GHANA GOVT TO RELEASE US $1BILLION TO SETTLE OUTSTANDING ROAD DEBTS
The Minister of Roads and Highways, Kwasi Amoako-Attah, has said plans are far advanced for the Ministry of Finance to release US $1billion for the ministry to pay outstanding road debts and construct new roads.
According to Amoako-Attah, the ministry has decided to collaborate with the Ghana Cocoa Board to fund all cocoa roads and pay all outstanding road debts which government, for the past three years, has spent GH¢4billion on.
The move, he said, was government’s commitment to improving the road networks in the country which has remained around 39% in good condition, 32% fair condition and 29% in poor condition over the last five years.
The minister was addressing participants at a management workshop under the theme, ‘Ghana Beyond Aid: Strategies for sustainable investment and road asset preservation,’ in Kumasi.
Amoako-Attah said because funding sources for road projects was limited, the ministry since 2017 had been embarking on a comprehensive project portfolio review to ensure that projects were rationalised and adequately funded.
He noted that, since toll booths fetched the ministry a lucrative income, the ministry would embark on a rehabilitation maintenance management project.
He indicated that, as government recognised the importance of good road infrastructure as a critical facilitator for rapid socio-economic development of the country, his administration would not deal lightly with saboteurs of road policies within and outside the ministry.
The Senior Minister, Yaw Osafo-Maafo said one of the key growth poles in the government’s socio-economic development growth agenda was the need for the country to undertake massive, urgent and comprehensive infrastructure development to expand and transform the economy.
Osafo-Maafo indicated that the current stagnated road condition was a wake-up call to the ministry since various reasons have been attributed to the situation which included overdependence on scarce public funds, delays in payments, weak contractor capacity supervision among others.
He acknowledged that, it was necessary to develop creative and innovative solutions to complement government’s efforts in sourcing for funds to construct additional roads especially in the six newly created regions.