The Ghana Chamber of Construction Industry has threatened to take legal action against government, for failing to pay over 10 billion cedis accrued debt its owes contractors.
The contractors lament that for over four years now, government has stalled to pay contractors for work done. A situation they say is having a negative toll on both businesses and their personal lives.
Speaking at a Press Conference in Accra, the Chief Executive Officer of the Ghana Chamber of Construction Industries, Emmanuel Cherry said their members will resort to the courts to compel government to pay them.
“Approximately 10 billion Ghana cedis is in arrears as we speak. We are even being charitable with the figure. If we should log all together with the interest upon interest of delayed payment, it will be more than this honestly speaking. So just imagine, government owing contractors such debt portfolio, see what it can do for the economic fiber of the country. so the reason why people are crying that there’s no money is because government has failed to pay contractors”.
The Chief Executive Officer of the Ghana Chamber of Construction Industries, Emmanuel Cherry further stated that so if our chairman is threatening that we’ll take legal action against government, it is because of this. We have waited for too long and the time has come”.
The Chamber is also demanding government to make an account to Ghanaians on how much of the proceeds from the E-levy has been invested into infrastructure development.
Source: citibusinessnews