The President Akufo-Addo has disclosed that the erstwhile National Democratic Congress (NDC) administration bequeathed to the current government inflated contracts to the tune of 5.7 billion Ghana cedis which have since been cancelled.
According to him so many of the contracts awarded under former President John Mahama's leadership were inflated which resulted in eight billion cedis in arrears being bequeathed to his administration.
Akufo-Addo at today's Meet The Press session in Accra said the government is currently resisting the temptation to award contracts when it does not have the funds to finance such projects.
He said: "We are resisting the temptation to award contracts when funds are not available to pay for the certificates as they come up.
"Those who conduct business with the government will find out that things are being done differently. We've had to subject eight billion cedis of arrears bequeathed to us at the beginning of 2017 to a process of audit review and validation.
"The audit service has certified payments to the tune of 5.5 billion cedis and rejected about 5.7 billion cedis, representing a potential savings of 51% of these outstanding commitments.
"This shows the validity of our criticism that so much of contracts awarded in the Mahama era were inflated and are currently in some cases non-existent".
He, however, vowed that his bid to protect the public purse will not negatively affect businesses with legitimate contracts with the state who will be paid.
"I have promised to protect the public purse and I am doing just that. Those who have done honest work in an honest way for the government will get paid and paid on time so that their profits don't get swollen up in bank interest and thereby threaten the collapse of their businesses".
Source: graphic.com.gh
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
Shi thole President.
SO BAD
we told you smoking wee is not good the old man cant not read and understand he keep lying mutumbanza vic and mutumbanza president
ONE-DISTRICT, ONE-FACTORY. ONE-DISTRICT, ONE-DAM. ONE-DISTRICT, ONE-MILLION DOLLARS. (US$1,000,000). ONE-DISTRICT, ONE-FREE SHS. ONE-DISTRICT, ONE-VIGILANTE GROUP. ONE-DISTRICT, ONE-UNEMPLOYMENT OFFICE. OH! MIRACLES, SIGNS AND WONDERS. CHRISTMAS IS COMING AGAIN. THE PEOPLE ARE WAITING. ROADS. INFRASTRUCTURE. EDUCATION. BUSINESS. HEALTH CARE. PROSPERITY. THE ECONOMY. THE SOCIETY. THE PEOPLE. the promised land. Please talk less and do more. We have heard enough. Let us be DOERS of the WORD and not only PREACHERS of the WORD to deceive ourselves. time is ticking by. within the next 2 years and eleven months (35 MONHTS) and a few days, it will be over. we will have to decide again. JUST DO WHAT YOU CAN DO TODAY. LEAVE TOMORROW ALONE. TOMORROW WILL TAKE CARE OF ITSELF. just a thought. get to work. stop complaining.
the reason why I wish the SP has started work since last year is due to these ed10tic ndc followers. i blame u nana for their comments bcos the talk is too much. if possible just keep quiet and lets facilitate the work of the SP. if their leaders are being prosecuted and jail, they will not need anyone to tell them the extent of mess they left behind. like the say actions speak louder the words. so let the actions speak for u Nana. I believe u but those ndc followers with dead brains will not.
Mr president,what is the meaning of this arithmatics We've had to subject eight billion cedis of arrears bequeathed to us at the beginning of 2017 to a process of audit review and validation. "The audit service has certified payments to the tune of 5.5 billion cedis and rejected about 5.7 billion cedis, representing a potential savings of 51% of these outstanding commitments. How can they reject 5.7 and that will form 50% of 8 billion Check again
To all the contributors below keep silent and that makes sense to us.
how do you compare your approval percentage in your first year in office to that of mamama's last year and expect us to applaud you.in any case is your savings in the %tage approvals or your so called economic god did the calculations for him bcos the nana addo l know does not do maths. what has changed? Ghs145m? whay are we comparing? no matter how long a road winds, it ends up somewhere.
The president has every right to let the people of Ghana know the dubious deals which were done under the watch of Mahama.
Nana please you are no more in opposition ooo. Kindly walk the talk. The youth are patiently waiting for the factories promised them as unemployment keeps risig