READY FOR OCTOBER’S ROADSHOW? GHC2.2 BILLION TO BE RELEASED FOR MASSIVE ROADWORKS ROLLOUT Featured

Information seen by the Daily Statesman shows that the Ministry of Finance will release at least GHC2.2 billion to the Ministry of Roads and Highways on Friday.

 

The month of October is therefore expected to witness a great deal of action on many roads in Ghana which need urgent attention.

The money will be used to pay road contractors for work done, as well as mobilisation fees for contractors to go to site to begin massive construction work.

Each of the 16 regions of Ghana will benefit from these projects, starting this month.

Our checks show that the bulk of the money will go towards urban roads and highways, with Greater Accra and Ashanti expected to be the main beneficiaries.

The Daily Statesman is also reliably informed that the release of the GHC2.2bn “is just the beginning”, as a further investment of over GHC1bn is expected to follow soon to tackle rural roads.

Contractors settled

Over 1,000 contractors who are owed GHC1 million or less are expected to receive full payment for work they have done. The money being made available will cover even those claiming up to GHC5m.

“The government is negotiating with the big contractors to pay at least between 40 and 60 per cent of the debt owed them,” a source at the Ministry of Finance told the Daily Statesman yesterday.
“Those ready for mobilisation to go back to site are most likely to be favoured.

October roadshow

“A lot is going to happen in this month of October in the road sector. Between now and the next quarter, the government will pump as much as GHC3bn into the road sector for massive construction work.
“And it will be done in such a way that each of the 16 regions will get a project. No region will be left out,” our source said.

The road projects to start in October will be completed outside the Sinohydro arrangement. “This means some $2m more could be channelled into road projects,” our source said.

The Daily Statesman can also report that the Eastern Corridor road is expected to witness significant work before November.

Prompt pay

The Mahama-led NDC government left arrears of over GHC2 billion in the roads sector, having awarded many contracts without any corresponding funding.

Even as it clears these arrears, the Akufo-Addo government “is finding money before giving out road contracts”.

The government’s plan is to ensure prompt payment once contractors have executed a project.

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2 comments

  • G. A. Donkor
    Comment Link G. A. Donkor Friday, 11 October 2019 14:22

    Dear Editor. The Veep said 1000 contractors, including Road Fund Contractors are going to be paid. The narrative seem to be changing. Doesn't that makes the Veep a lier?

    Report
  • G. A. Donkor
    Comment Link G. A. Donkor Friday, 11 October 2019 14:21

    Dear Editor. The Veep said 1000 contractors, including Road Fund Contractors are going to be paid. The narrative seem to be changing. Doesn't that makes the Veep a lier?

    Report

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