The government has approved a
multi-year funding of more than GHȻ1.56 billion for the construction of
fourteen road projects across the country over the medium term.
The Ministry of Finance in a
press statement issued by the Public Relations Unit in Accra yesterday said the
approved projects would see the reconstruction, rehabilitation and upgrading of
road networks spanning 381.3 kilometres in the Ashanti, Brong-Ahafo, Eastern
and Northern Regions of Ghana.
“The approval of the funding
commitment for the 14 projects is subject to section 33(1) of Ghana’s Public
Financial Management (PFM) Act, (Act 921), which requires a yearly breakdown of
each project as well as detailed information on all on-going projects. The PFM
Act 921 also requires a complete assessment of all projects for efficiency and
impacts,” the statement said.
It said the multi-year commitment
for the Ministry of Roads and Highways would be funded through the medium-term
budgetary allocation, covering the period between 2019 and 2023 and said the
concerned ministry “is expected to provide the required information, as
stipulated by the PFM Act, by July 15, 2019”.
The statement said apart from insisting on strict adherence to procurement processes as enshrined in the Public Procurement (Amendment) Act 2016 (Act 914), the Ministry of Finance had also requested the Ministry of Roads and Highways to submit all projects’ contracts for inclusion in the Medium-Term Expenditure Framework.https://allafrica.com/stories/201907010551.html
