Parliament has approved for government to allocate the entirety of Ghana’s oil revenues and mineral royalties towards the execution of the ambitious “Big Push” Programme.
The flagship infrastructure initiative is projected to cost GH¢13.8 billion.
The multi-year programme, which is expected to run through to 2028, will be financed domestically and is focused primarily on the expansion and enhancement of road infrastructure across the country.
It forms part of the government’s strategic drive to modernise transport systems and stimulate economic growth through improved connectivity.
This parliamentary approval comes in response to a formal request by the government to commit to long-term financing arrangements for selected projects under the initiative.
According to the joint report of the Finance and Roads Committees, the move aligns with the policy direction already endorsed in the 2025 Budget Statement.
“The Committee has carefully considered the referral and believes that the request is in the right direction,” the report noted.
It further stated, “Parliament had already approved the policy and the allocation to the ‘Big Push’ Programme in the 2025 Budget Statement.
Granting this request will allow government to enter into multi-year contracts to deliver key road infrastructure projects under the Programme.”
The approval is in accordance with Section 33 of the Public Financial Management Act, 2016 (Act 921).
Myjoyonline
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