Road Contractors Threaten To Abandon Projects

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They alleged that the Ministry of Finance had intentionally refused to transfer funds into the Road Fund.

Mr. Hewton noted that they made several attempts to meet the Minister of Finance, Seth Terkper, to discuss the settlement of the debt, among others,  but the Minister allegedly refused to meet them.

Pranks by Government
They indicated that to help lessen their plight, contractors applied for loans from banks and  discount houses using their unpaid certificates, also known as ‘Letters of Guarantees’ as collateral but the Attorney-General and the Minister of Justice last year decided to put a stop to the practice.

To this end, they urged the AG to rescind her decision ‘in order not to totally collapse the construction sector.’

  By Melvin Tarlue
 
 
 
 

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