2024 Mid Year Budget Year: Ghana invests almost GHC10 billion in the road sector to boost growth- Mohammed Amin Adam

The government of Ghana has committed nearly GHC10 billion to the road sector since January 2024, aiming to enhance transportation infrastructure and stimulate economic growth. Finance Minister Dr. Mohammed Amin Adam disclosed this investment during his presentation of the Mid-Year Budget Review to Parliament on Tuesday, July 23.

Dr. Adam emphasised that this substantial financial commitment is intended to support and improve transportation networks across the country, fostering economic development. “We have invested almost 10 billion Ghana cedis in the road sector since January 2024 to enhance transportation and spur growth,” he stated.

In addition to funding, the government has procured new equipment to aid local authorities in upgrading community roads nationwide. This initiative reflects the administration’s commitment to improving local infrastructure and supporting regional development efforts.

Several key road projects are currently underway, according to Dr. Adam. These include the Ofankor-Nsawam Road, the Keta Water Supply project, the Obetsebi Lamptey and Flower Pot Interchanges, three bypasses on the Kumasi-Accra Highway, and the Tema Mpakadan Railway Line. These projects are designed to ease transportation, reduce travel time, and enhance connectivity across the country.

Dr. Adam also highlighted the government’s progress in other infrastructure projects. The completion of the Prempeh II International Airport in Kumasi and the Yakubu Tali International Airport in Tamale marks significant milestones in enhancing Ghana’s aviation infrastructure. Additionally, the Agenda 111 hospital initiative is advancing, with the Afari Hospital in Kumasi and several other facilities nearing completion.

“These infrastructure investments are crucial for driving economic growth and improving the quality of life for Ghanaians,” Dr. Adam asserted. “We are committed to continuing our efforts to build and enhance infrastructure that supports sustainable development and fosters economic resilience.”

The Finance Minister’s update underscores the government’s focus on infrastructure as a vital component of its broader economic strategy, aiming to bolster connectivity, support economic activities, and improve public services across Ghana.