HomeNewsThe Ghanaian government invests Agenda 111 with $75 million in petroleum earnings-PIAC

The Ghanaian government invests Agenda 111 with $75 million in petroleum earnings-PIAC

The Agenda 111 health initiative has received $75 million in petroleum revenue from Ghana since 2021, according to the Public Interest Accountability Committee (PIAC).

The Ghana Infrastructure Investment Fund (GIIF) allocated $49.4 million in 2021 and $25.6 million in the first half of 2022 for the payout.

The Committee stated in its semi-annual report for the first half of 2022 on the management and usage of petroleum revenue that “PIAC is yet to obtain specific data of all disbursements.”

The Physical Infrastructure and Service Delivery in Education and Health Priority Area did not incur any costs during the first half of 2022, when the project’s decision was made, according to PIAC.

In particular for the 101 conventional 60/100-bed district hospitals, the study observed, “GIIF has indicated that it has been engaged by the Ministry of Finance (MoF) to help assure administrative and project management efficiencies as well as payment integrity throughout the process.”

The GIIF had created a brand-new, ring-fenced subsidiary business called H-GIIF to carry out the transaction and handle all payments to the contractors, which was also emphasized.

In order to support the Agenda 111 Project as an expense under Priority Areas, PIAC has advised that Government direct any additional disbursements to GIIF intended for Agenda 111 to the Ministry of Health.

According to the report, this will allow GIIF to concentrate on its core mission of investing funds, particularly its Annual Budget Funding Amount (ABFA) distributions, in profitable commercial infrastructure projects.

In compliance with the GIIF Act, 2014 (Act 877) and Fund policy directives, it has also urged the GIIF to concentrate the use of its part of the ABFA on sound investments.

Deliverables for the Agenda 111 project include designing, acquiring, building, outfitting, and commissioning 101 District Hospitals and six Regional Hospitals in the newly established areas.

Additionally, two psychiatric hospitals will be built in Kumasi and Tamale, one regional hospital will be built in the Western Region, the Accra Psychiatric Hospital will be renovated, and the Effia Nkwanta Regional Hospital will undergo rehabilitation.

It is intended that all hospitals would have staff housing for physicians, nurses, and other healthcare professionals.


Leave a Reply

- Advertisment -

Latest Posts