BREAKING: Federal government has reduced import levy on new vehicles 🚗 into Nigeria 🇳🇬 from 20% to 10% and that of used vehicles from 15% to 5% in order to ease cost of vehicle importation. The reduction takes effect today.
What l found on the GARID Project
1. It is not accurate that the Government of Ghana or the Ministry of Finance has delayed the Greater Accra Resilient and Integrated Development (GARID).
2. Between 2019 and 2024, the previous administration drew down US$103.8 million from the World Bank $350m loan.
Here’s the breakdown of how the money was used:
· US$22.1 million (21%) went to "training".
· US$7.9 million (7%) was spent on "consultancies".
· US$60.8 million (59%)—the lion’s share—was diverted to COVID-19-related spending.
· US$1.68 million (2%) was used for other costs, largely the purchase of vehicles.
4. Just US$11.4 million, barely 11% of the entire loan, was actually spent on flood prevention and mitigation works. Put plainly: nearly US$9 out of every US$10 went to things other than protecting Ghanaians from floods. Only US$1 out of every US$10 was used for the project’s core purpose.
5. When the Mahama administration took office, it sought to ensure expenditure of the remaining funds must align with what the GARID Project was meant to achieve. So the Ministry of Finance engaged the World Bank and secured agreement to repurpose the remaining funds—redirecting them squarely toward flood prevention infrastructure.
6.That isn’t a delay. That is a deliberate, responsible decision to make sure the money does what it was always supposed to do: offer lasting protection to communities that have suffered for too long.
So far the following has been recorded.
7. In 2025, the government spent roughly US$3 million on actual flood mitigation works under the project. So far in 2026, about US$10.52 million has been released for the same purpose.
8 That brings the total for 2025–2026 to approximately US$13.52 million—already exceeding the US$11.4 million spent on flood works over the entire previous six-year period.
9. The Ministry of Finance has already approved the cedi equivalent of more than US$76 million under the GARID project for flood mitigation infrastructure in 2026 and 2027.
9. As was in 2025 and 2026, no new amount was spent on "training, consultancies, or vehicles."
10. The Ministry of Finance and the Government have not delayed the GARID Project. What they have done is refocus it—ensuring that every dollar now goes toward what it was originally borrowed for: protecting lives, property, and communities from the devastation of flooding.
Good night.
Slot system is shit … why is he allowed to bench Mo? He’s not a good coach at all. Mo is Liverpool and you can’t blame your inept coaching methods on our Mo Salah