According to Governs Kwame Agbodza, Minister of Roads and Highways, the Ministry’s overall debt as of December 2024 is more than GH¢21 billion.
On Friday, February 28, he disclosed this information in Parliament in response to a Member of Parliament’s inquiry about the ministry’s financial situation.
His disclosure emphasizes the industry’s heavy financial burden.
Speaking on the issue, Agbodza said, “The Ministry of Roads and Highways has GH¢21 billion in total debt as of December 2024.”
This astounding sum represents unpaid invoices to suppliers, contractors, and other parties engaged in road development projects nationwide.
The government’s capacity to finance current and upcoming road projects is called into question by the debt crisis.
The information was released at a time when many residents are still very concerned about the nation’s transportation system and are calling for better road conditions.
The ministry may find it difficult to start new projects or finish ones that have stagnated as a result of the debt load.
Analysts have cautioned that road building activities may drastically slow down in the absence of immediate financial action.
More discussion in Parliament is anticipated as a result of Mr. Agbodza’s speech, with members probably pushing for measures to deal with the debt crisis.
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