Tuesday, June 15

Tag: Senior

Restore reputation with payment of contractors Economist tells Government
Business

Restore reputation with payment of contractors Economist tells Government

The next government irrespective of which political party wins the Presidential Elections in December, from 2021 must restore government’s reputation by paying all contractors. Mr Habibu Adam, a Senior Economist at the Office of the Senior Minister said in an interview in Accra on Sunday that in the past, banks used to chase people for loans and were ready to finance GOG contracts; “but in recent times, banks are not enthused about GOG contracts. “In fact, you must secure it fully before they will advance monies to you. This is not good for any economy. It makes cost of capital very high because there is always the feeling that government will not pay on time even when construction is done ahead of schedule”. He said Government must therefore work to ensure that the way in wh...
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