Ghana Hospital: Ghana’s President, Nana Addo Dankwa Akufo-Addo, has presided over the groundbreaking ceremony for the Bolgatanga Regional Hospital restoration project, alongside representatives from Saudi Arabia and the West African Republic. According to the Saudi Press Agency.
According to the report, the project comprises two phases and a total estimated value of $32 million. The Saudi Fund for Development (SFD) provided two development loans to support this project.
The Saudi ambassador, Sultan bin Abdul Rahman Al-Dakhil, and the director general of the Saudi Fund for Development’s Africa Operations Department, Muhammad bin Azan Al-Shammari, represented the Kingdom.
Reducing Diseases Spreading
The report also said that the Ghana Hospital project entails the construction and furnishing of several structures, such as:
- departments of medicine with specialisations.
- Services for emergencies.
- departments of paediatrics and maternity.
- emergency departments.
According to the paper, the objective is to improve the quality of integrated health care while preventing the spread of illnesses and epidemics.
Ten Initiatives for Development in Ghana
Notably, the Social Fund for Development provided soft development loans of over $124 million. To assist ten development initiatives and programmes in Ghana, intending to bolster industries like:
Education, Health, Transportation, Energy, Agriculture.
The Saudi Fund for Development
The Fund’s primary objective is to finance development projects in developing nations through loans, technical assistance grants, and national non-oil export financing and guarantees. According to its regulations.
On its website, the Saudi Fund for Development states that from the beginning of its operations in 1975 and the end of 2020. It disbursed 730 development loans to support 692 projects and programmes that benefited 84 poor nations worldwide.
The total sum supplied by the Saudi Fund for Development is 69 billion Saudi riyals. Furthermore, the Fund assisted in the execution of two financing agreements for a combined 905.01 Saudi riyals—more than $240 million—with the International Development Association.
The Fund has extended soft loans to several African nations. At the Saudi-Arab-African Economic Conference in Riyadh in November of last year, the Fund signed fourteen new development loan agreements. They worth over $580 million with twelve African ministries.
The money will go towards funding health, water, education, and transportation initiatives in the following countries: Angola, Burkina Faso, Benin, Burundi, Cabo Verde, Guinea, Malawi, Mozambique, Niger, Rwanda, Sierra Leone, and Tanzania.
The Saudi Well Drilling and Rural Development Programme is one of the Fund’s initiatives. It aims to maintain lives in Africa by providing sustainable access to water resources. The programme’s water wells in The Gambia’s rural villages are among its most enduring initiatives.
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