Business News of Saturday, 7 April 2018
Source: gbcghana.com
2018-04-07
Jamestown
Ghana and China have signed an agreement for the construction of the Jamestown fishing port complex.
The 50-million-dollar project is expected to commence this year (2018).
At the signing ceremony in Accra, the Minister of Finance, Ken Ofori-Atta, said the complex when completed will enhance the productivity of the fisherfolk and create about one thousand job opportunities for the youth in the community.
Speaking at the signing ceremony in Accra, the Minister of Finance, Ken Ofori Atta, said the complex when completed will enhance the productivity of the fisherfolk and create about one thousand job opportunities for the youth in the community.
The construction of the Jamestown fishing complex is expected to be carried out in three phases; that is dredging of about 118 thousand cubic meters habour basin and shipping channels, construction of hydraulic structures composed of berths, seawall and a break water and the construction of administration, production and supporting facilities including kindergarten, fish market and a processing area.
According to the Finance Minister, government is committed to ensuring that the necessary structures are put in place to propel economic growth as well as pursue the Ghana beyond aid agenda.
China’s Ambassador to Ghana, Sun Baohong stated that two countries have enjoyed very fruitful bilateral relations for decades; hence this agreement will lead to new chapters of cooperation in trade and development.
The Minister of Fisheries and Aquaculture Development, Elizabeth Afoley Quaye, expressed appreciation to the Chinese government for the support and pledged her ministry’s preparedness to provide assistance where necessary to ensure the successful completion of the project.
A 16 million dollar bilateral agreement was also signed for the implementation of projects including the phase two of the University of Health and Allied Sciences project.