Ghana's Ambitious $21.5 Billion Railway Project - Set to Change The Face of The Country!
Channel: TR MEDIA
Date: 2022-10-09

#ghana #ghananews 
Countries all over the world recognize the importance of an effective rail network. Ghana is well aware of its intrinsic worth. Railroads have the ability to improve transportation, income, infrastructure, development, productivity, and trade in a favorable way. A well-functioning network can aid intercontinental and international trade, with far-reaching macroeconomic repercussions. Ghana's government believes that investing in railway infrastructure will accelerate the country's economic development. Ghana uses a lot of petroleum per person because 96 percent of its transportation is by road. Trains can reduce the cost of transportation for both people and cargo, lowering the cost of goods. Trains may help to reduce poverty by connecting communities, integrating the labor force and products markets, and providing individuals with extra opportunities. Farmers can increase their profits by purchasing cheaper agricultural supplies with the help of a broad route. It can also assist avoid food waste when harvests aren't transported to markets in a timely manner. Market integration can be achieved by connecting communities via the railroad, resulting in significant gains. Railway lines will lower transportation costs for many manufacturing companies, allowing them to profit from export markets. Crop production, which is a labor-intensive field, will attract more farmers and other investors. As a result, crop-producing villages will experience rural growth and urbanization, soon transforming into trading towns with railway stations.

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