The government has presented a list of 24 stalled infrastructure projects to the International Monetary Fund (IMF) and the Official Creditor Committee (OCC) in a bid to unlock delayed funding and resume work on critical developments across the country.
Finance Minister Cassiel Ato Forson made the announcement, stating that these projects are now under consideration as part of an annual US$250 million ceiling for disbursements from official bilateral loans. The cap was set under Ghana’s ongoing economic support programme with the IMF and its creditors.
Given the ceiling, the Minister warned that drawing down all outstanding funds tied to these official loans could stretch over a period of no less than 12 years.
Despite this long timeline, the government remains optimistic. It expects disbursements to resume shortly for the 24 projects that made it onto the priority list—once bilateral loan agreements are finalized between Ghana and its creditor nations.
According to the Minister, the ultimate goal is to see all selected projects completed and operational by the close of 2028.
Source: NewsandVibes.com
