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Business News of Tuesday, 21 January 2020

Source: Daily Guide Network

£40m Kumasi airport deal ready

A £40 million agreement for the construction of a new terminal at the Kumasi Airport is billed to be initialed this week between British Prime Minister Boris Johnson and President Akufo-Addo.

The pre-financing agreement between the UK and Ghana will be disbursed after the UK-Africa summit in London.

According to Iain Walker, UK’s High Commissioner to Ghana who spoke to Joy FM recently, said the agreement would place Kumasi as a trade destination in Africa.

“We have invested in two things particularly the airport extension which means a lot of planes could land there and also we will be announcing at this summit the building of the new terminal at Kumasi… it is not about aid but helping to get more investment.”

President Nana Addo Dankwa Akufo-Addo left Ghana on Friday to attend the UK-Africa Investment Summit in London, UK.

The UK-Africa Investment Summit, being hosted by British Prime Minister, Boris Johnson, started yesterday and has brought together businesses, governments and international institutions to showcase and promote the breadth and quality of investment opportunities across Africa.

President Akufo-Addo will today deliver the keynote address at the Ghana Investment Opportunities Summit – a summit which aims to bring delegates, especially from the UK, to explore investment opportunities in Ghana.

He will then travel to Davos, Switzerland, at the invitation of the founder and Executive Chairman of the World Economic Forum, Prof. Klaus Schwab, to participate in the 50th anniversary celebration of the World Economic Forum Annual Meetings which also starts today and ends on Friday.

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