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    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

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    Ghana tops list of countries with cheapest cost of electricity in West Africa

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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Road contractors give government 14-day ultimatum to pay arrears

October 27, 2020
in Local Economy, Top Stories
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The Ghana Chamber of Construction Industry has given the government a 14-day ultimatum to pay all outstanding debt owed its members.

The road contractors have threatened to demonstrate should their warning fall on deaf ears.

According to the Chamber, the government’s inability to pay them their due has led to the loss of jobs and properties used as collateral by its members for bank loans.

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The Chief Executive Officer (CEO) of the Chamber Emmanuel Cherry, told Citi News all efforts to get the government to pay their monies have yielded no results.

“We are only trying to see how best we can let cool heads prevail. Our people are agitating, they have been calling for a demonstration for a while now. But we have managed to cool them down for some time. And when you talk of contractors demonstrating, it is not just any ordinary one you see on the streets. They are going to block the roads with heavy-duty machines among others. If you owe a contractor, the effect trickles down to all spheres.”

He said the leadership of the chamber will give contractors the green light to pursue their careers as they deem fit, should the government turn a blind eye to their concerns.

“As a chamber, we have decided to engage the government further. So we have given them a 14-day ultimatum, starting from today the 27th of October 2020 to come out with a roadmap on payment. If nothing is done about it, the leadership of the chamber will have no other option than to allow the contractors to go ahead with their planned demonstration.”

Contractors beg Nana Addo for arrears

A group called the Association of Conscientious Public Sector Contractors in April 2020 pleaded with the government to pay the long-standing arrears owed its members.

According to the contractors, the government owes them several sums of money for projects executed for government including GETFund but are yet to be paid.

The contractors stated that the payment of their monies will not only relieve them from their accrued debt but also extend a helping hand to vulnerable persons as the country collectivizes efforts in dealing with the global outbreak of the novel Coronavirus disease.

The contractors had in the past complained that their businesses were grinding to a halt due to the government’s indebtedness to them.

In an open letter to the President, the Association said: “Payment will enable us to pay our staff, our suppliers and even pay our statutory obligations. Apart from the multiplier and stimulative effect of such action, it will also help our members give a helping hand to the needy and vulnerable in our communities. It is no secret that contractors, like other businessmen, are called upon by members of our communities to support the unfortunate ones all the time. These times have made such requests much more frequent and urgent.”

Source: Edna Agnes Boakye / citinewsroom
Tags: Ghana Chamber of Construction Industry
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