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Home Business Economy

Parliament approves GH¢5.3 billion as 2023 budget estimates for Ministry of Roads and Highways 

The Ghanaian Standard by The Ghanaian Standard
December 15, 2022
in Economy
Reading Time: 3 mins read
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Parliament approves GH¢45.40 million as CHRAJ's 2023 fiscal year budget estimates
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Parliament Wednesday approved the sum of GH¢5,295,359,626 for the activities of the Ministry of Roads and Highways for the financial year ending December 31, 2023. 

The amount would be used to execute the Ministry’s planned programs for the fiscal year.  

Mr Ken Ofori-Atta, the Minister for Finance, on Thursday, November 24, 2022, presented to Parliament the Budget Statement and Economic Policy of the Government for the 2023 financial year. 

This was mandated by Article 179 (1) of the 1992 Constitution of Ghana and 140 (2) of the Standing Orders of Parliament. 

For the year 2022, the Ministry of Roads and Highways was allocated an initial amount of GH¢4,000,673,000.00 which was revised to GH¢3,568,318,458.00.  

As of September 2022, the Ministry had expended an amount of GH¢1,931,989,582.47. 

Meanwhile, an allocation of GH¢4,526,271,586.22 was made to the Road Fund for 2022.   

However, as of September 30, 2022, a sum of GH¢612,111,078.21, representing 13.5 per cent of the allocation, had been released by the Ministry of Finance, and the same was expended by the Ministry of Roads and Highways. 

Mr Kwasi Amoako-Attah, the Minister for Roads and Highways, moved the Motion on the floor of Parliament. 

He said the total allocation to the Ministry, as captured in the Budget Statement and Economic Policy for the year, was GH¢5,295,359,626.00, nonetheless, the sum of allocations to the Government, Internally Generated Fund (IGF), Annual Budget Funding Amount (ABFA), and Donor Partners amounted to GH¢5,295,359,627.00. 

Mr Amoako-Attah told Parliament that the difference of GH¢1.00 was a result of the GIFMIS budget module (Hyperion) used in capturing the budget, which rounded decimal figures to the nearest whole numbers. 

Seconding the motion, Mr Kennedy Nyarko Osei, the Chairman of the Roads and Transport Committee in Parliament, said the road sector was crucial in delivering an efficient road transportation system in the country. 

He said the Ministry’s mandate of providing a road transport system that was responsive to the needs of society, supporting growth, and reducing poverty while establishing and maintaining Ghana as the transportation hub of West Africa could be realized if the Ministry was adequately resourced. 

Mr Osei, who is also the New Patriotic Party (NPP) Member of Parliament for Akim Swedru, said the Ministry intended to engage Parliament to seek approval before reintroduction of the road tolls in 2023 on selected public roads with possible deployment of electronic technology. 

Debating the Motion, Mr Kwame Governs Agbodza, a Deputy Ranking Member of the Roads and Transport Committee, and a National Democratic Congress (NDC) MP for Adaklu, urged the Finance Minister to take a critical look at the capping of road funds. 

He said that would enable the Ministry to retain enough IGF to carry out some programs and activities as the capping of Road Fund, under the earmarked Funds Capping and Realignment Act, 2017 (947), continued to affect the number of funds available for use under the Road Fund by the Ministry. 

Mr Haruna Iddrisu, the Minority Leader and MP for Tamale South, recognized that access to durable roads was a challenge to many constituencies.  

As a result, he called on the Finance Minister to assure the House of taking off cappings on roads and providing adequate resources for road infrastructure development. 

Mr Frank Annoh-Dompreh, the Majority Chief Whip, and Member of Parliament for Nsawam-Adoagyiri lauded the Committee for the timely expedition of work on the report. 

Source: Elsie Appiah-Ose
Via: GNA
Tags: Haruna IddrisuinfrastructureInternally Generated FundMinistry of FinanceMr. Ken Ofori-AttaNational Democratic CongressNew Patriotic Party (NPP)NsawamRankingRoads and Highways

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