• Contact US
  • Advertise With US
  • Privacy & Policy
  • Submit Station
Thursday, October 23, 2025
Kumasi Mail
Advertisement
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    Ghana’s 9th Parliament officially inaugurated

    Parliament halts reintroduction of Anti-Gay Bill after advertisement error

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

    Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Richard Ofori Agyeman Boadi, KMA BOSS

    KMA orders removal of unauthorized structures and billboards ahead of road project

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    Education Minister reaffirms Mahama administration’s commitment to strengthening ‘No Fees Stress’ policy

    GES warns schools against unauthorised PTA levies

    Baffoe-Bonnie’s Vetting: The countdown to Ghana’s next Chief Justice

    Baffoe-Bonnie’s Vetting: The countdown to Ghana’s next Chief Justice

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    Ghana’s 9th Parliament officially inaugurated

    Parliament halts reintroduction of Anti-Gay Bill after advertisement error

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

    Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Richard Ofori Agyeman Boadi, KMA BOSS

    KMA orders removal of unauthorized structures and billboards ahead of road project

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    Education Minister reaffirms Mahama administration’s commitment to strengthening ‘No Fees Stress’ policy

    GES warns schools against unauthorised PTA levies

    Baffoe-Bonnie’s Vetting: The countdown to Ghana’s next Chief Justice

    Baffoe-Bonnie’s Vetting: The countdown to Ghana’s next Chief Justice

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
Kumasi Mail
No Result
View All Result
  • Home
  • News
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
Home News

Roads Minister-designate warns of GH₵15 billion debt crisis in Infrastructure sector

Kumasi Mail by Kumasi Mail
January 20, 2025
in News
0
Roads Minister-designate warns of GH₵15 billion debt crisis in Infrastructure sector

Roads and Highways Minister-designate, Kwame Governs Agbodza

Share on FacebookShare on Twitter

The Roads and Highways Minister-designate, Kwame Governs Agbodza, has raised concerns about a deepening financial crisis in Ghana’s road infrastructure sector, citing a mounting debt of GH₵15 billion and calling for urgent reforms to ensure financial sustainability.

Speaking during his vetting before Parliament’s Appointments Committee on Monday, January 20, 2025, Mr. Agbodza revealed that the government owes contractors approximately GH₵3 billion in certified payments, with accumulated arrears contributing to the worsening debt situation.

The Minister-designate highlighted the economic toll of delayed payments, noting the additional burden of accruing interest on outstanding debts, which has further destabilized the sector.

Providing an overview of the crisis, he pointed out that GH₵113 billion was allocated to road projects in 2018, with GH₵665 million set aside for interest payments. He described the current financing model as unsustainable, noting that contractors are forced to rely on high-interest loans to complete projects, only to face delayed reimbursements.

“This cannot continue. Contractors operating under these conditions are not only financially constrained but also demotivated,” Mr. Agbodza warned.

Mr. Agbodza outlined a series of proposed reforms aimed at improving the financial stability and operational efficiency of the sector. These include optimizing the overleveraged Road Fund and fostering greater collaboration among contractors, auditors, and government agencies to enhance transparency and ensure efficient resource allocation.

“It’s imperative to align expenditure with actual revenue. Overcommitting funds erodes confidence and disrupts progress,” he stressed, advocating for a strategic focus on fewer, high-impact projects rather than spreading resources thinly across numerous initiatives.

Touching on the political dynamics of road project allocations, Mr. Agbodza called for bipartisan cooperation, emphasizing that infrastructure development is a shared national responsibility.

“This is not about NDC or NPP. Roads impact all communities, and how we manage them demonstrates our collective commitment to national development,” he remarked.

He also proposed a reassessment of ongoing projects to ensure that resources are directed toward initiatives with the highest potential impact.

Reaffirming his commitment to building a sustainable and equitable road infrastructure sector, Mr. Agbodza emphasized the need to minimize financial waste while ensuring value for money.

“The partnership between government and contractors is critical, and we must ensure that every cedi spent delivers real value for Ghanaians,” he stated.

Source: www.kumasimail.com

Tags: Kwame Governs AgbodzaMinister-designatetopstory
ShareTweetSend
Previous Post

Tension rising in Kroboland over six-month water crises, Krobo Youth Groups Petition PURC

Next Post

No contract exists for E-Gate at Kotoka International Airport – Agbodza

YOU MAY LIKE

Ghana’s 9th Parliament officially inaugurated
News

Parliament halts reintroduction of Anti-Gay Bill after advertisement error

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General
News

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering
News

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining
News

Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

Krofrom Market files sealed- KMA promises revelation “in due course”
News

Krofrom Market files sealed- KMA promises revelation “in due course”

Next Post
No contract exists for E-Gate at Kotoka International Airport – Agbodza

No contract exists for E-Gate at Kotoka International Airport – Agbodza

Eduwatch congratulates Education Minister-Designate Haruna Iddrisu for demonstrating humility

Minister of Education nominee Haruna Iddrisu proposes policy reforms to address food procurement in Schools

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

Ghana’s 9th Parliament officially inaugurated

Parliament halts reintroduction of Anti-Gay Bill after advertisement error

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

Krofrom Market files sealed- KMA promises revelation “in due course”

Krofrom Market files sealed- KMA promises revelation “in due course”

Richard Ofori Agyeman Boadi, KMA BOSS

KMA orders removal of unauthorized structures and billboards ahead of road project

Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

Education Minister reaffirms Mahama administration’s commitment to strengthening ‘No Fees Stress’ policy

GES warns schools against unauthorised PTA levies

Baffoe-Bonnie’s Vetting: The countdown to Ghana’s next Chief Justice

Baffoe-Bonnie’s Vetting: The countdown to Ghana’s next Chief Justice

Foreign Affairs Minister engages US, Canada officials on Visa arrangements for Ghanaian football fans ahead of World Cup

Foreign Affairs Minister engages US, Canada officials on Visa arrangements for Ghanaian football fans ahead of World Cup

  • Trending
  • Comments
  • Latest
52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Asokore Mamponhene Nana Boakye Ansah passes away

Asokore Mamponhene Nana Boakye Ansah passes away

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

Hello world!

1
NCA promises lower data prices by year-end

NCA promises lower data prices by year-end

1
COVID-19: Information Ministry justifies GHC150K spent on staff

COVID-19: Information Ministry justifies GHC150K spent on staff

1
EC to conduct mop-up registration August 1-3

EC to conduct mop-up registration August 1-3

1
Ghana’s 9th Parliament officially inaugurated

Parliament halts reintroduction of Anti-Gay Bill after advertisement error

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

Facebook Twitter Youtube Instagram
Kumasi Mail

About US

Advertise With US

Submit Station

© 2024 KumasiMail.com