January 21, 2020

Ghana signs deals worth GH¢2.35 billion at ongoing UK-Africa Investment Summit

The government has signed commercial deals with UK firms worth more than GH¢2.35 billion for some five projects including an upgrade of the Kumasi Teaching Hospital in the Ashanti region.

The deals, which were signed on the sidelines of the UK-Africa Investment Summit, according to the UK’s Department for International Development and Department for International Trade, are estimated at £326.8 million which translates to about GH¢2.35 billion using the prevailing BoG exchange rate.

The breakdown of the projects given by the UK’s Department for International Development and Department for International Trade is as follows:

  •  Africa win £26m export contract to supply solar-powered water filtration systems
  • BHM £80.3m work on the Tema-Aflao Road Project
  • Contracta Construction UK wins £120.5m export contract to upgrade Kumasi teaching hospital
  • Contracta Construction UK wins £40m export contract to develop Kumasi Airport
  • Tyllium and Ellipse win an export contract worth £60m to provide 250 new beds for a general hospital in Koforidua

The five deals are part of some 27 commercial deals signed with African entities on the opening day of the UK-Africa Investment Summit taking place in London.

The UK-Africa Investment Summit, hosted by the Prime Minister, brings together 21 African countries with UK and African companies. This is the first time governments and businesses from the UK and Africa have come together for an event of this scale.

“The commercial deals are expected to drive jobs and growth in all parts of the UK and in Africa, benefitting a range of British companies from family firms to major multinationals. All new investments will reflect the Prime Minister’s commitment to building long-term, sustainable relationships in Africa underpinned by our values and high standards,” a press statement issued by the UK High Commission said.

Source: citibusinessnews.com

 

 

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