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Company News of Friday, July 12, 2019
Source: www.ghanaweb.com
2019-07-12
Minister of Finance Ken Ofori-Atta
Finance Minister Ken Ofori Atta revealed that the government pays more than 94 million GH ¢ annually to individuals and indebted companies.
According to him, this is due to court orders concerning contract violations and, in large part, to compensation for bodily injury and acquisitions that can not be ignored.
This, he says, is a cost to the taxpayer.
He revealed that the current government has paid more than 280 million GH ¢ in debt since it came to power in 2017.
He added that measures had been taken to minimize as much as possible cases of judgment-related debt, including "prioritizing court cases in the legal services, ensuring that cases are settled and negotiating with the courts". plaintiffs to avoid costly lawsuits and judgments ".
Cbadiel Ato Forson, MP for Ajumako-Enyan-Esiam, asked the Minister of Finance to talk about the amount of public debt that the government has paid in debt since January.
In response to this question, the Minister of Finance stated that the government, when it took office in January 2017, faced exceptional debt of over GH ¢ 489 million.
He added that several cases were pending before the courts, of which 197 million GH ¢ crystallized, bringing the total amount to 679,066,438.15 GH ¢.
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