Home / GENERAL NEWS / Our GHC 2.9 Billion Arrears Has Still Not Been Paid- Road Contractors

Our GHC 2.9 Billion Arrears Has Still Not Been Paid- Road Contractors

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 It has emerged that total amount of money owed the contractors is GHC 2.9 Billion. This amount dates back to 2017.

Government plans to construct an estimated 6,000 Kms of roads with a further promise to complete 120 footbridges out of the estimated 200 by the end of four years.

20 interchanges have also been promised.

However the Vice Chairman of the Contractors Association of Ghana Stephen Kwaku Attatsi said the inability of government to settle these arrears on the part of government is bad faith.

“ Before the elections government debt to us accrued to contractors was GHC 2.9B. We are expecting it to go up. Sometime ago it was announced that they paid to the contractors massively. In one category zero to GHC 500.00 was paid, GHC 500.00  to GHC 1M or above was paid but since then it was not full payment to contractors. Only 40 percent owed the contractors was paid”.

Mr Attatsi who passed the comments on the 3FM’s Sunrise Morning Show said “ For sometime now mobilization has not been made and so the contractors’ pre -financed and go to whatever financial house you go and they give you 60%. This is difficult for contractors so they are unable to finish the road if the money delays”.

He is therefore appealing to the government to pay the arrears. ” Right now when you go to any financial house and you mention contstruction they don’t want to hear your name because you wont pay. Those days the banks chase after us to come for loans now they don’t come.”


Source: 3news


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