UPDATE: GH¢10 Billion Boost for Roads: Mid-Year Budget Review Reveals Significant Investment
- Government invested approximately GH¢10 billion in the road sector
- This investment aims to enhance transportation growth
- Dr. Adam highlighted progress on various projects
Finance Minister Dr. Mohammed Amin Adam announced that the government has invested approximately GH¢10 billion in the road sector since January 2024.
This investment aims to enhance transportation and stimulate economic growth. Additionally, the government has acquired equipment to support local authorities in improving community roads nationwide.
During the 2024 mid-year fiscal review in Parliament, Dr. Adam highlighted progress on various projects, including:
- Komfo Anokye Teaching Hospital
- Ofankor-Nsawam road
- Keta Water Supply
- Obetsebi Lamptey and Flower Pot interchanges
- Kumasi-Accra Highway by-passes
- Tema-Mpakadan Railway Line
- Prempeh I International Airport in Kumasi
- Yakubu Tali International Airport in Tamale
- Agenda 111 Hospitals
The government has also invested GH¢135 million in the National Identification Programme since January 2024 to advance digitalization and expand the unique identification system.
Dr. Adam emphasized the government’s commitment to fiscal consolidation, prudent expenditure management, and revenue mobilization. He also announced plans to:
- Increase investments in the roads sector under the Economic Roads Improvement Programme (ERIP)
- Prioritize critical economic roads
- Collaborate with the private sector to address the national housing deficit and optimize land use
- Utilize Public Private Partnership (PPP) for public infrastructure projects
Furthermore, the government has approved an additional GH¢1.5 billion to settle outstanding claims related to financial management companies and establish a framework for reintroducing Road and Bridge Tolls in 2025.
