MINISTRY OF FINANCE APPROVES GHC1.6BILLION FOR ROAD PROJECTS

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Ken Ofori-Atta, Finance Minister

The Ministry of Finance has conditionally, approved a multi-year funding commitment of some GH¢1.6billion for the commencement of 14  road projects over the medium term.

The move to approve the projects, would see reconstruction, rehabilitation and upgrading of road networks, spanning 381.3 Kilometres (km) across the Ashanti, Brong Ahafo, Eastern and the Northern Regions of Ghana.

In a letter to the Ministry of Roads and Highways signed by the Minister of Finance, Ken Ofori-Atta, at the disposal of the eveningmailgh.com, it stated that in line with section 33 (1) of Ghana’s Public Financial Management (PFM), (Act 921), conditional approval is hereby granted to commit a total sum of GH¢1,560,551,812.33, for the commencement of 14 road projects over the medium term.

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Information on Projects

The letter directed the Ministry of Roads to provide the yearly breakdown of the budget requirements for each of the projects starting 2019 and detailed information on all ongoing road projects, including contract sum, source of funding and value of works certified, paid and outstanding as at 31st May, 2019 to the Finance Ministry by 15th July  2019.

Roads to be worked on

Some of the projects to be worked on are the reconstruction of the Osiem-Begoro road – 24.80km, Kwabeng-Abomosu-Asuom road, 41.40km, the up-grading of the Anwiankwanta-Obuasi road-30km and the Mampong Kofiase road-14km.

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The rests are the reconstruction of the Kwabeng Akropong road and the Akropong Town roads-23.3km, upgrading of the Nsuta-Beposo road-7km, upgrading of Kwadaso-Trabuom road-30km, rehabilitation of Adankrono-Kade-New Abremm road (Lot1)-21km, and the rehabilitation of Adankrono-Kade-New Abremm road (Lot2)-22.4km.

Others are the upgrading of the Atronie-Mim road-17km, the reconstruction of the Asuom-Subi-Kade road-22km, and the reconstruction of the Akropong-Pramkese-Adankrono road-27.2km, as well as the upgrading of the Odumasi-Adenta-Badu road-30.2km.

Funding

“The multi-year commitment for the Ministry of Roads and High Ways, would be funded through the medium term budgetary allocation 2019 and 2023.” the letter said.

Adherence to laws

 The Ministry of Finance has also requested the Ministry of Roads and Highways, to submit all projects contracts for inclusion, in the medium term Expenditure Framework urging the Ministry of Roads to strictly adhere to all procurement processes as enshrined in the Public Procurement (Amendment) Act 2016 (Act 914).

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Source: https://eveningmailgh.com

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