{"id":61463,"date":"2014-11-03T06:43:18","date_gmt":"2014-11-03T06:43:18","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=61463"},"modified":"2014-11-03T06:53:52","modified_gmt":"2014-11-03T06:53:52","slug":"over-ghc300m-oil-cash-used-for-road-projects-piac","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=61463","title":{"rendered":"Over GHc300m oil cash used for road projects \u2013 PIAC"},"content":{"rendered":"

About GH\u00a2 372.07 million from Ghana\u2019s oil revenue cash in 2013 was spent on road projects, according to a report by the Public Interest and Accountability Committee (PIAC).<\/p>\n

According to the PIAC report, about 68% of the Annual Budget Funding amount (ABFA) was channeled into the road sector for the construction of roads and other related projects.<\/p>\n

“The road sector benefited the most from the funds allocated from ABFA in 2013 but none of these projects was completed in the year,” declared the report.<\/p>\n

Out of a total of US$846,767,184 (GHc1, 645,585) made from the oil revenue<\/a><\/strong><\/span> about US$726.7 million (39.66%) was channeled into Ghana\u2019s ABFA.<\/p>\n

[contextly_sidebar id=”8J03vDJoJmGL7sKC17Bh7EZPXxeMEzzw”]Despite the revelations in the report, Ghanaians have complained about bad road networks that have bedeviled the nation.<\/p>\n

Recently, Citi News<\/strong> Western Regional Correspondent reported that bad road network in\u00a0Mumuni town<\/a><\/strong><\/span>\u00a0\u00a0 in the Western Region has trapped hundreds of bags of cocoa beans.<\/p>\n

Residents of Kumbugu in the Northern Region also emabarked on a demonstration\u00a0over the bad road networks in the district<\/a><\/span><\/strong>.<\/p>\n

Despite the huge sums of money made from toll booths and other grants in the country, most roads continue to be in very bad conditions.<\/p>\n

Meanwhile, government is yet to complete the Accra-Kumasi road after several years of construction.<\/p>\n

In July 2014, residents of Manhean in the Ga West Municipality in Accra also demonstrated over the bad nature of their roads<\/a><\/strong><\/span>.<\/p>\n

The Ministry of Roads and Highways in September\u00a0 assured that the deteriorating roads in the country will see massive improvement once the rains stop<\/a><\/strong><\/span>.<\/p>\n

\"bad<\/a><\/p>\n

PIAC however recommended that “government should ensure that allocations of the ABFA to road and other infrastructure projects are prioritized to make a meaningful impact in the budget year in which such allocations are made in order that such projects may be completed in a much shorter period of time to avoid any cost ecalations.”<\/p>\n

The report also stated that about GH\u00a2137.92(25.4%) was used for amortization of loans, GH\u00a218million (3.7%) for Capacity Building and GH\u00a213.60 million (2.5%) for agricultural modernization.<\/p>\n

–<\/p>\n

By: Godwin Allotey Akweiteh\/citifmonline.com\/Ghana<\/p>\n

Follow @AlloteyGodwin<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

About GH\u00a2 372.07 million from Ghana\u2019s oil revenue cash in 2013 was spent on road projects, according to a report by the Public Interest and Accountability Committee (PIAC). According to the PIAC report, about 68% of the Annual Budget Funding amount (ABFA) was channeled into the road sector for the construction of roads and other […]<\/p>\n","protected":false},"author":24,"featured_media":25677,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[38],"class_list":["post-61463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-palaver-newspaper"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/61463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61463"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/61463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/25677"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}