Menu ›
News
Wed, 31 Jul 2024
Source: Citi News
The Ghana Road Fund owes contractors over GH¢6 billion, attributing the debt to limited inflows caused by the 2017 capping law, which restricts fund allocations to 25% of tax revenue.
At the launch of a road maintenance app, Frank Annoh-Dompreh, Chairman of the Road Fund, called for the fund’s exemption from this law to alleviate the debt and ensure sufficient funds for road maintenance.
Annoh-Dompreh plans to engage the Ministry of Finance and Cabinet to seek this exemption, aiming to support ongoing road work and address the substantial debt owed to contractors.
Read full article
Source: Citi News