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The government has announced plans to begin road infrastructure development in the second half of the year, for a total of three billion cedis. Road projects are expected to have a major national boost to the resumption of cocoa road projects.
It will be recalled that the cocoa road projects were interrupted for verification and redefinition of the scope and for an appropriate alignment of the funds necessary for their execution.
Mr. Kojo Oppong Nkrumah, the Minister of Information, announced this information at a press conference in Accra on Sunday.
He added that once the audit was completed, some road projects were stopped and others redefined, while others were outsourced to relevant agencies, such as Highways and Urban Roads, to run them.
He added that funds are now available to start these projects, with the badurance that contractors will be paid for the work done.
He said more than three billion cedis of cocoa routes are expected to start under the new program in cocoa producing areas across the country. Other road projects financed by the budget and the central government road fund are expected to resume during the year, he said.
He added that LEKMA and other roads had already been contracted with contractors already mobilized on the site.
Ken Ofori-Atta, the Minister of Finance, will review the mid-year budget on July 29. Among other things, it will focus on increasing government revenues to fund outstanding coordinated social and social development programs. economic policies.
Mr. Nkrumah said that the 1992 Constitution required each administration to prepare a coordinated program of social and economic policies with which it would govern.
He stated that the annual budget program was intended to finance and execute part of this program each fiscal year.
He added that, although the Administration believes it is meeting its commitments to Ghanaians, the mid-term review of the budget would allow it to take a second look at the income available for the implementation of remaining programs, including infrastructure development.
The minister said revenue mobilization, highlighted in the 2019 budget, would remain a key element of the mid-term review. This, he said, was aimed at ensuring that the government mobilized sufficient resources to fully respect the remaining commitments.
"It is heartening to see the vigor with which Ghanaians responded to the president's call to be citizens and not spectators, and therefore notes that the government must resolve some national issues diligently.
"We hope this same vigor will translate into our revenue mobilization efforts to ensure the full funding and execution of outstanding programs," said the Minister.
Oppong Nkrumah said that the government has already begun efforts to reduce some of the avoidable expenses, among which the main one is the ongoing work on reducing capacity charges for electricity that we have not consumed.
He added that the government hoped that reducing avoidable expenditures while increasing revenues would create more fiscal space to fully fund and execute the outstanding programs under the medium-term expenditure framework.
Source: GNA
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