National Vice Chairman of Association of Road Contractors Ghana Mr Stephen Kweku Atatsi, has expressed concern over the persistent delayed of the government of President Nana Addo Dankwa Akufo-Addo to release funds to settle the debts owed members of Association of Road Contractors Ghana.
According to Atatsi who doubles as Manager of Supreme Bird Investment Limited, a wholly-owned Ghanaian construction company, the government of Ghana is still 2019 highly indebted to road contractors who are yet to be paid funds running into the tune of about GH¢3.69 Billion.
He pointed out that although the Association of Road Contractors Ghana has still on government’s neck to impress upon it to settle the debts owed members, the government has failed to pay, resulting to the death of many road contractors in the country.
“We are fed up with the government litany promise when we met at the International Conference in January 8, 2019 at the occasion when President Nana Addo Dankwa Akufo-Addo declared 2019 Year Of Road, the Minister of Roads and Highways, Mr Kwasi Amoako-Atta stated that 2019 was a year of road and 2020 also year of road and that the government would release money on February 2019 to pay the road contractors owed by the government. But annoyable we are in 2021 but we were not being by President of Akufo-Addo government, Mr Akatsi disclosed.
A report by the parliamentary committee on roads and transport has shown that the government still owes road contractors more than GH¢ 3.69 billion for projects financed from the consolidated and roads fund.
Although the government has paid over GH¢2.2 billion of the funds in arrears, the delay in settling the outstanding debt is affecting the construction industry.
In an interview with journalistsVice Chairman intimated that government is dealing with them unfairly, adding that the deliberate delayed of government to release funds to pay members of the Association is completely amounts to causing financial lost to the state.
“Our financial houses (banks) do not even want to see our faces in the premises in their banking institutions just because we owed them big and we are not in good financial position to pay back the loan facilities we secure from them because of the delay of the government to us our monies due us. Even in case If banks are collapsing because of monies we owe them, what about those of us who owe the monies. A lot of us have died, and most of our equipment is down. I doubt if any action we take against them as a group will pressurise them,” he fumed.
Please send us your articles for publication via email@example.com
Latest News In Ghana – Click Here to Read Our Latest News Stories