The decision by the Government in March 2001 to take advantage of the enhanced HIPC initiative has started bearing fruits. As a result of budgetary savings from debt service payments, it has now been made possible to release the first tranche of funds for use in the health and educational sectors.
Accordingly, in August this year, the government released an amount of 117 billion cedis HIPC funds into the economy for development projects throughout the country.
The breakdown is as follows:-
Source: GhanaWeb
