President John Dramani Mahama has underscored the financial impact of unfinished projects across Ghana, stressing the importance of taking swift action.

During his first State of the Nation Address in Parliament on Thursday, February 27, Mahama disclosed that 55 projects have been left incomplete due to debt defaults and restructuring processes.

He noted, “Currently, there are 55 stalled projects due to the default of debts and subsequent restructuring, with a total value of $2.95 billion not disbursed” Mahama.

The president warned that failing to address these delays could result in an additional cost of approximately GHS15 billion.

Mahama called for urgent steps to address the debt defaults and restructuring issues to ensure that these vital projects are completed and contribute to the nation’s progress.