The Auditor-General is about to share an important report about money that contractors are still waiting to get paid. This report will help the government start making those payments soon!
This news came out during a meeting between the Finance Minister, Dr. Cassiel Ato Forson, and the CEO of Ecobank Group, Jeremy Awori. They talked about how to handle the money owed to contractors.
The government has a big task ahead because it inherited a huge debt of GH¢67 billion that contractors are owed. They have promised to check everything carefully and pay off these debts over the next four years.
In the 2025 Budget, the government has set aside GH¢13 billion to start paying the verified claims. This is a big step towards making things right!
The Finance Minister made it clear that the government wants to avoid getting into more debt. They have made some changes to the Public Financial Management Act to help keep things organized and transparent when it comes to spending money and managing contracts.
Ecobank is the biggest bank in the country, and they are being asked to help out more with Ghana’s recovery, especially in areas like private businesses and farming.
Jeremy Awori, the CEO of Ecobank, said that the bank is ready to help Ghana bounce back. They want to lend more money and work closely with the government to make things better.
The meeting also included John Abdulai Jinapor, the Minister for Energy and Green Transition. It’s great to see so many people working together for a better future!