Christopher Arko, GNA
Accra, Feb.28 GNA – Parliament
has approved a total of €97.184 million credit facility agreement between the
Government of Ghana and the Deutsche Bank, supported by the Italian Export
Credit Agency to finance the expansion and rehabilitation of the Keta Water
The credit facility
is made up of a Buyer Credit facility amounting to €84,417,649.82 and a
commercial facility of €12.766 million.
Under the terms and
conditions of the two facilities, the Buyer Credit Facility has a tenure of 13
years, 10 years repayment period, three years grace period at an interest rate
of six months Euribor benchmark + 2 percent per annum.
Facility has tenure of five years, four years repayment period, grace period of
one year and a-six month Euribor + 4.9percent per annum.
Earlier, Mr Kojo
Oppong Nkrumah, Member of Parliament (MP) for Ofoase-Ayirebi and Minister of
Information moved the motion on the floor of the House, which was seconded by Dr
Mark Asibey-Yeboah, Chairman of the Finance Committee.
The objective of the
project is to rehabilitate and expand the Keta Water supply system to provide
access to potable water to the catchment area.
The major components
of the project include; the construction of an intake facility with a capacity
of 9.3 million gallons per day, construction of 7.7 million gallons
conventional water treatment plant, construction of 62km transmission pipeline
from Agordome to Keta via Anloga, the construction of a buster station and
The rest of the
components are the rehabilitation and extension of the distribution network,
approximately 80km of pipes varying from 100mm to 450mm, the supply of 8,000
domestic metres and spare parts as well as the rehabilitation of existing water
treatment plant to its installed capacity of 78,200 3/day.
The rationale for
the project is that the present Keta Water supply system of Agordome-Sogakope
is old and cannot meet the current water demand of about 190,000 people within
its catchment area.
The Ministry of
Sanitation and Water Resources caused an assessment of the Keta Water supply
As part of the
recommendations, it was suggested that there was the need for a major
rehabilitation and expansion of works to be carried out. This would include;
rehabilitating the existing water system to its installed capacity and
constructing new water systems to help expand production of water to meet
growing demand of the catchment area up to the years 2030 and beyond.
The government in
pursuit of the recommendations is undertaking the project to rehabilitate and
expand the capacity of the Keta Water supply system to be able to supply water
to over 422,160 people.