President Nana Akufo-Addo says all statutory debt accrued under the Mahama administration has been paid.
Speaking at the media encounter at the Flagstaff House Wednesday afternoon, the President said in 2017 nearly GH₵ 1 billion was paid to raid contractors.
“Government provided over GH₵ 300 million and Road Fund provided GH₵660 million,” HE said.
He added that by so doing, GH₵ 1 billion out of GH₵ 1.6 billion owed contractors was cleared.
In January this year, “we have disbursed out of a balance of GH₵ 600 million to the contractors. Additinally , we have paid GH₵ 826 million of the GH₵ 1.6 million of the loan contracted by the previous government for which the Road Fund was used as a collateral,” he told the media.
He emphasised that government’s bid to improve the microeconomic fundamentals, debts owed contractors and other people who have done work for the nation are being paid.
In further revelation, the President said, government has been able to transfer GH₵ 3.1 billion of tier two pension funds into the custodial account of the labour unions.
The tier two pension funds have been outstanding for six years and labour unions have been on warpath with the government over it for some time now.
The President also pointed out that other debts such as those owed to the National Health Insurance Scheme (NHIS), GET Fund and District Assembly Common Fund (DACF) have been paid.His Excellency Akufo Addo said salary arrears owed to teachers which were recently settled was accrued for 4 years, 2013 -2016, has also been paid.
“There regiment we have in place now is to pay government bills as they come due and not accrue arrears,” he said.
Source: Omanba Kodwo Boafo/ritefmonline.org
