• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, December 15, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Government Cannot Fund Sky Train Project in Three Years- Peter Amewu

M.Cby M.C
December 2, 2021
Reading Time: 3 mins read
Minister for Railway development, John Peter Amewu

Minister for Railway development, John Peter Amewu

The Minister of Railways Development, John-Peter Amewu, has intimated that government cannot fund the construction of a 12-billion-dollar sky-train project in the next three years because its balance sheet cannot support that.

He stated that constructing a sky-train can cost between 11 to 12 million dollars per kilometre, noting that considering the government’s current balance sheet and fiscal space, it would be impossible to undertake such a project.

“Constructing a sky-train is not like building a road so, if we consider a period of three years, it is impossible. Sometimes, we have to be honest and objective and that’s why I said for the period of three years, it is not possible”.

John-Peter Amewu

The Minister refuted claims that government had signed a concessionaire agreement with a South African company to build a sky-train in Ghana, and explained that, it was rather a Memorandum of Understanding, which is not binding.

Peter Amewu announced that government has paid 68 million euros to Amandi Holdings Limited to begin construction works on the Manso-Huni Valley rail line in the Western Region.

RelatedPosts

Kpandai Rerun Tightens as Poll Shows NPP’s 50% Narrow Lead

Galamsey, Betting Drive Older Boys Out of School in Northern Ghana – Eduwatch Census Reveals

Pass Consumer Protection, Competition Bills to End Market Rip-off – Policy Activist

5483 tn gh dmu accra tema

Mr. Amewu speaking on Government’s strategy to mobilize funds for its railway projects disclosed that, the project forms part of a standard gauge rail line between Takoradi Harbour and Huni Valley.

The Minister revealed that the project will provide 60km of single track lines, eight basic stations along the existing line from Amantin to Huni Valley. These will include access roads, CCTV and access control, backup generator and water tanks.

The project, he averred, will include 10km of loop lines and stations’ double lines to improve availability of the line for express trains.

Ongoing railway projects

Peter Amewu updated the public on the various ongoing railway projects across the country including, the 670-kilometre Central Spine Railway Line from Kumasi to Paga estimated at three billion dollars; Trans-ECOWAS Railway line from Afloa to Elubo, and the 1,100-kilometre Ghana-Burkina Faso Railway Interconnectivity Project.

The Minister stated that the rehabilitation of the section of Accra to Tema rail line was completed in December 2018 and provides shuttle services while the Achimota to Nsawam railway line was completed in December 2019.

He indicated that the 97.7-kilometre Tema to Mpakadan section, which falls under the Mpakadan-Ouagadougou rail line project, was 90 per cent complete.

As part of government’s efforts of building human capacity to maintain the railway infrastructure, Mr Amewu disclosed, the Old Railway Training Institute in Sekondi has been rehabilitated and upgraded to award degrees in Engineering.

“Additionally, two out of the seven Railway Location Workshop Complex for maintenance of locomotives, wagons, and coaches have been refurbished while the remaining five workshops were ongoing refurbishment”.

John-Peter Amewu

Mr. Amewu iterated government’s commitment to revamping the country’s railway infrastructure to create jobs and transform the economy. He mentioned that sources for funding railway infrastructure had become very difficult due to the global COVID-19 pandemic, therefore, the only way Ghana could fund its railway projects was through payment of levies and taxes by the citizens.

“Infrastructure projects all over the world are funded by the citizens and so, if we, the citizens, decide to build our infrastructure projects, we can do it. We, the citizens, are the development agents and the only way we can fund such projects is through internally-generated funds by paying our levies and taxes”.

John-Peter Amewu
Read Also: Drop E-Levy, It’s Distortionary, Discriminatory And Inefficient – Economists Warn
Tags: general newsGhana NewsrailwayRailway DevelopmentTransport Ministry
Share2Tweet1ShareSendSend
Please login to join discussion
Previous Post

Monthly Market Review: Benchmark GSE-CI Climbs on Thinner Trade

Next Post

We should be worried about uninsured government properties- Hollard CEO

Related Posts

Kpandai Rerun Poll Update
General News

Kpandai Rerun Tightens as Poll Shows NPP’s 50% Narrow Lead

December 15, 2025
Kofi Asare, Executive Director of Africa Education Watch
General News

Galamsey, Betting Drive Older Boys Out of School in Northern Ghana – Eduwatch Census Reveals

December 15, 2025
Speaker of Parliament Alban Kingsford Sumana Bagbin
General News

Pass Consumer Protection, Competition Bills to End Market Rip-off – Policy Activist

December 15, 2025
President  John Dramani Mahama @ECOWAS Heads of State Meeting
General News

ECOWAS Heads of State Endorse Mahama’s 2027 AU Chairmanship

December 14, 2025
Osagyefo Oliver Barker-Vormawor, Legal Practitioner and Activist
General News

Barker-Vormawor Slams Ghana’s One-Sided Extradition Deals with U.S.

December 14, 2025
Professor Ahmed Jinapor Abdulai, Director-General of GTEC
General News

Most Foreign Doctorate Degrees Held by Ghanaians Lack Accreditation – GTEC

December 14, 2025
Kpandai Rerun Poll Update
General News

Kpandai Rerun Tightens as Poll Shows NPP’s 50% Narrow Lead

by Evans Junior OwuDecember 15, 2025
Mr. Tong Defa, Chinese Ambassador to Ghana
Extractives/Energy

China Pledges to Support Ghana Achieve Sustainable and Responsible Mining

by Bless Banir YarayeDecember 15, 2025
NIC Moves to Curb Insurance Fraud with Mandatory Ghana Card Requirement
Insurance

NIC Moves to Curb Insurance Fraud with Mandatory Ghana Card Requirement

by M.CDecember 15, 2025
Lands and Natural Resources Minister, Hon. Armah-Kofi Buah
Extractives/Energy

Government Reaffirms Commitment to ‘Green Mining’, Urges Responsible Media Reporting

by Bless Banir YarayeDecember 15, 2025
Mobile Money Transactions in Ghana Cross GH¢3 Trillion as Digital Payments Deepen
Vaultz Business

Mobile Money Transactions in Ghana Cross GH¢3 Trillion as Digital Payments Deepen

by M.CDecember 15, 2025
Ghana crude oil production
Extractives/Energy

Fitch Projects Ghana’s Oil Production to Reach 5.1% in 2026

by Prince AgyapongDecember 15, 2025
Kpandai Rerun Poll Update
Mr. Tong Defa, Chinese Ambassador to Ghana
NIC Moves to Curb Insurance Fraud with Mandatory Ghana Card Requirement
Lands and Natural Resources Minister, Hon. Armah-Kofi Buah
Mobile Money Transactions in Ghana Cross GH¢3 Trillion as Digital Payments Deepen
Ghana crude oil production

Recent News

Kpandai Rerun Poll Update

Kpandai Rerun Tightens as Poll Shows NPP’s 50% Narrow Lead

December 15, 2025
Mr. Tong Defa, Chinese Ambassador to Ghana

China Pledges to Support Ghana Achieve Sustainable and Responsible Mining

December 15, 2025
NIC Moves to Curb Insurance Fraud with Mandatory Ghana Card Requirement

NIC Moves to Curb Insurance Fraud with Mandatory Ghana Card Requirement

December 15, 2025
Lands and Natural Resources Minister, Hon. Armah-Kofi Buah

Government Reaffirms Commitment to ‘Green Mining’, Urges Responsible Media Reporting

December 15, 2025
Mobile Money Transactions in Ghana Cross GH¢3 Trillion as Digital Payments Deepen

Mobile Money Transactions in Ghana Cross GH¢3 Trillion as Digital Payments Deepen

December 15, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address