General News of Monday, 20 January 2025

Source: www.ghanaweb.com

From GH¢113m to GH¢20b: Agbodza lists road sector debts Akufo-Addo left behind

Minister of Roads and Highways-designate Kwame Governs Agbodza play videoMinister of Roads and Highways-designate Kwame Governs Agbodza

The Member of Parliament of Adaklu and Minister of Roads and Highways-designate, Kwame Governs Agbodza, has given details of the debts accumulated by the Nana Addo Dankwa Akufo-Addo administration in the road sector.

According to the minister-designate, the Akufo-Addo government left behind unpaid road construction certificates worth GH¢20 billion.

He indicated that the interest composition of the debts is more than 100% of the actual amount the state owes.

"The NPP government is leaving a minimum of GH¢100 billion commitment. What you should be worried about though is that in that same document, they are saying that certificates unpaid as of today from GoG amount to about GH¢20 billion. The ones with road fund is about GH¢15 billion.

“What you should be more worried about, my brothers and sisters and colleagues listening to us from outside of this hall is that if you take the indebtedness up to 2025 which is the road fund debt alone out of the 15 billion,” he said at his vetting on Monday, January 20, 2025.

Kwame Agbodza went on to give a breakdown of the debts as follows:

“In 2018, we were owing about GH¢113 million, the interest on the GH¢113 million this year will be GH¢665 million - the debt was GH¢113 million, and the interest on the GH¢113 million is GH¢665 million. When you take 2019, GH¢210 million. The interest on the GH¢210 million is GH¢960 million. In 2020, we were owing GH¢424 million. The interest on the GH¢424 million is 1.5 billion. In 2021, the debt was GH¢616 million. The interest on that is currently GH¢1.69 billion. In 2022, GH¢693 million and currently GH¢1.4 billion.”

Watch his remarks in the video below:





BAI/AE