In the 2025 Mid-Year Budget Review, Finance Minister Dr Cassiel Ato Forson declared, "We aim to ensure that all the priority projects are completed and commissioned by the end of 2028." Number one on that list was the construction of a new bridge across the Volta River at Volivo. The priority projects in question are ones for which funding had been secured but had neither been completed nor started before Ghana defaulted on the payments of its debts and began moves to restructure these debts in 2022. "Mr Speaker, following Ghana’s default on its external debt service obligation on 19 December 2022, creditors halted disbursements of 55 bilateral projects. This resulted in several uncompleted projects scattered across the country and left a massive amount of US$3 billion in undisbursed loans," Cassiel Ato Forson clarified in the Mid-Year Budget Review. In the wake of an agreement being reached with its official creditors on debts owed, there was the need t...
Many are the shocking developments I have heard about this government but none as shocking as a claim by Member of Parliament for Bolgatanga Central Isaac Adongo. Hon Isaac Adongo, as I have come to know is not one to ignore when it comes to understanding the governance of President Akufo-Addo and the financial operations of his cousin Ken Ofori-Atta. After all, he was the same person who told me in an interview that the biggest threat to Ghana's financial sector was the same cousin finance minister of the Nana Akufo-Addo led government. Isaac Adongo at the time said Ken Ofori Atta needed to be watched else he would land Ghana in trouble. About 4 years later, he was proven right when in an unprecedented move, over 80 New Patriotic Party Members of Parliament demanded the resignation or removal of Ken Ofori-Atta. The NPP MPs had risen against 'their' Finance Minister after he had led a careful destruction of the economy and chosen to blame COVID-19 and Russia-Uk...