• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Government Confirms $97m Spent on Stalled National Cathedral Project as Audit Reveals Cost Overruns and Unpaid Obligations

1 month ago
in Features, highlights, Home, home-news, latest News
1 min read
0 0
0
142
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Government Confirms $97m Spent on Stalled National Cathedral Project as Audit Reveals Cost Overruns and Unpaid Obligations

The Government has disclosed that a total of $97 million has been spent on the controversial National Cathedral project, even though construction remains stalled at the foundation level.

The disclosure was made by the Minister of State in charge of Government Communication, Felix Kwakye Ofosu, at a press briefing in Accra on Friday, July 18. He indicated that the amount includes a previously undisclosed $39 million owed to the project’s main contractor, bringing the total financial exposure of the state to nearly $100 million.

“National Cathedral Project amounts to $58 million so far, and there is an additional outstanding $39 million payment due the contractor,” Mr Kwakye Ofosu stated. “This brings the total cost incurred for the hole at the site of the project to $97 million.”

The National Cathedral, envisioned by former President Nana Addo Dankwa Akufo-Addo as a national monument of faith and unity, has faced widespread scrutiny since its announcement in 2017. Although billed as a privately funded initiative, substantial public resources were subsequently allocated to the project, fuelling a nationwide debate on priorities, transparency, and accountability.

The Minister explained that due to what he described as “skewed contract terms,” the state continues to accrue financial liabilities on the project despite the absence of ongoing construction activities. He cited a recent audit conducted by Deloitte and Touche, which highlighted several governance and financial irregularities, including cost overruns, poor contract structuring, and a general lack of transparency.

The audit has further deepened public concerns about the project, which has become one of the country’s most contentious public infrastructure initiatives. Critics say the National Cathedral has evolved into a fiscal liability rather than a symbol of national unity.

RelatedPosts

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

The government, however, insists that it is committed to full accountability. Mr Kwakye Ofosu assured the public that further details would be disclosed as investigations continue into the financial and administrative handling of the project.

With economic pressures mounting and public finances under strain, the revelation is likely to intensify calls for a broader review of state-led infrastructure projects and their procurement frameworks.

Tags: Cost OverrunsGovernment Confirms $97m Spent on Stalled National Cathedral Project as Audit Reveals Cost Overruns and Unpaid ObligationsNational Cathedral project

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

President Mahama Secures Infrastructure, Technology, and Agriculture Deals on Japan Visit

Mida Pledges Alignment With US Strategic Shift On Millennium Challenge Corporation

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship

Nigeria Exiting Years of Economic Doldrum But Hard Road Ahead Still

Trending

Features

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

August 25, 2025

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers As anticipation builds for the...

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

August 25, 2025

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

August 25, 2025

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

August 25, 2025

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

August 25, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.