• Latest
Ghana: African Development Bank-financed road interchange opens, trade and incomes expected up

Ghana: African Development Bank-financed road interchange opens, trade and incomes expected up

5 years ago
Ugandan opposition leader Bobi Wine speaks to journalists alongside his wife during a media briefing in Kampala following the disputed 2025 election.

Uganda election rival says soldiers attacked wife

7 hours ago
Téné Birahima Ouattara, defence minister of Cote d'ivoire, attends an official government event in Abidjan

Cote d’ivoire president appoints brother vice PM

7 hours ago
Coal-fired power station in South Africa as Germany commits €720m to support the country’s transition away from coal under the Just Energy Transition Partnership

Germany commits €720m to South Africa coal exit

7 hours ago
Gates Foundation sign displayed outside the organisation’s headquarters during announcement of new AI healthcare initiatives in Africa

Rwanda to pilot AI healthcare in clinics

7 hours ago
Tourists relax on a crowded Caribbean beach as boats sail offshore during peak holiday season

Caribbean tourism reshaped by global travel shifts

8 hours ago
US President Donald Trump gestures while speaking during the signing ceremony of the Board of Peace at the World Economic Forum in Davos, Switzerland.

Trump sidelines Africa in new world order

1 day ago
Lt Gen Muhoozi Kainerugaba, Uganda’s military chief and son of President Yoweri Museveni, pictured during an official engagement

Uganda military says 30 killed after vote

1 day ago
Guinea’s transitional leader waves to supporters during a public appearance following the country’s return to constitutional rule.

AU backs Guinea’s return after coup rule

1 day ago
Panel discussion at Africa Collective Davos 2026 featuring Afreximbank’s Ekene Uzor speaking on digital trade infrastructure during the World Economic Forum

Afreximbank flags Africa’s digital trade gap at Davos

1 day ago
Africa Briefing Magazine: November-December 2025

Africa Briefing Magazine: January-February 2026

2 days ago
President John Dramani Mahama speaking at the World Economic Forum in Davos, Switzerland, during discussions on the Accra Reset initiative.

Mahama warns Africa must reset at Davos

2 days ago
Guinea-Bissau’s transitional president Major-General Horta Inta-a salutes during an official ceremony following the military coup that halted the country’s elections

Guinea-Bissau sets election date after military coup

2 days ago
  • About Us
  • Advertise
  • Media Kit
  • Policies and Terms
Sunday, January 25, 2026
  • Login
  • Register
Africa Briefing
Data & Research Solutions
No Result
View All Result
  • Home
  • Business & Economy
  • News
  • Energy
  • Politics
    • Africa Abroad
  • Technology
  • Magazine
Subscribe for More
Africa Briefing
No Result
View All Result
Home Business & Economy

Ghana: African Development Bank-financed road interchange opens, trade and incomes expected up

by Editorial Staff
5 years ago
in Business & Economy
Reading Time: 2 mins read
0 0
A A
0
Ghana: African Development Bank-financed road interchange opens, trade and incomes expected up
0
SHARES
39
VIEWS
Share on FacebookShare on XShare on WhatsApp

A JUMBO road interchange financed by the African Development Bank (AfDB) has opened in the Ghanaian capital, Accra, amid hopes the new infrastructure will help reduce road fatalities, ease mobility and spur trade within Ghana as well as with its neighbours.

Ghana’s President Nana Akufo-Addo commissioned the Pokuase Interchange – an array of swirling highways – at a ceremony held Friday July 9, attended by government ministers, diplomats, transport operators, members of parliament and traditional chiefs draped in colourful regalia.

The four-tier interchange — the first of its type in West Africa—and a 10-km road network linking it to adjoining arterial roads, form part of the Accra Urban Transport Project.

AfDB provided $83.9 million for the project from the African Development Fund, its concessional financing window, and the Ghanaian government contributed $11 million.

President Akufo-Addo lauded the Bank for its developmental role across the continent. ‘The Bank, under the outstanding leadership of a great pan-Africanist, Akinwumi Adesina, continues to be a strong vehicle for the realisation of the aspirations of the African peoples,’ the president said.

The project, which was approved in September 2016, will improve mobility on the Accra-Nsawam section of the Accra-Kumasi Highway, which sees 50,000 vehicles per day in traffic. It will also reduce vehicle operating costs by 37 percent, cut travel time from two hours to 30 minutes and lower road accident rates by 40 percent.

Marie-Laure Akin-Olugbade, the Bank’s Director General for the West Africa Regional Development and Business Delivery Office, said that Bank support for the Ghanaian transport infrastructure sector symbolises its quest for Africans’ economic and social advancement.

‘This approach amplifies the benefits through the ancillary facilities and the road which contribute to the improvement of livelihoods,’ she said, noting that for close to five decades, ‘the Bank has stood side-by-side with Ghana to set up the country in implementing its growth and transformation agenda.’

The project also provides protection for the nearby Gua Sacred Forest, contributes to lower carbon dioxide emissions, and provides fully equipped modern ICT laboratories for 14 basic schools to train over 10,000 primary school children. Additionally, the production facilities for two local women’s groups have been upgraded and access to ICT has improved the business and income of more than 250 women by 10 percent.

Project beneficiaries include local agro-industries, transporters and travellers on the Accra-Kumasi corridor, which is the main transit route between the breadbasket Brong Ahafo region and Accra, and is also part of the Ghana-Burkina Faso road corridor.

The project advances the Bank’s High 5 strategic priorities, particularly, Industrialise Africa, Integrate Africa and Improve the quality of life for the people of Africa. The project also aligns with the current Country Strategy Paper (2019-2023) for Ghana, which supports industrialisation, trade, and regional integration as national development priorities. The strategy paper also positions Ghana to take advantage of the African Continental Free Trade Area, which came into force in January 2021.

To date, total Bank approvals for Ghana stand at roughly $3bn. Of this, nearly $825 million (28 percent) has gone to road, air, and rail transportation projects, including the rehabilitation of Fufulso-Sawla Road, which won a presidential award in the Bank, and the new Kotoka International Airport Terminal 3. Other important sectors in the Bank’s portfolio are agriculture, at 31.7 percent and power, water and sanitation, and finance.

 

ShareTweetSend
Editorial Staff

Editorial Staff

Related Posts

Panel discussion at Africa Collective Davos 2026 featuring Afreximbank’s Ekene Uzor speaking on digital trade infrastructure during the World Economic Forum

Afreximbank flags Africa’s digital trade gap at Davos

by Editorial Staff
January 23, 2026
0

Keypoints: Afreximbank says digital infrastructure underpins Africa’s trade ambitions Shared systems seen as critical to making AfCFTA operational Payments, data...

GoldBod CEO Sammy Gyamfi shakes hands with Gold Coast Refinery executives during the signing of Ghana’s gold refining agreement in Accra.

Why Ghana’s GoldBod refinery deal matters

by Editorial Staff
January 22, 2026
0

Keypoints: Ghana will refine up to one tonne of gold weekly State secures 15 percent free carried interest Analysts welcome...

Nigeria’s finance minister Wale Edun speaking during a panel session at the World Economic Forum in Davos 2026.

Wale Edun warns trade rifts threaten Nigeria

by Editorial Staff
January 22, 2026
0

Keypoints: Wale Edun warns global trade fragmentation threatens Nigeria Government prioritises investment over new borrowing Tax and revenue reforms target...

Young Angolan professionals and students wearing conference badges pose together during a youth development and skills training event in Angola.

Op-ed: Angola’s youth are its true wealth

by Editorial Staff
January 22, 2026
0

Keypoints: Angola’s youth bulge is its biggest untapped economic asset Skills shortages continue to limit domestic opportunity Targeted training can...

  • Trending
  • Comments
  • Latest
WhatsApp chat screen showing missed call messages feature, with a user recording a voice note after an unanswered call

WhatsApp rolls out missed call messages

December 14, 2025
Composite image showing the wreckage of vehicles after a fatal road crash in Ogun State, Nigeria, alongside an explanatory diagram illustrating seating positions inside an SUV.

Fatal Nigeria crash leaves Anthony Joshua injured

December 29, 2025
Africa Briefing Magazine: November-December 2025

Africa Briefing Magazine: November-December 2025

November 21, 2025
Hilton Worldwide announces first hotel opening in Chad

Hilton Worldwide announces first hotel opening in Chad

0
Vodafone reveals strong growth in M-Pesa transactions as it launches service in Ghana

Vodafone reveals strong growth in M-Pesa transactions as it launches service in Ghana

0
West African hotels boost security after Burkina attack

West African hotels boost security after Burkina attack

0
Ugandan opposition leader Bobi Wine speaks to journalists alongside his wife during a media briefing in Kampala following the disputed 2025 election.

Uganda election rival says soldiers attacked wife

January 24, 2026
Téné Birahima Ouattara, defence minister of Cote d'ivoire, attends an official government event in Abidjan

Cote d’ivoire president appoints brother vice PM

January 24, 2026
Coal-fired power station in South Africa as Germany commits €720m to support the country’s transition away from coal under the Just Energy Transition Partnership

Germany commits €720m to South Africa coal exit

January 24, 2026
Africa Briefing

© 2025 Africa Briefing

Quick Links

  • Home
  • About Us
  • Advertise
  • Policies and Terms

Stay Connected

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business & Economy
  • Energy
  • Magazine
  • News
  • Politics
    • Africa Abroad
  • Technology
  • Advertise
  • Media Kit

© 2025 Africa Briefing

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00