Home News Pay Our GH5.9 Billion Debt To Save Our Businesses – Road Contractors To Government

Pay Our GH5.9 Billion Debt To Save Our Businesses – Road Contractors To Government

by Vesta Daily
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Pay Our GH5.9 Billion Debt To Save Our Businesses - Road Contractors To Government

The Association of Road Contractors Ghana has urged the government to resolve the GH5.9 billion owed to contractors as soon as possible in order to prevent their businesses from collapsing.

In December of last year, sector minister Kwasi Amoako Atta assured Ghanaian road contractors that the government would pay them a portion of their debt by the end of the year while gradually settling the remainder.

However, in an interview with Citi News, the National Chairman of the Association of Road Contractors Ghana, John Afful Jnr., revealed that the government only paid a small portion of the total debt.

As a result, he has urged the government to pay significant amounts owed to contractors as soon as possible in order to save their businesses and pay their creditors.

“If you announce to the whole world that you are paying contractors by the end of the year and our suppliers, our creditors, and our banks are chasing us to bring the money into an account what do we do? The Ghana road fund owes contractors GH¢5.9 billion as of the end of October 2022,” Mr Afful said.

Meanwhile, Public Relations Officer of the Ministry of Roads and Highways, Ahmad Nasir Yartey in response told Citi News, that the government will pay contractors as and when funds are released.

“Every quarter, the ministry receives some releases for the road fund so as and when we receive some releases payments will be made.”

Vesta Daily
Author: Vesta Daily

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