Your currently hereBusinessThree Significant Projects In Ashanti Region Are Delayed Due To Debt Restructuring.

Three Significant Projects In Ashanti Region Are Delayed Due To Debt Restructuring.

- Advertisement -

Due to a lack of funding, three significant projects in the Ashanti Region are no longer moving forward.

These initiatives include the second phase of the Kumasi International Airport, the Kejetia Central Market, and the KATH’s 500-bed maternity and pediatric block.

In an interview , the mayor of Kumasi, Samuel Pyne, ascribed the halt to the government’s debt restructuring program, which is a component of the IMF bailout the nation is currently seeking.

- Advertisement -

“I don’t want to use the word stalled because it has been put on hold purposely because the government is doing a restructuring of our debt profile and most of these contracts fall under the projects that have been put on hold, and it is not only the Kumasi Central Market phase two or the Maternity and Baby Unit at the Komfo Anokye Teaching Hospital.” he disclosed.

However, he gave the assurance that project work will resume after the debt restructuring procedure was completed.

Three Significant Projects In Ashanti Region Are Delayed Due To Debt Restructuring.

“Work will resume after the completion of the debt restructuring programme.” he included.

- Advertisement -

On the other hand, sources claim that the Ministry of Finance ceased issuing cash for the projects in December 2022, which resulted in the firing of almost 2000 personnel.

Some Kumasi citizens are concerned that the projects may be abandoned and have asked the government to find ways to guarantee that construction picks back up as soon as possible.

- Advertisement -
- Advertisement -

Latest

- Advertisement -

Trending

- Advertisement -