The Chief Executive Officer of Hi Limit Group, Mr. Emmanuel Larbi, has hinted that approximately 440 communities in the Northern region are set to benefit from the construction of multi-purpose dams within the next three years.
During a period of relative silence surrounding the project, Mr. Larbi explained that his organization was actively mobilizing funds for its successful execution.
With a substantial investment totaling USD$6.3 billion, the Hi-Limit Group, as the developer, in collaboration with the Government of Ghana as the facilitator, has
now secured the necessary resources, paving the way for the project to
commence.
“With a total Investment of USD$ 6.3 billion, the Hi-Limit Group as
developer and the Government of Ghana as facilitator, now secured, the project
is ready to kickstart.
This ambitious endeavor stands as the most significant investment in the
five Regions of the North, encompassing the construction of 440 integrated dam
units across these regions. Each of the 44 selected districts will benefit from
the installation of ten units.
The far-reaching impact of the project is anticipated to play a pivotal role
in transforming the economy of the Northern regions, potentially generating
about 2.6 million direct and indirect jobs.
He said it would hopefully help transform the economy of the Northern regions since it was estimated to create about 2.6 million direct and indirect jobs.
“It will potentially contribute to the objective of food security, Climate Change Mitigation, Jobs Creation, and Economic Empowerment of farmers and value chain actors as well as National Economic Transformation,” Mr Larbi added.
Moreover, it aims to address crucial objectives such as achieving food security, mitigating the effects of climate change, fostering job creation, and economically empowering farmers and various actors within the value chain. Ultimately, this transformative initiative seeks to drive national economic development and prosperity.
The One Village One Dam Policy, which operates under the Infrastructure for Poverty Eradication (IPEP) Programme, specifically targets the improvement of agriculture, renewable energy, and rural electrification development within the region.