GHANA - Additional Financing to Eastern Corridor Road Development Programme Phase 1 — Ghana

Overview

The proposed operation intends to allocate funding for the preparation and ensuring readiness and quality of entry of the projects that are included in the “Big Push” Infrastructure Development Programme. This Policy is part of the Government Manifesto and involves accelerating national infrastructure development to boost growth and create sustainable jobs. The policy proposes development of infrastructure that will be tailored around the corridor approach. This approach to transport infrastructure delivers benefits beyond mobility. It integrates economic growth, social equity, environmental sustainability, and regional development into one framework. This will enhance i) economic growth stimulation: by attracting investment, reducing trade costs, and improving access to markets, boosting productivity and competitiveness, ii) job creation and poverty reduction: by connecting rural and urban areas, corridors expand employment opportunities and reduce regional inequalities, iii) regional integration: by strengthening cross-border trade and cooperation, fostering political and economic ties between countries, iv) holistic planning: The integrated approach aligns transport with energy, ICT, and water infrastructure, ensuring coordinated development, v) environmental management: Corridor programmes incorporate ecological safeguards, reducing negative impacts and promoting sustainable land use, vi) resilience and equity: by enhancing economic resilience by diversifying growth centers and improving access for marginalized communities, vii) efficient resource use: by planning which avoids duplication of projects, reduces costs, and maximizes infrastructure returns and viii) urban rural connectivity: by linking cities with hinterlands, improving access to services, education, and healthcare.