Economy

Ghana accelerates economic expansion with Ghc2.8 billion investment in road development and maintenance

Parliament has given the green light to a substantial allocation of GH₵2.8 billion for road maintenance this year.

This significant investment aims to enhance the transportation of goods and services, bolstering the country’s economic growth. In 2024, a notable 43% of the country’s total roads underwent essential maintenance works, including re-shaping, gravelling, and patching of potholes.

According to Isaac Adjei Mensah, Chairman of Parliament’s Roads and Transport Committee, this allocation forms a crucial part of the government’s comprehensive resetting agenda.

Mr. Mensah highlighted the government’s inherited debt stock of GH₵105 billion under the road sector, coupled with a staggering GH₵109 billion commitment to road contractors. These arrears encompass ongoing and stalled road projects, as well as signed road contracts.

In an effort to boost revenue mobilization, the government is exploring innovative technological solutions to re-introduce road tolls.

Mensah expressed optimism about the government’s ambitious US$10 billion strategic infrastructure agenda, dubbed the “Big Push,” which promises to significantly improve road conditions across the country.

In a related development, Parliament has passed the Appropriation Bill, granting authorization to the Finance Minister to allocate public funds for various proposed programs and projects outlined in the budget.

This enables the government to access funds from the Consolidated Fund, public funds, and other related sources.

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