7 months ago
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Former Railway Minister, Joe Ghartey has attributed the government's inability to pursue the Sky train dream to the impact of Covid-19 pandemic.
In 2018, Africa Investor Holdings Limited established the Ghana Sky Train Limited, incorporating a Special Purpose Vehicle in Mauritius for the Accra Sky Train Project's development through a Design, Build, Finance, and Operate arrangement.
It was revealed that the Ghana Infrastructure Investment Fund made a $2 million payment to acquire 10 ordinary shares in the Special Purpose Vehicle.
The Auditor General's 2021 report characterised the transaction as a net liability.
Speaking to JoyNews' Evans Mensah, the Member of Parliament for Esikado Ketan in the Western Region, Joe Ghartey, explained that the investors withdrew due to the Covid-19 pandemic.

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