The government will begin settling outstanding debts owed to road contractors this month, President John Dramani Mahama has announced.
The move is expected to enable contractors to return to site and resume work on stalled road projects across the country.
President Mahama disclosed this during a meeting with members of the Council of State at the Presidency on Monday.
He explained that the Ministry of Finance had earmarked funds to offset a significant portion of the arrears.
“I am sure that some of the contractors working on your projects will be paid so they can return to site and continue their work,” the President said.
He said the Finance Minister was prioritising the payments as part of broader efforts to fast-track the completion of critical infrastructure projects and bolster the government’s economic recovery agenda.
Further details on the payments will be outlined in the upcoming mid-year budget review, which will also assess the economy’s performance in the first half of the year.
President Mahama assured the Council of State that the government would engage with them again after the mid-year review to discuss the administration’s progress over the past six months.