President John Mahama has revealed that payments for outstanding debts owed to road contractors will begin this month.
The announcement was made during a meeting with members of the Council of State at Jubilee House on Monday, July 7.
According to the President, the Ministry of Finance has set aside funds specifically to clear a significant portion of these debts. This move is expected to enable contractors to return to stalled sites and resume work on critical infrastructure projects.
President Mahama emphasized that the Finance Minister is prioritizing these payments as part of the government’s broader strategy to accelerate project completion and support economic recovery.
Details about the payments and their overall impact will be outlined in the upcoming mid-year budget review, which will assess the economy’s performance in the first half of the year.
He also assured the Council of State that following the budget review presentation, the government will meet again with the council to discuss progress and performance.
Source: Kwame Anum| Contributor
