Ghanaian News

Road fund board to be inaugurated this week, payment of contractors to follow

Government will this week inaugurate the much awaited board of the road fund, the statutory fund dedicated to finance the routine and periodic maintenance of the nation’s road network, including road safety activities and selected projects.

It is expected that the 14 member board which would be chaired by the deputy majority leader and New Patriotic Party (NPP) member of Parliament for Effutu constituency, Alexander Kwamina Afenyo-Markin, would be duly constituted by Tuesday the 3rd of August 2021.

The upcoming inauguration is welcome news for contractors as the board is the body that must approve the next round of payments to be made to contractors for projects they have executed.

The Ghana Chamber of Construction Industry a month ago asked President Akufo-Addo to as a matter of priority, take steps to constitute the Road Fund Board to ensure the payment of contractors.

The Chamber at the time noted through its Chief Executive Officer, Emmanuel Cherry, that, the delay in the formation of the Board six months into the year is having a toll on road projects across the country.

“There is no way certain businesses can be transacted without recourse to the Road Fund Board. So we are appealing to the president, through the Council of State, to make sure as quickly as possible to constitute and inaugurate the Board for the Board to come and do the needful because as we speak, nothing is happening” Emmanuel Cherry is quoted to have said.

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