• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Wednesday, May 25, 2022
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Promise to pay 80% debt owed road contractors ‘great news’ – Dr. Adu Sarkodie

Nerteley NetteybyNerteley Nettey
November 14, 2019
Reading Time: 2 mins read
ShareShareShareShare

An economist and research fellow with the Institute for Fiscal Studies (IFS), Dr. Adu Owusu Sarkodie has stated that government’s indication to pay 80% of debt owed road contractors is not ambitious.

According to him, it is a good idea once government will be fiscally disciplined and work within the budget and not overrun it’s expenditure especially as we enter the election year.

“I don’t know how much each contractor is owed but again the capital expenditure from which we will get the monies for roads construction has been increased so, if per the minister’s calculation with the increment they are able to pay contractors then it is a great news,” he said.

“We want our roads to be fixed. The government has done very well with social intervention programs so, if they are able to add the investment expenditure bit to it, I think the growth rate will pick up and I am not sure it is too ambitious with what we are seeing,” he added.

Government has pledged to pay 80 percent of all debt owed road contractors in the country to get them to return to site and resume work.

The Finance Minister, Ken Ofori-Atta announced this during the delivery of the 2020 Budget statement and Economic Policy in parliament on 13th November, 2019 stating that government will focus on fixing the country’s roads in 2020 and beyond.

In the wake of nationwide protests over bad roads, Ken Ofori-Atta tagged 2020 as the “The Year of Roads”.

“Mr. Speaker with this large number of roads to be constructed, the year 2020 can aptly be described as “The Year of Roads” along with a focus on all our flagship programmes,” he stated.

Sinohydro deal

On 18th November 2018, Vice President Dr Mahamadu Bawumia cut the sod for four projects to begin under the $2 billion Sinohydro deal.

The deal between Ghana and China is meant to facilitate the construction of a number of infrastructural projects in Ghana.

The first four projects under Phase 1 of the Sinohydro deal or Sinohydro Master Project Support Agreement are the Tamale Interchange, Prestea and Cape Coast Inner City Roads, the upgrade of selected feeder roads in the Ashanti and Western Regions, and the Hohoe-Jasikan-Dodo Papesu roads.

President Nana Akufo-Addo is hoping the construction and rehabilitation of inner-city roads of Accra and Kumasi will begin in 2020 as part of the deal.

ShareTweetSendSend
Previous Post

No potholes on roads in 2020 – Adu-Boahene assures

Next Post

Newspaper Headlines: Thursday, November 14, 2019

Related Posts

Top Stories

Roads Committee chair, Ranking Member disagree on Gov’t claims on constructed roads

April 5, 2022
IMANI Africa President, Franklin Cudjoe
Top Stories

Back and forth over roads constructed an exercise in futility – Franklin Cudjoe

April 2, 2022
Top Stories

Akufo-Addo was misled on 10,875 km of new roads claim – Sam George

April 2, 2022
Minister for Roads and Highways, Kwesi Amoako Atta
Top Stories

10,875 km of roads constructed under Nana Addo includes unpaved ones – Roads Ministry

March 31, 2022
Top Stories

I’ll resign as MP if gov’t provides data on 10,875 km of roads – Agbodza

March 31, 2022
Tamale interchange is one of the Sinohydro projects
News

Sinohydro deal: We’ve accessed over $100m; ignore contrary claims – Presidency

March 31, 2022
Next Post

Newspaper Headlines: Thursday, November 14, 2019

TOP STORIES

NPA fines 7 petroleum service providers almost GH¢3 million

May 25, 2022

Afienya: 12-year-old boy reportedly drowns in Dortsedor river

May 25, 2022

Polio virus discovered in samples of water in Sagnerigu municipality

May 25, 2022
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT