2024 Budget: Ofori-Atta lists capital expenditures in the last seven years

The Minister for Finance, Ken Ofori-Atta, has outlined how the government invested the resources it mobilised last year in the last seven years.

The capital expenditure was contained in the 2024 financial statement and fiscal policy he presented to Parliament today.

According to the Minister for Finance, the government mobilised resources to, among others, expand the railway network, construct 12 fish landing sites, and build fishing harbours at a cost of GH¢19.5 million.

“Mr. Speaker, capital spending is equally important to the future of our country; consequently, we mobilised and deployed resources to: expand the railway network, including connecting Tema to Mpakadan to promote trade on the Eastern Corridor; ii. construct 12 fish landing sites and two (2) fishing harbours at a cost of GH¢19.5 million; improve community infrastructure by investing GH¢2.2 billion into over 2,000 projects under the IPEP initiative; promote inner city development by spending GH¢190.3 million under the Zongo Development Fund; and expanded and improved the road network by investing about GH¢16 billion, recording the most kilometers of roads and interchanges done in our history,” he said.

The Minister for Finance also indicated that the government over the period invested GH¢1.7 billion in the National Identification Scheme to ensure that 17.5 million eligible Ghanaians acquire security-sensitive ID cards.


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