President has stated that the road sector is in crisis, mainly due to years of mismanagement.
Delivering his first State of the Nation Address in his second term, he revealed that as of December 2024, unpaid bills owed to contractors exceeded GH¢20 billion for work carried out between 2018 and 2024. "As many as 85% of awarded contracts have been stalled, and contractors have stopped work due to non-payment.
For instance, the Ghana Road Fund obtained a loan of GH¢600 million in March 2018 to refinance outstanding debts and borrowed an additional GH¢1.2 billion from a syndicate of banks in November 2019. "Alarmingly, upon assuming office, the Ghana Road Fund still had outstanding payments-including some as low as GH¢2,000-dating back to 2018.
Current commitments for road projects now total an astonishing GH¢105 billion," he stated.
