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Ghana signs $66 million agreement with China in respect of James Town Fishing Port Complex

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Finance Minister Ken Ofori-Atta

Ghana and China have signed agreements totaling $66 million to support the Jamestown Fishing Port Complex and the implementation of projects, including the second phase of the University of Health and Allied Sciences.

Under the bilateral agreement, China is providing a grant of about $16.0 Million to Ghana for the implementation of projects including the Phase 2 of the University of Health and Allied Sciences.
As regards the Exchange of Notes on Jamestown Fishing Port Complex, China is providing an amount of about $50 million for the implementation of the Project.

The project is in three major parts, involves the dredging (about 118,000 cubic meters) harbour basin and shipping channels; construction of hydraulic structures (about 1,200 meters) composed of berths, Seawall and a breakwater; and construction of administration, production and supporting facilities, including an office building, kindergarten, trading market, processing area, commercial area and other production and supporting facilities.
The project is expected to enhance the productivity of the fisher folks and create about 1,000 job opportunities for the teeming youth in the community.

Finance Minister Mr. Ken Ofori-Atta signed Ghana and Madam Sun Baohong initialed for China.
Mr. Ofori-Atta said the signing marked another important milestone in the bilateral economic relations between Ghana and the People’s Republic of China as it reaffirmed commitments and determination to broaden and deepen the bilateral cooperation between the two countries.

He said Ghana currently was at a stage in its development trajectory that required massive investments.
“Indeed, if we are to achieve this aspiration, there is the need for that critical mass of resources to push the economy beyond aid right from the onset of the implementation of strategies to get there,” he said.
Mr. Ofori-Atta said the government was striving hard to ensure macroeconomic stability that would help create the enabling environment for accelerated economic growth to catapult Ghana beyond aid.

On her part, Madam Sun said China and Ghana have been very important development partners, saying bilateral trade between Ghana and China last year reached 6.67 billion US Dollars and it ranked sixth among 54 African countries.
“China is Ghana’s largest trading partner and what is worth noting is that Ghana’s export to China surpassed 1.85 billion dollars and registered an increase of over 41 percent,” she said.

Last year, China’s financial investment in Ghana reached $123 million and they have invested in 25 projects, the number of the projects ranked top among all the foreign investment countries.

Madam Sun said China 80 satellite TV project to 300 Ghanaian villages would be implemented in May while the James Town Fishing Port Complex would kick off within this year.

“We are doing feasibility studies on phase two of University of Health and Allied Sciences now and we are going to do the feasibility for Cocoa Processing Project in Sefwi Juaboso, and we have begun the implementation of donation of police vehicles and equipment,” she said.

She said China fully supported Ghana Beyond Aid initiative of the government and we wish that this aspiration will be realized with the help of international partners.

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Young Osu Guy Named “Cash” Kicks Off 2019 With A Brand New Car | PHOTO

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CASH, A young osu based guy who has been working very hard since last year surprisingly has kicked off osu by getting himself a brand new car.

This surprise came up just this afternoon after he posted a photo of him by his car.

Famously know as “Cash” he was able to get his name on the car as its number plate whereby he was seen by his car.

He got himself a 2015 Hyundai which costs about $15,300.

See photo of cash and his car below.

 

 

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Czech Republic Offers Nigerians 4,000 Euros To Leave Their Country

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The government of Czech Republic has offered to pay Nigerians and other migrants €4000 (1.6m) to encourage them to leave their country and return to their homes.

A report by RemixNes, a Czech-Republic based newspaper, the offer is under a programme that focuses particularly on migrants from Afghanistan, Iraq, Nigeria, Mongolia, Russia, and Vietnam that wish to voluntarily leave their country.

The programme tagged ”Returns” established by the Czech Interior Ministry would assist immigrants with transportation costs and integration in their country of origin, including accommodation, household equipment or domestic animal expenses.

”Anyone who voluntarily leaves the country and promises not to return not only to the Czech Republic but to the EU will be eligible for the money. Allocation for the program amounts to 60 million CZK, 75 percent is to be covered from the European Asylum, migration and integration fund. Each individual could get funds ranging between 40,000 and 100,000 CZK. First funded returns should be processed in the third quarter of 2019.” the report read.

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Huawei’s New Campus In China Looks Like A Big European City And Can House 25,000 Employees | PHOTOS

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Tech giant Huawei‘s massive new campus, which is designed to look like a group of European cities, has left people in awe.

The campus in the Chinese city of Dongguan recreates a wide swathe of Europe, from faux Italian towers to artificial lakes and classical palaces. It also has its own tram system.

The campus is split into 12 “towns,” which are areas where employees work. Each town is named after a European city. There are towns including Paris, Granada, Verona, and Bruges.

 

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The campus is still being built. So far 8 out of the 12 towns have been completed.

The nine square kilometer facility can house up to 25,000 employees. 17,000 employees are currently located on the campus. There are over 50,000 employees at Huawei’s Shenzhen headquarters.

Huawei’s Dongguan campus is so big that a tram operates to transport employees between different towns. There’s also a bridge that connects the different parts of the campus on different sides of the lake. The bridge is a replica of the Freedom Bridge in Budapest, Hungary, CNBC reports.

More photos below.

 

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