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Ted News Ghana Blog of Thursday, 13 March 2025

Source: TEDDY VAVA GAWUGA

Govt to Settle Part of GHS 67.6bn Debt Owed to Contractors – Suhuyini

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Deputy Minister for Roads and Highways, Alhassan Suhuyini, has assured contractors and suppliers that the government is committed to settling part of the GHS 67.6 billion owed to them.

His statement follows Finance Minister Dr. Cassiel Ato Forson’s presentation of the 2025 budget, where he disclosed that the government’s total financial commitments to contractors include GHS 49.2 billion in unpaid invoices from Ministries, Departments, and Agencies (MDAs) and GHS 18.3 billion in outstanding Bank Transfer Advice at the Controller and Accountant-General’s Department.

Speaking to The Independent Ghana, Suhuyini acknowledged the financial strain but emphasized that clearing the entire debt immediately is not feasible.

"They should have absolute confidence that we will settle some of the debts," he stated. "However, the total financial commitment stands at about GHS 100 billion, with unpaid certificates alone amounting to GHS 21 billion. The decision to uncap the Road Fund is a step in the right direction, but it will only make GHS 2 billion available—far from enough to cover even the unpaid certificates."

He highlighted the importance of prioritizing road maintenance, as poor upkeep has led to roads deteriorating within 8 to 10 years instead of lasting longer.

Suhuyini also noted that, under the ‘Big Push’ initiative, GHS 10 to GHS 13 billion has been allocated for infrastructure projects, with a significant portion directed toward road development and debt repayment.

As Ghana’s economy is valued at GHS 1.2 trillion, stakeholders are closely monitoring how the government will balance infrastructure investments with its financial obligations.