Finance Minister, Dr. Mohammed Amin Adam, has announced that the government, through its advisor, has informed private banks and contractors it owes in the country about its next debt restructuring programme which involves them.
But the Ghana Road Contractors says it has not received any such offer from the government about the US$2.8 billion debt it seeks to restructure.
Gov’t turns to private banks, contractors for new round of debt restructuring
John Afful, Chairman of the Road Contractors has said the proposal might possibly be for only foreign contractors since they have no knowledge of such development.
According to him, the amount the government owes them is not to the tune of what is stated in the minister’s announcement.
“We haven’t been reached and I think what I have read was pertaining to the foreign contractors. We local contractors haven’t been approached and I don’t think we will be involved because the amount we are owed is far, far less than the $2.8 billion. What is outstanding is even less than the $1 billion, so, I don’t think we the local contractors are involved in this,” he said on Accra-based JoyNews Thursday, September 05, 2024.
Meanwhile, Mr. Afful says the group will not take part in the programme if it was added to the list.
He disclosed that government has been owing them since 2016 and they cannot be part of any restructuring.
“Hopefully, we can’t participate because our debt has been there for a very long time- from 2016 to now. So, I don’t think it will be right for any party to do anything like that. It will be very much unfair to us,” he added.
