Eyewitness News.<\/strong><\/p>\nHe further indicated that, the Ministry only receives GH\u00a2 1.2 billion from the Road Fund every year.<\/p>\n
Karbo pointed out that, due to the relatively low amount they receive annually, the Ministry is considering other sources of funding for road projects.<\/p>\n
\u201cThe amount of money we are getting from the Road Fund is woefully inadequate to kick start the road sector the way we want to. There are lots of various arrangements we are looking at currently, BOT arrangements, PPP arrangements, and some soft concessionary loans that we can tap into so we can expand the road network because they are quite critical,\u201d Anthony Karbo said.<\/p>\n
According to Karbo, the debts in the sector would have to be retired before any landmark project can be efficiently undertaken<\/p>\n
\u201cNothing seems to be happening also because of what we came to meet. We are not crying over spilt milk. We know there was a problem and that is why the Ghanaian people gave Nana Akufo-Addo this overwhelming mandate.”<\/p>\n
\u201cThe major projects we intend to do are capital intensive and involves a lot of money, so if we don\u2019t retire the debts we\u2019ve met, they are going to be difficult. There are also contractual agreements, the more you delay in resolving the debts, you have delayed payments on interests, and all these things go to shore up the money governmentt has to retire these debts,\u201d he added.<\/p>\n
Anthony Karbo also suggested that, the country\u2019s tolling arrangements be reviewed, as the rates had not been adjusted for\u00a0sometime.<\/p>\n
\u201cWe need to look generally at the tolling arrangements we have in our country. For the last nine years, we haven\u2019t adjusted the price of tolls in the country which is a very sensitive issue. But at the same time people would\u00a0want to see good roads before they pay more tolls.\u201d<\/p>\n
\u2018Road fund coffers empty\u2019<\/strong><\/p>\nA Deputy Minister of Roads, Kwabena Owusu Aduom, had earlier stated that the Ghana Road Fund is depleted such that it will take about 10 years to pay for already awarded contracts.<\/p>\n
According to the Deputy Minister, the situation was worsened by the former government\u2019s decision to award numerous road contracts in the last quarter of its administration.<\/p>\n
–<\/p>\n
By: Marian Ansah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Government’s inability to fully embark on road projects is as a result of the huge debt left behind by the Mahama administration, Deputy Minister of Roads and Transport, Anthony Karbo has revealed. According to him, the previous administration left close to GH\u00a2 11.6 billion debt at the Ministry. [contextly_sidebar id=”F8Zp2XD4XZbNyxaQQ0ARE6wfvHtn2Syo”]\u201cThe debt overhang in the Ministry […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,11],"tags":[1825,3,10682],"yoast_head":"\n
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