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General News of Monday, 23 December 2024

    

Source: www.ghanawebbers.com

Agenda 111’s $7.5 billion cost is bigger than the IMF bailout – Bright Simons

Bright Simons Bright Simons

Bright Simons, Vice President of IMANI Africa, has criticized the government’s Agenda 111 project, branding it a poorly executed initiative with immense financial liabilities for future administrations.

In a social media post, Simons revealed that none of the promised hospitals have been completed to clinical standards, with over $1.45 billion in pending costs awaiting the next government.

He further claimed that the Ministry of Health has revised the project’s budget to a staggering $7.5 billion—250% more than Ghana’s $3 billion International Monetary Fund (IMF) bailout.

Simons argued the timelines were politically motivated and warned of a repeat of energy sector debt woes, which previously plunged Ghana into power crises.