Road contractors across the country are anticipating a major allocation from the government in the 2025 Mid-Year Budget Review, which Finance Minister Dr. Cassiel Ato Forson is scheduled to present today, Thursday, July 24, in Parliament.
Speaking on Morning Starr with Naa Dedei Tettey ahead of the presentation, the National Chairman of the Contractors Association, John Afful Junior, revealed that the group is expecting at least GH¢10 billion out of the GH¢21 billion owed them by the government.
“It’s nationwide known that the government owed the road sector about 21 billion cedis and the president assured us of paying 4 billion at the end of this month which we are anxiously waiting for, it hasn’t been done yet,” Mr. Afful stated.
He added, “So this Mid-year budget review, it’s a plea that we are making to the government, especially the president and the finance Minister that they should do some big allocation for us because we’ve suffered for far too long We are expecting that a huge amount of at least 10 billion will be insulated to us in this mid-year review so that we’ll also have something for our work and our families.”
President John Dramani Mahama had earlier pledged to release GH¢4 billion to road contractors by the end of July 2025.
Meanwhile, today’s mid-year budget review comes at a time of renewed optimism in Ghana’s economy.
Inflation has declined from 23.5% in January to 13.7% by June, while the cedi has appreciated from GH¢15 to approximately GH¢10.45 against the US dollar—bringing relative price stability.
GDP growth also exceeded expectations in the first quarter, reaching 5.3%, buoyed by strong performances in agriculture and services.
Dr. Forson is expected to provide key policy updates that reflect inflation trends, exchange rate dynamics, and public spending needs—amid rising demands from stakeholders like the contractors.
Source: Starrfm.com.gh
