Monday, October 3, 2022

GHc1.2 billion road fund loan meant to settle contractors missing- NPP man reveals

A leading member of the New Patriotic Party (NPP), Richard Nyamah, has alleged that, the Ghc1.2 billion road fund loan meant to settle contractors has been missing under the Nana Addo led administration.

Speaking in an interview with the Accra-based Metro TV, he however expressed his disappointment and said, the level at which the Akufo-Addo government is spending money is very appauling therefore something must be done immediately.

“The GHc1.2 billion when the new road fund board took office was not there. The money that was contracted, the loan they took it they didn’t disburse it”.

Meanwhile when asked by the show host, Randy Abbey where the money is, Richard Nyamah replied by saying “it can’t be found”.

The host then added, “then your government must be a very useless government”. Then Richard continued, “that’s my problem, l’ve a problem with the government, I’m getting towards there, they must be and l’ve a problem with them that is why contractors will do what they are doing”, he said.

Watch video below

Background

One could remember in 2021 where the Ministry of Roads and Highways, released GHc2.2 billion to pay all road contractors.

However, in a statement released by the Ministry and signed by the sector Minister, Kwasi Amoako Attah, Ghc1 billion of the money will be used to pay for Government of Ghana contracts, while the remaining GHc1.2 billion will be paid into the Road Fund to settle other debts.

“The government has secured an amount of GHc2.2 billion to defray part of arrears owed to road contractors. The Ministry of Roads and Highways wishes to state that, out of the total amount of GHc2.2 billion, GHc1 billion will be paid to contractors funded through the consolidated fund. The remaining GHc1.2 billion will be paid to contractors funded from the Ghana Road Fund”, the statement said.

“Disbursement has already started and is expected to be completed within a month. It is worthy to note that, this is an unprecedented bulk payment to contractors in the entire history of the road sector. We take this opportunity to appeal to all our contractors to return to their projects and ensure successful completion”, it added.

 

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