The Deputy Minister of Finance, Helen Mona Quartey, signed on behalf of the Government of Ghana, while the AFD’s Deputy Resident Manager, Xavier Muron signed on behalf of his organisation.
Under the agreement, AFD is providing a concessional loan of 37.5 million Euros to complete work on the Oforikrom-Asokwa by-pass and Lake Road and the Second Urban Environmental and Sanitation Project (UESP II).
In her remarks, Mrs Quartey said the completion of the Oforikrom-Asokwa by-pass would reduce traffic jams, save time for road users thereby contributing to the overall improvement in the development of Ashanti Region.
She said under the UESP II, a storm drain was being constructed to link the Aboabo storm drain to the Lake Road culvert/bridge and extend the line drain further downstream by two kilometres.
“All these are expected to reduce flooding with the resultant effect of increasing productivity and economic activity,” Mrs Quartey said.
The Deputy Minister lauded the French government for its unflinching commitment to support the development agenda of Ghana.
He particularly commended the French government for her continuous support for development projects in Kumasi to address the infrastructure gaps and needs of the people.
The French Ambassador to Ghana, Francois Pujolas said his government will continue to support Ghana in its efforts to provide a better standard of living to the entire citizenry through development oriented projects such as the Kumasi projects.
He urged all the parties involved in the execution of the two projects to work to ensure that the projects were completed on schedule.
By Kingsley Asare