Ghana tomorrow logo
Business

Construction Industry Chamber Demands GH₵40B Payment from Ghana Gov't

Ghana's construction industry leaders demand action on GH₵40 billion government debt, highlighting severe financial strain on contractors and urgent need for promised payment disbursement.

ParEdwin Gyimah
Publié le
#ghana-construction#government-debt#infrastructure-development#contractor-payments#economic-policy#mahama-administration#construction-industry#ghana-business
Image d'illustration pour: Why GHCCI is unhappy with President Mahama

GHCCI Vice Chairman Nana Opare Kwafo II addresses concerns over delayed contractor payments

The Ghana Chamber of Construction Industry (GHCCI) has intensified pressure on President John Dramani Mahama's administration to fulfill its GH₵40 billion commitment to contractors, highlighting growing concerns in Ghana's construction sector.

Financial Distress Among Contractors

Speaking on Peace FM, GHCCI Vice Chairman Nana Opare Kwafo II acknowledged the president's initiative but expressed disappointment over the lack of official communication regarding the promised July 2025 payment schedule. The situation mirrors broader challenges in Ghana's public sector financial management.

"From January he (Mahama) has been doing well to fulfill some of his promises but his promise to contractors was made two months ago and we have not heard anything since then," Nana Kwafo stated.

Impact on Contractor Communities

The financial strain has led to severe consequences for contractors:

  • Loss of personal properties
  • Inability to meet medical expenses
  • Challenges in paying children's school fees
  • Mounting household financial pressures

Government's Payment Promise

During a recent meeting with the Council of State, President Mahama's administration announced plans to begin clearing these debts, with Finance Minister Dr. Cassiel Ato Forson allocating funds for outstanding arrears.

Legacy Debt Challenge

Roads and Highways Minister Kwame Governs Agbodza revealed that the previous administration left a staggering GH₵135 billion debt in the road sector, including:

  • GH₵100 billion in commitment debt
  • GH₵20 billion in unpaid certificates
  • GH₵15 billion in Road Fund certificates

The Chamber continues to advocate for expedited payment processes to prevent further financial distress among its members.

Edwin Gyimah

Ghanaian journalist, covering African affairs for the past 10 years.