Parliament has given its approval for the government to utilize all oil revenues and mineral royalties to fund the “Big Push” program, a significant road infrastructure initiative valued at GH¢13.8 billion.
The program, expected to be completed by 2028, aims to improve road networks across the country through domestic financing.
The approval follows a formal request by government for multi-year commitments to support the execution of selected road projects under the initiative.
According to the joint report of the Finance and Roads Committees, “The Committee has carefully considered the referral and is of the opinion that the request is in the right direction.”
The report also noted that Parliament had already approved the policy and its allocation in the 2025 Budget Statement, and that granting the current request would enable the government to enter into long-term contracts necessary for delivering the projects.
The committee further recommended that the House approve the request in accordance with Section 33 of the Public Financial Management Act, 2016 (Act 921), which allows for multi-year commitments under approved fiscal policies.