Ghana Infrastructure Investment Fund is not a source of funding for Agenda 111 – Deputy Minister of Finance
Deputy Finance Minister Dr John Kumah has dismissed claims that funding for Agenda 111 comes from the Ghana Infrastructure Investment Fund (GIIF).
According to him, the GIIF is only a fundraising vehicle for the Agenda 111 project which aims to improve the delivery of health care in the country.
Speaking on The Joy News probe he said, âthe government wants to use GIIF as a vehicle, to raise funding, for Agenda 111. That doesn’t mean that GIIF itself is the source of funding. So, as we speak, we have created a special purpose vehicle account called the GIIF Health Infrastructure Account. “
The health infrastructure account, he explained, houses the Agenda 111 funding and will be managed by the Ghana Infrastructure Investment Fund.
Dr Kumah said all funds raised for Agenda 111 would go to this account and would be disbursed for the project through GIIF.
His comment comes after some Ghanaians voiced concerns over Agenda 111 funding.
The minority in many cases accused the government of spending GH Â¢ 636 million on the project even before it was launched.
A senior member of the Parliament’s Health Committee, Kwabena Mintah Akandoh said the minority would push for more in-depth investigations into the spending.
However, Dr Kumah says that currently the health infrastructure account contains the infamous GH Â¢ 600 million government which was accused of spending on the project before it was launched.
He explained that since the account was created to avoid a mix of funding to the Ghana Investment and Infrastructure Fund, the money was transferred to this account at the Bank of Ghana.
âThis is how project accounts are managed. So if you go to GIIF and for example they needed funds to complete Terminal 3, I think there will be a special account dedicated to the Terminal 3 funding arrangements. “
“So it’s the same thing, what is being done here is to make sure that all the funding that goes into Agenda 111 goes into this specific account,” he added.
He reaffirmed that so far, only GH Â¢ cedis 36 million has been spent on the project.
This money, he said, was spent on project design, land acquisition, consultants and coordinators.
On financing, he said the government was considering bonds, concessional loans, external sources, among others, to help raise funds for the project.
“We are looking for all sources, even if it means syndicated loans to make sure we are able to complete these facilities,” he added.
The government launched its ambitious Agenda 111 policy on Tuesday August 17th.
The project will cover the design, procurement, construction, equipping and commissioning of 101 district hospitals, 6 regional hospitals in the newly created regions, as well as 1 regional hospital in the Western region, 2 psychiatric hospitals in Kumasi and Tamale and a redeveloped Accra psychiatric center. Hospital.
President Akufo-Addo and some government officials paved the way for the project to be launched in Trede in the Ashanti region.
The project, when completed in 18 months, will provide every underserved district with a world-class health facility capable of treating all major ailments.
The project aims to ensure that Ghanaians nationwide have access to quality health services and, together with the national health insurance scheme, to strengthen the provision of health infrastructure and affordability of health care. health.
Doctors, nurses and other health workers will be housed in hospitals to be built.
According to the detailed Agenda 111 document, the facilities that will benefit Ghanaians include 4 state-of-the-art surgery rooms for maternity, obstetrics and gynecology, a full range of services for men, women, pediatrics and isolation, among others. .
According to the government, when completed, the company will be “the biggest investment in health infrastructure in the country since independence.”