• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Economy 201707

Gov’t Targets 1,394 km Rail Lines

05-Jul-2017
/ Economy, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The Minister for Railways Development, Joe Ghartey, has revealed that a total of 1,394 kilometres will be constructed within the next four years.

He indicated that the Ministry, as part of a Master Plan, would construct the new lines of standard gauge to tackle increased traffic and modernize the rail network.

According to him, his ministry requires close to $21 billion to complete the 4,007.6 kilometers to add to the existing 339 kilometers of rail lines inherited from the colonial masters.

He mentioned that the projects, when completed, would create a number of jobs and facilitate trade and industrial development, as well as stimulate economic growth.

“New towns and cities would be developed and other older towns revitalized,” he added.

The Minister said this in an address read on his behalf at the first annual public lectures organized by the Sekondi-Takoradi Chamber of Commerce and Industry (STCCI) on the revamping of Ghana’s Railway Sector.

It was on the theme: ‘Revitalization of the Railway Sector: Impact and Implications for the Port of the Twin City of Sekondi-Takoradi, Western Region and Ghana.’

Nana Kobina Nketsia V, the Paramount Chief of Essikado Traditional Council, noted that revamping the railway sector must be done concurrently with the revival of communities along the said rail lines to ensure effective socio-economic development.

Paramount Chief of Essikado remarked that “we need to create facilities and industries along the railway to add value to the many raw materials from the hitherlands before they are exported into other countries.”

Peter Bediako, Deputy Director of Marketing and Public Relations of the Takoradi Port, also indicated that the rail sector continues to make significant contributions towards export in some West African countries and bemoaned the fact that Ghana was lagging behind.

Mayor for Sekondi-Takoradi, Anthony Kurentsir Sam, stressed that the government was committed to transforming both the local and national economy through the railways and that the standards of living of the people are expected to improve greatly.

He said the collapse of the sector had negatively affected virtually all sectors of the local economy, adding that “some years back commuters could easily access train services.”

“Bauxite, manganese, logs and other agricultural products were also carted to the Takoradi Port for export by train which relieved the pressure on the road,” he revealed.

He pointed out that the local economies of Sekondi-Takoradi and the Western Region would revolve around the revamped railway industry.

Ato Van-Ess, Chairman of the STCCI, noted that the Chamber would continue to partner government and the Ministry to ensure the successfully implementation of the railway master plan.

Source: Daily Guide

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Treasury Bill Rates Hit 5-Year Low

Next Post

Manufacturers Petition Gov’t Over Flat 3% VAT

 
 

More Stories

Ambiguity Over IMF-Funded BoP Support Worrying – IEA
Concerns Heighten Over Declining Oil Production
Cedi Faces Pressure Amid US Debt Ceiling Negotiations
No Workers To Fill Vacancies In Germany, Grocery Bills Up 28.6% - A Look At Life in Europe's 'Economic Powerhouse'
IMF Loan "Will Not Spell The Immediate End" Of Economic Challenges - Akufo-Addo
Germany Falls Into Recession Following Inflation
E-levy Rakes In 11% Revenue For Q1 2023
BoG Takes Steps To Curb Cyber Threats
Banking Sector Showing Signs Of Recovery Post-DDEP
Next Post

Manufacturers Petition Gov’t Over Flat 3% VAT

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Economy Stories

  • Ambiguity Over IMF-Funded BoP Support Worrying – IEA

  • Concerns Heighten Over Declining Oil Production

  • Cedi Faces Pressure Amid US Debt Ceiling Negotiations

  • No Workers To Fill Vacancies In Germany, Grocery Bills Up 28.6% - A Look At Life in Europe's 'Economic Powerhouse'

  • IMF Loan "Will Not Spell The Immediate End" Of Economic Challenges - Akufo-Addo

  • Germany Falls Into Recession Following Inflation

  • E-levy Rakes In 11% Revenue For Q1 2023

  • BoG Takes Steps To Curb Cyber Threats

  • Banking Sector Showing Signs Of Recovery Post-DDEP

  • Financial Sector Recovery Strategy Ready By End-June – IMF

 

 
 

Popular Videos

Kokrokoo Live On Peace 104.3 FM (29/05/2023)

GHANA MONTIE WITH MAC JERRY OSEI AGYEMAN on NEAT 100.9 FM (TUESDAY 30-05-23)

YE KO FIE with OLA MICHAEL on NEAT 100.9 FM (MONDAY 29-05-23)

Peace Power Sports (29/05/2023)

Akan News @ 6pm On Peace 104.3 FM (29/05/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (30/05/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media