The government has announced plans to commence payments to road contractors this month, a move aimed at reviving stalled projects and bolstering the country’s economic recovery plan.
President John Dramani Mahama disclosed this during a meeting with members of the Council of State at the Presidency, emphasizing that the Ministry of Finance has allocated funds to offset a substantial portion of the outstanding debts.
“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,” President Mahama stated.
He underscored the Minister for Finance’s commitment to prioritizing these payments as part of broader efforts to accelerate the completion of vital infrastructure projects.
He assured that further details regarding the payments and their scope would be captured in the upcoming mid-year review of the budget statement, which would provide an update on the economy’s performance over the first half of the year.
President Mahama pledged that the government would consult with the Council of State following the presentation of the mid-year budget review to discuss the administration’s performance and progress over the past six months.
This development is expected to bring relief to contractors who have been awaiting payments for their work, and is seen as a significant step towards revitalizing the country’s infrastructure development and economic growth.
Phalonzy🖊️
0272626466
