Ghanaian News

There’s a plan to complete all stalled projects, says Oppong Nkrumah

The Information Minister, Kojo Oppong Nkrumah has said the government has a plan in place to ensure that all stalled developmental projects across the country are completed.

Oppong Nkrumah said the president has indicated his strongest desire that these projects get back on track.

Speaking with Wilberforce Asare on the Asaase Breakfast Show on Monday (16 October), the minister said, “Yes there is a plan; the first part of the plan is to conclude the external debt restructuring. When you conclude the external debt restructuring then you have clarity on how much you can pay on an annual basis on external debt and then you resume servicing. When you resume servicing the banks that are financing those projects will now resume releases to the contractors for them to get back to work.”

“Remember that those projects were stalled because the government announced the suspension of external debt servicing in pursuance of the external debt restructuring …”

He added, “It was important to sit at the table with external debt creditors and come to a certain understanding of what the new payment terms should be. Once you are able to do that then you can resume service and then you would expect new releases and those projects can get back on track.

“… the president is very keen that these projects get back on track so that we are able to achieve the full benefit for our people,” Oppong Nkrumah said.

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