President Nana Addo Dankwa Akufo-Addo has acknowledged that the government's involvement with the International Monetary Fund (IMF) may delay the completion of key major projects.
The President stated that as part of the IMF's conditionality, some of the government's infrastructure programs may be disrupted.
On Monday, at a meeting with the Western Regional House of Chiefs at the Jubilee House, Akufo-Addo stated that the IMF balance of payment support will go a long way toward assisting the country.
He did, however, ensure that capital investment projects will continue, although with some delays.
We must guarantee that all capital expenditure projects are finished, but there may be some temporary delays as we negotiate with the IMF, which is what we are experiencing now, but at the end of the day, we will have an agreement that permits us to continue the projects."
The National Cathedral and Agenda 111 are two prominent projects that are likely to be impacted.
The President has often said that the National Cathedral would be completed by the conclusion of his presidency in January 2025.
The National Cathedral project has been embroiled in various issues and has received significant resistance, with some members of the public believing that the project is irrelevant given Ghana's economic troubles.
On Tuesday, January 24, the Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, alleged that the National Cathedral project will cost taxpayers $1 billion, not $400 million as indicated by the government and members of the board of Trustees.
Mr Ablakwa, who has previously expressed concerns about the National Cathedral's relevance, stated in an interview with Citi TV that the $400 million being bandied about by the government as the total cost of the project completely ignores several other factors that push the total cost past $1 billion.
"We were informed by the Finance Minister that the project will cost $100 million, then the amount jumped to $150 million. The Chairman, Opoku Onyinah, later said $200 million, but based on new papers, I believe the project would cost Ghanaian taxpayers around $1 billion."
"The same sum that previous President Mahama spent to establish the Ghana Gas project, which earns us almost $400 million every year," Mr Ablakwa informed Umaru Sanda Amadu.