How do you explain this: You owe GHȼ113 million but must pay an interest of GHȼ665 million

Roads and Highways Minister-designate, Governs Agbodza, on Monday called for an end to the government’s way of honouring its commitments to road contractors that ends up in ‘interests’ taking a huge chunk of funds that should have gone into actual roads construction.

He said the approach is not sustainable and needs an urgent fix.

This cannot continue. This is not value to Ghana, this is not value to the contractor. This is money being wasted. We cannot accept that you owe somebody 4 billion, and in this year, you are going to pay a total of 15 billion, that is principal plus interest. This cannot continue.”