Ghana signs $800m pact with US General Electric, Conti Group
The Government of Ghana and two American companies – Conti Group for the Accra Drains Project and General Electric has signed two Memoranda of Understanding (MoU) for close to a total of to $800 million towards the redesigning of sewerage system in Accra and rehabilitation of the Western Rail Line Project.
Five hundred and ninety five million dollars has been earmarked for the Accra Drains Project, while $200 million would go into the Western Rail Project.
Dr Kwabena Dufuor, Minister of Finance and Economic Planning, signed for the pact for the development of the Sewerage Project with Conti, whiles Ms Dzifa Attivor, Deputy Minister of Transport, signed with General Electric for the rails.
The Managing Directors of the two companies initialed for their organizations.
The MoU was signed at a business dinner hosted by the US Business Council for International Understanding (BCIU) in Washington DC in honour of Ghana’s President Atta Mills, who is on a State Visit to the United States of America.