President John Dramani Mahama has assured the country that the oil money set aside for his ambitious $10 billion infrastructure project, called the “Big Push,” will be used and managed in the most open and efficient way possible.
This promise was made during a courtesy visit from members of the Public Interest and Accountability Committee (PIAC), which is in charge of making sure that Ghana’s oil revenues are used in a responsible way.
The delegation, led by its Chairman, Mr. Constantine K.M. Kudzedzi, came to congratulate President Mahama on his recent election win and talk about how to best manage the country’s oil revenues, which is a very important issue for Ghana’s economy.
During the meeting, President Mahama talked more about his government’s plans to spend a lot of money over the next five years in the most efficient manner.
Each year, $2 billion will be set aside for priority infrastructure projects across the country.
He said that these strategic projects will focus on important areas like transportation, education, and healthcare, as well as improvements to infrastructure that are needed to make the agriculture sector, which is a key part of Ghana’s economy, more productive.
The President went on to say that the “Big Push” will include the building of farmer service centers, the creation of irrigation systems, and strong support for the growth of agribusiness.
The goal of these efforts is to improve the skills of local farmers and make the country safer when it comes to food.
President Mahama said that the main sources of funding for this huge project would be money from oil and gas sales and royalties from the mining industry. This shows that the government is committed to using the country’s resources to help its people.
President Mahama praised the important work of the Public Interest and Accountability Committee in his speech, saying that they were essential for keeping an eye on how Ghana’s oil money was being spent.
He thanked the Committee for their hard work in making sure that these funds are used in a way that is both open and accountable.
This makes PIAC a great example for other countries that want to set up good oversight systems for their resource management.
