Ghanaian road contractors are calling on the government to settle outstanding debts totaling GH₵35 billion They have cautioned that the construction industry is on the verge of collapse due to non-payment.
Speaking on the KeyPoints wih Alfred Ocansey, the Chief Executive Officer of the Ghana Chamber of Construction Industry, Emmanuel Cherry, described the dire financial strain on contractors, many of whom have abandoned projects due to lack of funds. "As we speak, most contractors have parked from sites; they are not working.
Some of them have been bedridden, others have lost properties they used as collateral to financial institutions," he stated.
According to Mr.
