To improve value-for-money, the Finance Ministry is re-scoping projects to focus on economically viable infrastructure; especially in roads, health, and agriculture; while discontinuing less strategic ones.
Presenting the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Finance Minister Dr Cassiel Ato Forson said the government had begun a thorough assessment of its public investment portfolio to align spending with national priorities and fiscal sustainability.
“Mr Speaker, we are reprioritising projects and programmes to ensure that we deliver on high-impact infrastructure such as roads, health, and agriculture,” Dr Forson stated.
He explained that the review of spending is part of a broader strategy to ensure prudent fiscal management, avoid waste, and maximise returns on public investments.
As part of this exercise, projects that are deemed low-impact or non-essential will be either deferred, redesigned, or scrapped entirely. The Minister said this approach ensures that limited resources are channelled into sectors that directly support economic growth, job creation, and improved social outcomes.
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Dr Forson also noted that the re-scoping efforts were being guided by the outcome of recent performance audits and project monitoring exercises. This includes collaboration with the Ghana Infrastructure Investment Fund (GIIF), the Ministry of Roads and Highways, and other sector agencies to ensure investments are properly targeted.
The reallocation of resources, he added, would also support Ghana’s goal of consolidating macroeconomic stability under the IMF-supported Post-COVID-19 Programme for Economic Growth (PC-PEG), while enhancing infrastructure efficiency across the country.
Source: Starrfm.com.gh
