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Finance Ministry asked to release $1bn to clear outstanding debt owed road contractors

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Cabinet has directed the Ministry of Finance to release $ 1 billion of the $3 billion secured through Bond to the Ministry of Roads and Highways.

This is to clear outstanding debt incurred from completed road projects across the country while the remaining part is to be spent on new road projects.

The Ministry has already retired about ¢4 billion of the debt owed for road contracts undertaken before 2017. The sector Minister, kwasi Amoako Atta, disclosed this at Akyawkrom in the Ejisu Municipality of Ashanti at the opening of a four-day Strategic Management workshop.

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