{Full Text}: Roads Listed as Either Completed or Under Construction in Budget
The Minister for Finance, Hon Mohammed Amin Adam has delivered the Mid-year Budget Review and Economy Policy Statement in Parliament on Tuesday, July 23, 2024 during which he outlined some roads infrastructure projects he said the government was working on.
The works vary from new roads to the upgrade and maintenance of old ones.
The rehabilitation and maintenance of road infrastructure nationwide which he said are at various stages of completion were listed to include Juaboso-Boinzan on-going roads; Winneba-Kasoa ; Karaga Town Road; Gushegu Town; Tolon Daboya Road; Nanton-Karaga-Gushegu Highway; Sefwi Wiawso town roads; and Accra – Kumasi road.
Additionally those completed include: Dadiesoba-Esiankyim-Manhyia; Antwi Agyeikrom – Debra Camp & others; Sunyani & Berekum Inner City Roads; Atebubu Town Roads; Assin Fosu – Dunkwa – Cocoa Station; and Kwahu Tafo – Miaso.
He said major roads at various stages of completion included the rehabilitation of the Tamale – Tatale road; Phase 2 of the Tema Motorway Roundabout; Construction of the Flyover over the Accra Tema Motorway from the Flowerpot roundabout on the Spintex Road to East Legon; Construction of the Phase 2 works under the Suame Interchange; Dualization of Nsawam – Ofankor Road; Works on the Agona Nkwanta – Tarkwa Road; Works on the Dome-Kitase Road; and Phase 2 of Obetsebi Lamptey Interchange and Ancillary Works.
The Minister also indicated that the country’s total expenditures amounted to GH¢ 95.9 billion, below the budget target of GH¢ 104.8 billion under a Total Revenue and Grants for the first half of 2024 at GH¢74.7 billion,1.9 percent below the target of GH¢76.1 billion.
“Despite the shortfalls, the outturn shows a nominal year-on-year growth of 24.6 percent and constitutes 42.3 percent of the Budget’s Total Revenue for the year. The revenue performance was mainly driven by the strong performance in Non-oil Tax Revenue and Non-oil Non-Tax Revenue which partly offset the shortfalls in oil receipts for the period.”
Meanwhile, he announced an overall cash budget deficit was GH¢36.1 billion.
“Mr. Speaker, the overall cash budget deficit was GH¢36.1 billion (3.4% of GDP), compared with the deficit target of GH¢35.2 billion (3.3% of GDP). The corresponding primary balance (on cash basis) was a deficit of GH¢17.1 billion (1.6% of GDP), compared with the period target of GH¢8.8 billion (0.8% of GDP).”
Read the Full Mid-year Budget Statement Here: 2024 Mid-Year Speech as at 4am updated
