Home Economy Contractors Want More Information On The E-levy Funds Allotted For Construction Projects

Contractors Want More Information On The E-levy Funds Allotted For Construction Projects

by Vesta Daily
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Contractors Want More Information On The E-levy Funds Allotted For Construction Projects

The Ghana Chamber of Construction Industries is pleading with the government to declare funds collected from the E-levy in 2023 will be used for road construction.

In order to gain support for the E-levy Bill’s passage in 2022, the government promised to use the money raised to build more roads and address the nation’s high unemployment rate.

CEO of the Chamber Emmanuel Cherry bemoaned the payment delay to road contractors in an interview with Citi News.

“We are hoping that 2023 will be a good year for the construction sector in terms of roads and other buildings if the government doesn’t divert the funds as it has done in the past. I hope that the government upholds its promises given that the vote to increase the VAT by 2.5 percent was approved. However, we are unsure of how much of the E-levy revenue has been allocated to the construction industry at this time. We need clarity, he continued.

Road contractors across the country had on several occasions lamented about the government’s indebtedness to them.

The Minister of Roads and Highways, Kwasi Amoako-Atta indicated that government will clear a “chunk” of outstanding debts owed road contractors for work done before the end of 2022.

Vesta Daily
Author: Vesta Daily

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