Ghanaian govt gets loan from India’s Exim Bank to work on Yendi water project

The government of Ghana has signed a $30-million concessional loan facility with the Export-Import (Exim) Bank of India for work to begin on the water supply expansion project for the people of Yendi in the Northern Region. The machinery will be provided for the agricultural sector and increase access to potable water in Yendi.

The facility will be used for the construction of a 15,000m3/day (3.3MGD) conventional water treatment plant, a 25-km transmission pipelines, water booster station and reservoirs. The loan is expected to be repaid within 25 years at an interest rate of 1.5 percent and a moratorium of five years, as reported by Graphic Online.

The project is likely to benefit about 133,000 people in the Yendi municipality that involves the rehabilitation and extension of distribution networks, approximately 50 kilometres. The signing ceremony in Ghana’s capital Accra witnessed Minister of Finance, Mr Ken Ofori-Atta including other government officials like Minister of Food and Agriculture Owusu Afriyie Akoto, Deputy Minister of Sanitation and Water Resources Patrick Boamah etc.

The Indian delegation that was led by the Indian High Commissioner, Birender Singh Yadav, alongside a representative of the Indian Exim Bank, Pushpesh Tyagi.

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