Harbour Expansion Japan to finance second phase of Sekondi Fishing Harbour project

President Mahama is on state visit to Japan to enhance Ghana’s trade relations with Japan.

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Japan is to finance construction of the second phase of the Sekondi Fishing Harbour project, president John Mahama has announced.

Japan has also restored to Ghana the Yen loan portfolio, he added in a Facebook post.

President Mahama is on a state visit to Japan to enhance Ghana’s trade relations with that country.

President John Mahama (Left) stretching for a handshake with Prime Minister Shinzo Abe of Japan play Secondi Fishing Harbour

 

“I have been in Japan over the last three days, and I am happy to convey on behalf of my countrymen and women, our appreciation to Prime Minister Shinzo Abe and the people of Japan for the restoration of the Yen Loan Portfolio, which was cancelled in the year 2000,” he wrote on Facebook.

“Japan is also financing the construction of the second phase of the Sekondi Fishing Harbour project, and a ¥2.3 billion Advanced Research Centre for Infectious Diseases at the Noguchi Memorial Institute for Medical Research at Legon,” he added.

According to the president, Japan has also agree to finance a second bridge over the Volta River as part of the eastern corridor road network.

“Following our discussions, the Government of Japan has agreed to finance at the cost of ¥11.2 billion, our request for a new bridge over the Volta River, which is part of our eastern corridor road network and will be critical in improving transportation between the Northern part of Ghana and the South.”

Ghanaians will also enjoy scholarship under the ABE Initiative as part of a deal struck between the two countries.

“All these will contribute greatly to the expansion of our country’s infrastructure and human resource to boost further growth. They also mean more new jobs in the near future, and more so, a transformational impact on our economy, with a significant multiplier effect,” president Mahama wrote.

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