Vice President Dr. Mahamudu Bawumia outlined a number of projects the government was embarking on.

He said, “Now to the question of what projects and programs the government has to show for the higher debt. Some loan agreements underpinning the external debt stock are listed and provide descriptions of the projects that have been, are being, or will be financed with the loans."

The projects include the Construction of a University and Related Dormitory Facilities in Somanya, Eastern Region, Pokuase Interchange, Tema-Mpakadan Railway, and the Greater Accra Sustainable Sanitation and Livelihood Improvement Project.

Read the full story originally published on April 8, 2022, by GhanaWeb

The conversation on Ghana’s rising debt stock has been of key interest to the majority of Ghanaians in recent times.

Ghana’s current debt stock stands at a staggering GH¢351.8 billion, the highest ever in the history of the country.

The current administration has added over GH¢200billion to the debt stock.

Vice President, Dr. Mahamudu Bawumia, whiles addressing the nation on the “State of the Economy” stated that government can account for the rising debt by highlighting projects that accounted for it.

He said, “Now to the question of what projects and programs the government has to show for the higher debt. Some loan agreements underpinning the external debt stock are listed and provide descriptions of the projects that have been, are being, or will be financed with the loans. The projects include:

1. Construction of a University and Related Dormitory Facilities in Somanya, Eastern Region

2. Pokuase Interchange

3. Tema-Mpakadan Railway

4. Greater Accra Sustainable Sanitation and Livelihood Improvement Project

5. Additional Financing for Sustainable Rural Water and Sanitation Project

6. Development of Kumasi Airport Phase 2- Commercial Facility Agreement

7. Development of Kumasi Airport (Phase 2)- UKEF Facility Agreement

8. Additional Financing for the Secondary Education Improvement Project

9. Upper East Region Water Supply Project

10. Savanah Zone Agricultural Productivity Improvement Project (SAPIP)

11. Polytechnics, Technical and Vocational Training Centres Upgrading Projects of Ghana

12. Rural Entreprise Programme (REP)

13. Services for the Enhancement of Nationwide Water Network Management

14. Enhancement of Road Safety- Turnkey Implementation of Photovoltaic Based Street Lighting Programme- Phase II

15. Improving Access to Quality Health Care in Western Region of Ghana

16. Obetsebi Lamptey Interchange
17. Establishing a Deposit Protection Scheme in Ghana

18. Upgrading and Enhancement of Technical and Vocational Training Centres- Phase 2

19. Ghana Transport Sector Improvement Project

20. Construction of 7 Bridges in the Northern Region of Ghana

21. Ghana Commercial Agriculture Project- Additional Financing

22. Establishment of the University of Environment and Sustainable Development project

23. Public Sector Reform for Results Project

24. Ghana Energy Sector Transformation Initiative Project

25. Financial Sector Development Project

26. Ghana Secondary Cities Support Program

27. Tourism Development Project

28. Tamale International Airport- Phase 2

29. Completion and Equipping of Bekwai District Hospital

30. Redevelopment and Modernisation of Kumasi Central Market and its Associated Infrastructure-Phase II

31. Productive Safety Net Project

32. Modernization and Equipping of Selected Health Facilities (Tetteh Quarshie Memorial, Kibi, Aburi, and Atibie Hospitals)

33. Supply of 300 sets of Global Multipurpose Mini Tractors and 220 Compact (CABRIO I and II) tractors

34. Expansion of the University of Ghana Hospital- Phase II

35. Ghana Incentive-Based Risk-Sharing System For Agricultural Lending

36. Design, Fabrication, Supply, and Installation of 50 No.Composite Bridges and Related Civil Works

37. Rehabilitation and Upgrading of Potable Water System in Yendi

38. Strengthening of Agricultural and Mechanization Services Centres (AMSECs) in Ghana

39. Execution and Completion of the Military Housing project for the Ministry of Defence

40. Overall upgrading and modernization of the vocational education system in Ghana

41. Additional Financing for the Rehabilitation and Expansion of the Bolgatanga Regional Hospital Project

42. Rehabilitation of Dome-Kitase Road Project (procurement ongoing)

43. Support to Basic Education in Five (5) Regions Project

44. First Africa Higher Education Centers of Excellence for Development Impact Project

45. Cocoa Sector Institutional Support Project (COSISP)

46. Financing of Kumasi Airport Redevelopment- Phase 3

47. Modernisation of Konfo Anokye Teaching Hospital project

48. Term Loan Facility- Integrated National Security Communication Enhancement Network Project- Phase 2

49. Integrated National Security Communications Enhancement Network Project- Phase II

50. Design, Construction and Commissioning of a potable water infrastructure Project in Tamale, Northern Region, Ghana

51. Kpong Generating Station Retrofit- Additional Financing

52. Savannah Investment Programme (SIP)



53. Strategic Climate Fund-Forest Investment Program

54. Ghana Economic Transformation Project

55. Ghana Accountability for Learning Outcomes Project

56. Greater Accra Resilient and Integrated Development Project

57. Eastern Corridor Road Development Programme- Phase 1

58. Eastern Corridor Dev't Prog. (Phase I)

59. Ghana COVID-19 Emergency Preparedness and Response Project

60. Harmonizing and improving statistics in West Africa Project (HISWA)

61. Construction of 14 Pedestrian Bridges

62. Ghana Rural Telephony and Digital Inclusion Project

63. Construction of the Takoradi Market

64. Expansion and Rehabilitation of Keta Water Supply System Project

65. Elmina Fishing Port Rehabilitation and Expansion Project

66. Design, Construction and Equipping of Eastern Regional Hospital at Koforidua- Phase 1

67. Strengthening Institutional Capacity for Domestic Resource Mobilization and Economic Mgt Proj.

68. Four (4) Constituencies (5 Districts) Water Supply Project Phase 3

69. Construction of the Tema-Aflao road Project- Phase 1

70. Streets of Accra- Phase 2

71. Engineering, procurement and construction of drinking water facilities in Wenchi

72. Rural communities and small towns water supply project- Aqua Africa

73. Self-Help Electrification Programme in Five Regions in Ghana- Phase II

74. Outgrower Value Chain Fund-Phase III

75. Ghana Jobs and Skills Project

76. Obetsebi Lamptey Interchange and Ancillary works Project- Phase 2

77. Streets of Tamale- Phase 2

78. e-Transform Ghana project- Additional Financing

79. Ghana Development Finance Project

80. Greater Accra Metropolitan Area Sanitation and Water Project- Additional Financing

81. Ghana COVID-19 Emergency Preparedness and Response Project- Additional Financing

82. Construction of 12 polyclinics in Ashanti, Eastern, Greater Accra and Ahafo Regions

83. Design, Construction, Equipping, and Furnishing of a Urology and Nephrology Centre of Excellence at KorleBu Teaching Hospital

84. Emergency Support To Rural Livelihoods And Foods Systems Exposed To Covid-19 (Esrf)

85. Construction of Paa Grant Interchange and other roads in Sekondi and Takoradi Township- Phase 1

86. Construction of Tema and Nkoranza hospitals and central medical stores in Ghana

87. Design, fabrication and supply of 89 clear-span two-lane rapid-response bridges

88. Bechem-Techiman-Akomadan and Tarkwa-Agona Nkwanta Road Project (ATI)

89. Rehabilitation and equipping of La General hospital

90. Construction and equipping of Shama District Hospital

91. Renewable Energy and Energy Efficiency Programme

92. Techiman Water Supply Project

93. Supply and Installation of Medical Equipment Project

94. Ghana Integrated Financial Management Information System (GIFMIS) ICT Upgrade Project

95. COVID-19 Emergency Response Program

96. Supply and installation of integrated e-learning laboratories in senior high schools

97. Supply and installation of integrated e-learning laboratories in senior high schools-State to State Loan

98. Upgrading and enhancement of 2 technical Institutes and 4 technical high schools- Phase III

99. Affordable Agricultural Financing for Resilient Rural Development Project (The "AAFORD, Accra")

100. Supply of armoured vehicles for the Ministry of Defence

101. Design and build contract for Tamale to Walewale Road (Savelugu to Walewale)- Phase 1

102. Construction of the University of Environment and Sustainable Development, Somanya, Eastern Region Phase 2

103. Supply of 45 intercity buses to the Ministry of Transport

104. Supply of 45 intercity buses to the Ministry of Transport- State to State Loan

105. Partial Reconstruction of Selected Roads in Accra and Kumasi

106. Facility for the financing of hospitals in Ghana

107. Redevelopment and Modernisation of the Kumasi Central Market (Tranche 2 of Phase 2)

108. Purchasing of 112 ambulance vehicles

109. Construction of section one of the Bolgatanga Bawku Pulimakom Road Project

110. Financing of the construction of sections of the western railway line

111. Design and construction of Ashaiman Roundabout Akosombo Junction (upgrading of Eastern Corridor Road- Lot 1)

112. Ghana COVID-19 Emergency Preparedness and Response Project

113. Ghana Productive Safety Net Project 2

114. Rehabilitation and remodeling of the existing Effia Nkwanta regional hospital and construction of Agona Regional Hospital

115. Establishment of 9 State of the Art Technical and Voc. Training Centers in Ghana

116. Design, Construction, and Commissioning of the Potable Water Infrastructure Project in Tamale

117. Design, Construction, and Equipping of the New 400-Bed Obstetrics and Gynaecology Department at Korle-Bu