The government has announced plans to start paying debts owed to road contractors this month, President John Dramani Mahama revealed during a meeting with the Council of State at the Presidency on Monday.
According to President Mahama, the Ministry of Finance has allocated funds to offset a substantial part of the outstanding debts, enabling contractors to resume work on stalled projects.
This move is part of broader efforts to accelerate the completion of vital infrastructure projects and strengthen the government’s economic recovery plan.
“I’m sure that some of the contractors who have been working on your projects will be paid so that they can go back on site and continue their work”, he announced.
He emphasised that the Minister for Finance is prioritising these payments as part of broader efforts to accelerate the completion of vital infrastructure projects and strengthen the government’s economic recovery plan.
Further details regarding the payments and their scope will be captured in the upcoming mid-year review of the budget statement, which will report on the economy’s performance over the first half of the year.
President Mahama also assured the Council that, following the presentation of the mid-year budget review, the government would again consult with them to discuss the administration’s performance and progress over the past six months.