Skip to main content

Road Fund carries forward over GHc230m indebtedness – Minister

The deputy minister of Roads and Highways says the Ghana Road Fund has carried forward an indebtedness of Ghc230.86 million from last year to this year.

Mr. Isaac Adjei-Mensah also indicated that the government is considering a public/private partnership arrangement in funding road maintenance and would be more responsive to the rehabilitation of deplorable roads in the country.

The move, he noted, was due to the fact that 40 percent of road networks were not attended to annually due to insufficient funds.

In addition, the fund, which is mandated to finance routine and periodic maintenance of roads in the country, carried forward an indebtedness of Ghc230.86 million from last year to this year, he said.

The Deputy Minister of Roads and Highways, made this known at a forum organized by the Management of Ghana Road Fund in Takoradi.

He said the government would adopt Build, Operate and Transfer (BOT) arrangement with private corporate entities in order to fast-track road maintenance and accelerate national development.

Mr Francis Dogbey, Acting Chief Director of the Ghana Highway Authority, said good road networks would significantly reduce the cost of vehicle operations.

“When we have good road networks, the cost of vehicle operation will reduce three times and that will ensure efficiency and mobility of both human and vehicular traffic,” he said.

He urged utility companies to desist from cutting through roads to lay their cables underground since that practice often deteriorates conditions of roads in the country.

The Acting Regional Road Maintenance Engineer, Mr. John Owusu Duah, mentioned some roads that are being rehabilitated as Tarkwa Government Hospital road, Shama town roads, Sankor/Cape Three Points road, Bodi town roads, Sekondi/Takoradi arterial roads and Benchema/Osei-Kojokrom road.

He added that there were other routine maintenance of some feeder roads in some districts in the Region including Jomoro, Ellembelle, Mpohor and Wassa Amenfi.

The participants appealed to management of the Road Fund to ensure judicious use of the Fund.


Credit: GNA

Comments

Popular posts from this blog

Akuapem-Apirede to promote tourism

By: Fred Yaw Sarpong sarpong007@gmaail.com
The Chiefs and people of Akuapem-Apirede in the Okere Constituency of the Akuapem North Municipality have put in place strategic plans to promote tourist sites in the town.
Apiredehene, Nana Saforo Okoampah III told the Daily Express that their vision is to develop Apirede in a modern way.
“We want to have a modern society and environment. We are doing this on the basis of promoting tourism here,” he added.
According to the Apiredehene, it’s their plan to promote the historic sites and the geographical location of the community.
Apirede is one of the 17 towns that forms the Akuapem State and historically, it used to house the armours of the Akuapem State. The community is part of the Nifa division of Akuapem.
He stated that one of those things was called ‘Odosu’ (the war god for Okuapemhene). “The Chief Executioner in those days for Akuapem also came from Apirede and items that he used were also kept here,” he stated.
“These are a lot of things …

Ghana to benefit from oil spill fund

By: Fred Yaw Sarpong

Ghana as crude oil importing country will benefit from the International Oil Pollution Corporation Fund if the country witnesses oil spill at its ocean.

“The fund is a global fund and it’s meant for the countries that import crude oil. The fund is voluntary but Ghana through the Tema Oil Refinery (TOR) contributes annually on behalf of Ghana,” Mr. Kojo Agbenor Efunam, the Deputy Director in charge of oil and gas at the Environmental Protection Agency (EPA) told the Daily Express.

He explained that the fund is mostly for crude oil importing countries but not those into production and exportation.

Mr. Efunam further explained that once Ghana is part of the fund, anytime there is an oil spill involving an oil tanker on the seas of Ghana, the country can apply for the fund to solve any problem resulting from the spillage.

“If the incident does not involve a tanker the country does not benefit. But if the incident involves a tanker the country applies for the fund,” he ment…

PFM Act to guide local government authority borrowing

By: Fred Yaw Sarpong
The bill, Public Financial Management (PFM) Act 921 which has been passed into law by Parliament is to guide public institutions especially the local government authority borrowing. The law was pass on 3rdAugust, 2016
According to the law, local government authority, a public corporation or state-owned enterprise is liable for the debt and other obligations without recourse to Government, unless otherwise explicitly guaranteed by Government in accordance with this Act.
Madam Eva Esselba Mends, the Chief Economic Officer and Group Head of PFM at the Ministry of Finance told the Daily Express that the law involves a lot but it also give instruction to how state institutions can borrow especially with the  local government authority.
She mentioned that there is no specific law in place that gives direction as to what local authority can do when it comes to borrowing by the authority. Other public corporations sometimes borrow with huge amount for their operation but loca…