President John Dramani Mahama has assured that oil revenues earmarked for his proposed $10 billion “Big Push” infrastructure initiative will be efficiently disbursed and managed.
The President gave the assurance during a courtesy call by members of the Public Interest and Accountability Committee.
Led by its Chairman, Mr Constantine K.M. Kudzedzi, the Committee members visited to congratulate the President on his recent election victory and discuss matters concerning the management of Ghana’s oil revenues.
During the 2024 electioneering campaign, the then opposition National Democratic Congress (NDC) led by John Dramani Mahama promised to roll out a massive National Infrastructural Development Programme under the term “The Big Push“.
In line with keeping up with this promoise to the people of Ghana, the Government has innitiated plans to ensure the successful implementation of the programme.
The President, John Dramani Mahama outlined his government’s ambitious plan to invest $10 billion over the next five years, allocating $2 billion annually, into priority infrastructure projects across the country.
These projects will target key sectors, including roads, major bridges, education, and health infrastructure, as well as areas vital for boosting productivity in the agriculture sector.
He specified that agricultural projects under the “Big Push” would encompass irrigation schemes, construction of farmer service centres, and support for agribusiness development.
The President stated that the primary sources of funding for this significant policy initiative would be petroleum revenue and minerals royalties.
Commending PIAC for its vital role, President Mahama praised the Committee’s efforts in monitoring and ensuring transparency and accountability in the utilisation of Ghana’s petroleum revenues. He highlighted PIAC as a commendable model for other countries seeking effective oversight mechanisms.
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Meanwhile, President John Dramani Mahama has officially launched the government’s flagship 24-Hour Economy and Accelerated Export Development Programme, describing it as a “national reset” and a bold strategy to revive Ghana’s economy through round-the-clock productivity and expanded export capacity.
Speaking at the launch in Accra on Wednesday, July 2, President Mahama said >>>continue reading here >>>