The International Monetary Fund (IMF) involvement of the government, according to President Nana Addo Dankwa Akufo-Addo, may delay the timely completion of several major projects.
The President stated that some of the government’s infrastructure programs may need to be interrupted in order to comply with an IMF condition.
At a meeting with the Western Regional House of Chiefs on Monday at Jubilee House, Akufo-Addo said the country will benefit greatly from the IMF’s assistance with the balance of payments.
However, he reaffirmed that capital spending projects will proceed, although with some delays.
“We need to ensure that all capital expenditure projects are completed, but there will be some temporary delays while we are making the agreements with the IMF, and that is what we are experiencing now but at the end of the day we will get an arrangement that allows us to continue the projects.”
The National Cathedral and Agenda 111 are two significant initiatives that might be impacted.
The President has often pledged to see that the National Cathedral is finished before his term ends in January 2025.
A portion of the population believes that the National Cathedral project is irrelevant given Ghana’s economic difficulties, and the project has been the subject of several disputes and strong resistance.