Finance Minister signs $12.8m AfDB grant for Big Push Projects

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Ato Forson signs $12.8m AfDB

Dr Cassiel Ato Forson, the Minister for Finance, has signed a US$12.83 million grant agreement with the African Development Bank (AfDB).

The US$12.83 million grant agreement was signed to finance feasibility studies and design development for major projects under the Mahama government’s Big Push programme.

The Finance Minister signed the agreement with the AfDB’s outgoing Country Manager in Ghana, Eyerusalem Fasika.

Ato Forson, in a post on social media, detailed that the grant will support detailed feasibility studies of a proposed interchange at the 37 Military Hospital.

He further revealed that it will also fund feasibility studies and full designs for the redevelopment of four modern markets namely the Agbogbloshie, Techiman, Sekondi, and Mankessim.

Also, the grant will fund the comprehensive study for Special Agro-Industrial Processing Zones in the Afram Plains, Nsawam, and Builsa.

At the signing the Finance Minister expressed appreciation to the AfDB “on behalf of President John Dramani Mahama and the people of Ghana for the Bank’s continued partnership”.

He also commended Ms Fasika for her meticulous and results-driven leadership, saying,  “Ghana has secured significant financial resources and technical support from the AfDB through her stewardship”.

Eyerusalem Fasika, in her remarks, thanked Ghana for the strong cooperation and support extended to the AfDB and reaffirmed the AfDB’s commitment to Ghana’s development agenda.

“Together, we have given it our best shot,” she said,

In a social media post on X, Dr Cassiel Ato Forson wrote, “Earlier today, I signed a US$12.83 million grant agreement with the African Development Bank to support feasibility studies for key projects under the Big Push programme.

The projects are as follows:

 1. A proposed interchange at the 37 Military Hospital

 2. Market redevelopment at:

 • Agbogbloshie Market

 • Techiman Market

 • Sekondi Market

 • Mankessim Market

 3. Special Agro-Industrial Processing Zones in the Afram Plains, Nsawam, and Builsa

For all these projects, the funding will support detailed feasibility studies, including full designs, costings, and environmental and social impact assessments, to ensure they are ready for construction.

I am grateful to the African Development Bank and its Country Manager, Eyerusalem Fasika, for their strong partnership and continued support.

Our aim is to complete these studies early enough to allow construction to begin soon”.

See the post below: