We will use “€71.5m to complete 12 new hospitals in 24 months - Akufo Addo

We will use “€71.5m to complete 12 new hospitals in 24 months - Akufo Addo

- President Akufo-Addo has revealed that his government would construct and equip twelve (12) 40-bed hospitals

- The project would be undertaken with €71.5 million which has been secured

- The project is expected to be completed in 24 months

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President Nana Addo Dankwa Akufo-Addo has revealed that his government would construct and equip twelve (12) 40-bed hospitals, with staff accommodation facilities for hospital workers, across the country.

This project, according to the president, would be done with €71.5 million, which has been secured to undertake the project.

Speaking at a sod-cutting ceremony of the Mim Community Hospital as reported by peacefmonline, President Akufo-Addo explained that the reason why these hospitals were being constructed was to grant accessible health coverage to all Ghanaians.

He added that it would be achieved through the improvement of the existing healthcare facilities and the construction of new ones in places where none exist in the country.

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We will use “€71.5m to complete 12 new hospitals in 24 months - Akufo Addo

We will use “€71.5m to complete 12 new hospitals in 24 months - Akufo Addo source: Faceook
Source: Original

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According to President Akufo-Addo, the amount involved to fund the construction of these hospitals was secured from Erste Group Bank AG and Česká Spořitelna.

The construction of the hospitals would also be done by VAMED Engineering GmbH of Austria, and expected to be completed twenty-four (24) months.

The beneficiary communities include Jumapo, Kwabeng, Nkwatia, Achiase and Adukrom in the Eastern Region; Suame, Drobonso, Sabronum, Manso Nkwanta, Twedie in the Ashanti Region and; Kpone Katamanso in the Greater Accra Region.

READ ALSO: GH¢22.7bn to be borrowed by government within next 3 months – Finance Ministry

In other news, the government of Ghana will borrow an amount of GH¢22.7 billion within the next three months.

According to a JoyNews report, the amount is going to be borrowed at the beginning of this month.

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Per the Bank of Ghana issuance calendar, ¢19 billion out of the borrowed amount will be used to settle the principal and interest of existing loans.

The remaining GH¢3.05 billion, which will be in fresh issuance, will be used to finance government projects.

Out of the total amount to be raised, ¢9.2 billion which is the highest amount, will be issued via a 91-day Treasury bill, the calendar shows.

READ ALSO: Government to increase tax-to-GDP from 13% to 20% to support GHc100bn project

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Source: Yen.com.gh

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