Business Times Africa Magazine 2017 /vol 9/ No2 BT2Edition2017_web | Page 43

BOLSTERING GROWTH AND WEALTH IN A BLUE ECONOMY
This, according to the finance
minister, will help improve the
operational
performance
and
revenue of the Ghana Railway
Company Limited (GRCL) to better
position the company to wean itself
from government support.
Railway Development Minister Joe
Ghartey has indicated that investors
are already trooping in to partner
government in the expansion of the
country’s rail network from the south
to Paga in the Upper East.
The project is estimated to cost
about US$5 billion and according
to him, government will consider a
cocktail of Build Operate and Transfer
(BOT) and other several examples.
He told the Appointments
Committee of Parliament: “Due to the
government’s pro-business policies,
investors have shown interest to
partner government.
It is estimated that the cost of road
haulage is 50 percent more than the
alternative of using railway lines. This
affects the bottom line businesses
that rely solely on road transport to
cart their goods.
2017 | Business Times Africa 41