Government says road projects that have been put on hold due to delays in releasing funds to contractors will soon resume as it has rolled out a payment plan for the projects.

Deputy Minister of Finance, Abena Osei Asare, has revealed that the government has started to pay off road contractors based on the value of their Interim Payment Certificates (IPCs).

Interim Payment Certificates provide a mechanism for the government to make payments to the contractor before the road projects are completed.

The Deputy Minister revealed that the government will fully pay contractors owed below GH₵1 million 

But for those with IPCs of 1 million and above, there will be a payment of 40% of the value.

She said some road contractors have received funds to cover the full cost of their road projects.

Her assurances come after several complaints from contractors about the lack of funds to complete road projects.

There have also been several complaints from the public about poor and dilapidated road networks in their communities.

The Deputy Minister also said on the Super Morning Show that the issuance of the IPCs was a part of the government’s effort to boost economic activities and develop the road networks across the country.

“Government has recognised the huge infrastructure needs in the road sector and is doing everything possible within its limit to look for sources of funds to reduce the chunk of debt on the road sector,” she said.