Tamale Airport in northern Ghana is set to receive a loan of $80m from KfW IPEX-Bank to support its expansion project.

The loan is guaranteed by the UK Export Finance (UKEF) agency.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The British subsidiary of QGMI, an internationally operating Spanish construction company, is serving as the contractor.

KfW IPEX-Bank said in a statement: “The Ghanaian government and the IMF have described this project as one of the most important in the country in terms of Ghana’s industrialisation.

“With this financing, KfW IPEX-Bank is supporting sustainable development in Africa and at the same time contributing to strengthening the European export economy.”

“KfW IPEX-Bank is supporting sustainable development in Africa and at the same time contributing to strengthening the European export economy.”

Commissioned by the Ghanaian government, the project will include the construction of a multi-purpose terminal.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Upon completion, the 5,000m² passenger terminal will have an annual capacity of 660,000 passengers.

Tamale Airport’s new terminal is intended to facilitate the export of agricultural products such as shea butter, cashew nuts, and mangoes.

Ghana vice-president Dr Mahamudu Bawumia said that construction work on the terminal is expected to start next month and the project would uplift the airport into a modern terminal.

The expansion project will also help the airport meet all international standard requirements.

Tamale Airport is expected to serve as an alternative airport to the Kotoka international airport and will have a maintenance hub for aircraft and other services.

The UK government pledged to provide $56m loan to support the expansion of Tamale Airport in February. The loan will enable the airport’s expansion to improve tourist access and promote economic growth.