26.1 C
Accra
Saturday, May 25, 2024
BusinessStalled projects will be completed without donor funding - Finance minster-designate

Date:

Stalled projects will be completed without donor funding – Finance minster-designate

spot_img

The Minister of Finance, Dr. Mohammed Amin Adam, has declared that the government is taking proactive steps to finance key health projects that had stalled, without relying on donors.

He stated that the President has directed funds to be allocated within the budget to resume work on projects affected by the existing domestic debt restructuring, initiated after the country’s IMF bailout.

- Advertisement -

Consequently, projects such as the La General Hospital and the Komfo Anokye School of Maternity and Children’s Block have resumed, with plans underway to complete several Agenda 111 projects this year.

Dr. Adam made these remarks during the opening of the 2024 Ghana Health Sector Annual Summit in Accra, where health, finance, and social development experts, as well as civil society organizations, gathered to discuss issues such as financing essential medicines and improving healthcare delivery.

- Advertisement -

He emphasized the government’s commitment to ensuring that key health facilities continue functioning effectively for the benefit of ordinary Ghanaians, even in the face of economic challenges.

“This is why the contractors working at the Komfo Anokye Teaching Hospital have re-mobilised, because we have had to find money from the budget, because donors are no longer present as a result of this crisis.

- Advertisement -

“And therefore, based on the President’s directive, we found some money from the budget for the contractors to re-mobilise. “You also will notice that the La General Hospital is also ongoing, also funded from the budget, and no longer waiting for the donor to disburse money towards the project,” he added.

Dr. Adam also highlighted ongoing efforts to complete more health projects, including COVID-19 hospital projects, and acknowledged the need for sustained investment in healthcare to address existing challenges and maintain progress in the sector.

Additionally, Bernard Okoe Boye, the Representative of the President on Health, outlined the Ministry of Health’s plans to enhance healthcare delivery and respond to public health emergencies.

Bright Amissah-Nyarko, President of Civil Society Organizations in Health, urged the President to prioritize the completion and operationalization of at least 10 Agenda 111 projects by 2025.

Latest stories

I date intelligence and funny men – Tems

Grammy-winning Nigerian singer Temilade Openiyi has shared that she...

Ghanaian jailed 48 months in US for involvement in $3.8m romance scam

A Ghanaian national, Emmanuel Quamey, has been sentenced to...

Rooney given Plymouth Argyle head coach role

Plymouth Argyle, a Championship side, has appointed former England...

Ghana witnessed 2.9% GDP growth in 2023 – Amin Adam

During the Ministry of Finance's monthly briefing on Friday,...

Related stories

Ghana witnessed 2.9% GDP growth in 2023 – Amin Adam

During the Ministry of Finance's monthly briefing on Friday,...

Govt and Tullow Oil approve US$90million emissions reduction deal

Tullow Oil plc has unveiled a financial commitment of...

Cedi has experienced a 14.2% depreciation in 2024 – Amin Adam

Finance Minister, Dr. Mohammed Amin Adam has indicated that...

Cedi will be stable in medium-term after completion of DDEP – Finance minister

Finance Minister Dr. Mohammed Amin Adam has noted that...

Ghana’s Energy Transition Framework aims for net-zero emissions by 2070 – Deputy Energy Minister

Deputy Energy Minister, Collins Adomako-Mensah has unveiled an ambitious...

Govt commits GHS2.3bn to NIB restructuring and recapitalization

The government has approved GH¢2.3 billion for the restructuring...

Govt set to introduce SME training initiatives – Finance minister

The government has announced plans to enhance support for...

LEAVE A REPLY

Please enter your comment!
Please enter your name here