- Cutting the cost of Africa’s energy transition with the right flexibility mix - Kenneth Engblom Vice President, Wartsila Energy, Europe and Africa
- Ghana International Bank announces Ian Greenstreet as its new Chief Executive Officer
- Building Digital Financial Systems and Accelerating Banking Modernization in Emerging Markets
- Trust is infrastructure. And Africa’s fintech reckoning proves it - Salvador Anglada, Optasia Group CEO
- Africa’s cement industry and the push for energy security - Krzysztof Lokaj, Wärtsilä Energy Africa Development Manager
Ghana Seeks Investors for $2.4 Billion Railway and Inland Port
ACCRA (Capital Markets in Africa) – Ghana is looking for private investors to build a $2.4 billion railway line and inland port project that will ease the transportation of goods to and from the West African nation’s northern neighbors.
The railway line from Tema, Ghana’s biggest harbor, to the second-biggest city of Kumasi will cost $1.8 billion, while the stalled Boankra inland port will need $600 million to be revived, Transport Minister Kweku Ofori Asiamah said Wednesday in an interview in the capital, Accra. The venture will be executed with a private partner on a “build, operate and transfer basis,” Asiamah said.
PricewaterhouseCoopers was appointed as transaction advisers, he said.
The 11-month old government of President Nana Akufo-Addo has vowed to accelerate economic growth through the building of infrastructure and the promotion of trade and increased manufacturing in rural areas. Landlocked countries in West Africa such as Burkina Faso and Mali depend on their coastal neighbors for the import and export of goods.