The Ministry of Finance has announced that a significant sum of money allocated for flood protection was redirected. This diversion occurred under the previous administration led by Akufo-Addo.
The amount in question is 65 million dollars. This money was part of a project funded by the World Bank. It was specifically intended for flood protection efforts.
However, the Finance Ministry has stated that these funds were instead used to finance activities related to COVID-19. This shift in fund usage has been confirmed by a Finance Ministry official.
The World Bank had provided this funding to support crucial infrastructure and planning against flooding. The redirection of these funds raises questions about priorities and financial management.
Details on the specific COVID-19 activities that received this money have not been fully disclosed. The ministry's statement indicates a challenging fiscal situation that led to this decision.
The ministry is seeking to clarify the financial accountability of past projects. This information is important for ongoing development and trust in financial management.
The specific flood protection project that was affected has not been named. Further information is expected regarding the impact of this diversion.
This development highlights the complex financial decisions made during the pandemic period.