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Business News of Thursday, 21 February 2002

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BUDGET: Three trunk roads to be reconstructed

The Government would reconstruct three key trunk roads and construct one major road in every region of the country during the year, the Minister of Finance Mr Yaw Osafo-Maafo, said on Thursday.

Presenting the 2002 budget to Parliament, the Minister said the major trunk roads: Accra - Yamoransa, Accra - Kumasi and Accra - Aflao would be reconstructed as part of the government's policy to expand and upgrade infrastructure facilities to boost economic activities and create wealth.

He also announced the acquisition of 100 high capacity buses, which would be injected in the public transport system in pursuit of the government's desire to introduce a mass transportation system.

The budget comes in the first year of the implementation of the Ghana Poverty Reduction Strategy, which identifies a comprehensive set of policies to support economic growth over a three-year period.