President John Mahama has reaffirmed his commitment to completing key infrastructure projects under the Synohydro Programme despite challenges posed by Ghana’s Debt Exchange Programme (DDEP).
Speaking during his “Thank You Tour” in the Western Region on February 5, 2025, President Mahama provided updates on the country’s debt restructuring efforts and reiterated his administration’s determination to advance critical infrastructure development.
He assured that ongoing negotiations with official and commercial creditors would pave the way for the continuation of major projects, including the Takoradi Interchange, the Agona Dualisation Project, and key road developments in the Nzema enclave.
Beyond road infrastructure, Mahama underscored plans to expand railway connections along the western corridor to enhance the transportation of bauxite and manganese to the Takoradi port, boosting the region’s industrial capacity.
His announcement has been met with cautious optimism, as citizens and industry stakeholders anticipate tangible progress in revitalizing stalled infrastructure projects.
“Ghana has been involved in a Debt Exchange Programme, and the DDEP has affected the projects that were packaged under the Synohydro Programme. We currently have finished negotiations with the official creditors and are soon to start negotiations with commercial creditors.
“I believe that this will pave the way for us to continue the Takoradi Interchange Project. We will also look at the Agona-dualisation project. And also, the Nzema enclave roads.
“We will also look at the railways to expand the connections from the Railways along the western corridors in order that we can haul bauxite and manganese to Takoradi ports.”
Source: Citi News
