Asante Mampong benefit from a $15.3 m loan

Page 14, July 4, 2009
Story: Emmanuel Adu-Gyamerah

THE Asante Mampong Municipality in the Ashanti Region is to benefit from a $15.3 million loan facility for the rehabilitation and expansion of its water system.
With about 58,000 inhabitants, the municipality has a potential for agro-industrial processing.
However, the existing surface water supply for the municipality has become inadequate to meet the demands of the area.
A report on the loan facility, was laid before Parliament by the Chairman of the Finance Committee of the House, Mr James Klutse Avedzi for the approval of the loan for the execution of the project.
The report indicated that the loan was being sourced from the Export-Import Bank of the United Stated of America, by the Ghana Water Company Limited with the Ghana of government as the guarantor.
Apart from the loan, the bank is also providing $7,788,723 as grant while the execution of the water project would be undertaken by Messrs EUM of Florida, USA.
The beneficiary communities of the project would include Mampong, Darmang, Daaho, Bosofour, Besease, Kyeremfaso, Krobo, Mpenya, Dadease, Bonkrom, Nsuta and Beposo.
The technical support to be provided under the project, included the training of the Ghana Water Company staff and post construction operational support.
The project is expected to enhance the provision of water to help government’s objective of increasing access to potable water by the population to meet and even exceed the Millennium Development Goal (MDG) target of 76 per cent by 2015.