He said it was the President’s only discretion to choose a major project to be financed by the approved a €155 million loan which he has decided to complete the long lasting KATH project that he promised to do.
Parliament has approved a €155 million loan for the completion and equipping of the maternity and children’s block of the Komfo Anokye Teaching Hospital.
Estimated cost of the project is €138.50 million and it will take three years to complete but the health Minister, Kweku Agyeman- Manu has assured that due to the over 40-year delay in its completion, the Ministry will be working with the contractors to complete it ahead of schedule.
Government secured the two credit agreements - €122,543,352.60 and €32,500, 000.00- from the Deutsche Bank AG, London and the UK Export Finance (UKEF) for the financing of the project.
The financial package provides a 100 percent solution to ensure that the project is implemented and completed smoothly without financial hindrances.
Under the agreement, the 750-800 bed facility will include a Paediatric, Gynaecology and Obstetrics units. It will also have nine theatres, all situated on one floor for greater efficiency plus one located on the ground floor for emergencies.