Parliament Approves USD 48.85 Million Sanitation Loan
| Updated Aug 03, 2017 at 2:01am
Parliament has approved a Forty-Eight-Point-85 Million US Dollar agreement between the Government of Ghana and the African Development Fund to finance the Greater Accra Sustainable Sanitation and Livelihood Improvement project.
The project is to improve the socio-economic well-being and health standards of residents living within the Greater Accra Metropolitan area. It is also to increase access to improve sustainable and climate change resilient sanitation and hygiene with improved livelihood for the urban poor and strengthen public and private sector capacity to better deliver and manage sanitation infrastructure.
The Forty-Eight-Point-85 Million Dollar loan is at an annual Interest rate of one percent, service charge of zero-point-75 percent per annum and a commitment Charge of zero-point-five percent. The facility has a five year grace period and a repayment period of 25 years.
Presenting the report of the Committee for endorsement, the Chairman of the Finance Committee Dr. Mark Assibey Yeboah said the project will also involve waste-to-energy technology that converts liquid waste to energy, and biogas for domestic use. The project will be implemented in a five year period. The Greater Accra Sustainable Sanitation and Livelihood Improvement project is expected to include the provision of improved solid waste collection systems in low income neighborhoods, construction of low carbon sewage treatment facility, construction of transfer station and additional landfill cells for improved solid waste collection and demand creation for household sanitation facilities through social marketing and behavioral change campaigns targeting women and the youth.
Story: Dominic Hlordzie/Augustus Acquaye