From Business Ghana
Ghana has called on the African Development Bank(ADB) to open more offices in countries where it operates to ensure the free flow of funds for development projects.
Alhaji Limuna Mohammed-Muniru, the Upper East Regional Minister, made the call on behalf of the President Mr John Dramani Mahama, at the launch of the ADB Water project at Dakola in Burkina Faso over the weekend.
He said the decentralization of the bank’s operations would allow the free flow of funds for projects and avoid the usual request for pertinent approvals to be sought from the Headquarters which often caused undue delays.
He also called on the chiefs, landowners and all other stakeholders to provide land and other resources needed to start worthwhile projects.
“Many projects have failed because our communities have failed to provide land for the funding agency. You must therefore do all that it takes to derive maximum benefit from this project, for water is life”, Alhaji Mohammed-Muniru said.
He said the ADB had supported Ghana in executing similar projects saying since 1973 when its operations began in the country, it had invested over 1.6 billion dollars on concessionary terms in all sectors of the economy.
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