Ghana Headlines News

Hungary Supports Ghana

As part of Government’s commitment to fulfill its railway expansion project, Hungary’s Minister for Foreign Affairs and Trade, His Excellency, Peter Szijjarto has pledged to ensure cooperation between his government and Ghanaian companies to help develop the railways sector.

According to him, credit lines of 140 million euros were available for Ghanaian businesses for joint venture projects with a minimum of 50 per cent Hungarian participation.

Last Friday in a meeting with Ghana’s Minister for Railway Development, Honourable Joe Ghartey, Peter Szijjarto revealed the Hungarian government had offered 100 scholarships to Ghanaian students for training in Hungary, to strengthen their expertise in the railway sector .

He said Hungarian companies have expertise in several areas relevant for running an efficient and effective railways sector including technology, security and safety.

Commending Honorable Joe Ghartey and his government, for the initiative to expand Ghana’s railway network, Peter Szijjarto revealed his government, with similar agenda had taken a number of bold decisions including reducing corporate taxes to 9 per cent, which had led to a number of major corporations setting up in Hungary.

Briefing the Hungarian Minister, on his part, particularly on government’s agenda to developing modern railway network, Hon Joe Ghartey, explained that as part of the first phase, the Akuffo Addo’s government was focusing on the Western Line from Sekondi Takoradi to Kumasi, the Eastern Line from Accra /Tema to Kumasi and the Central Spine from Kumasi to Paga.

The Hungarian Minister was also briefed on the Tema to Akosombo Line and steps so far taken to construct a railway line from Accra to Ouagadougou.