The Centre for Policy Scrutiny (CPS) has raised concerns over Ghana's public investment programme, revealing that government projects valued at GH¢30.7 billion remain unfunded despite recent improvements in key fiscal indicators.

According to CPS, while the government's latest fiscal results point to improved revenue collection and tighter expenditure controls, a significant number of planned infrastructure and development projects still lack committed financing. The think tank argues that this disconnect could delay the completion of critical projects and affect economic growth.

The concerns come amid the government's continued emphasis on fiscal discipline and economic recovery. The Ministry of Finance has highlighted improvements in budget management, including stronger revenue mobilisation and controlled public spending, as part of efforts to restore macroeconomic stability.

CPS, however, maintains that improved fiscal performance alone is insufficient if key development projects remain unfunded. It has called on the government to publish clear financing plans, prioritise viable projects, and improve transparency in public investment decisions to ensure value for money.

Policy analysts believe the issue highlights the challenge of balancing fiscal consolidation with infrastructure development. While maintaining budget discipline is essential, they argue that delayed projects can increase costs over time and slow job creation and economic expansion.

The think tank has urged the government to strengthen project planning and improve public disclosure on funding arrangements to enhance accountability and public confidence in the implementation of national development programmes.

The CPS report serves as a reminder that stronger fiscal indicators do not automatically translate into funded development projects. As Ghana continues its economic recovery, ensuring that priority infrastructure projects receive sustainable financing will be critical to achieving long-term growth and improving public services.