Kwame Governs Agbodza, the Minister-Designate for Roads and Highways, has expressed grave concerns over the escalating debt within the road sector.
Appearing before the Appointments Committee of Parliament on Monday, January 20, 2025, Agbodza disclosed that a GHC113 million debt in 2018 has skyrocketed to GHC665 million due to accumulated interest.
He further revealed that by 2020, the debt had climbed to GHC424 million, with accrued interest now inflating the amount to a staggering GHC1.5 billion.
Agbodza underscored the troubling financial implications of the mounting debt and shared his struggle in explaining the situation to his constituents in Adaklu. "What we should be more worried about is if you take the indebtedness up to 2025, which is the road fund debt alone…Out of the GHC15 billion, in 2018, we were owing about GHC113 million, the interest on the GHC113 million this year will be GHC665 million.
