghana World Cup Expo draws hundreds in Boston
4 hours -
A time for everything: A case against mixing spirituality with work performance
4 hours -
Ghana’s crisis-to-recovery journey holds key lessons for Africa – BoG Governor
4 hours -
NCCE crowns the Constitution Week celebration with a competition
5 hours -
Northern Ghana receives life-saving dialysis machines, but urgently needs personnel
5 hours -
Ghana assumes leadership of RMU board, pledges reforms
5 hours -
World Cup 2026: Nine African nations reach knockout stage as Tunisia bows out
5 hours -
China commends Ghana for pursuing energy self-reliance
6 hours -
PSWU urges Fair Wages Commission to expedite payment of agreed allowances
6 hours -
Mahama demands strict quality checks before road payments
6 hours