Contractors want law to back interests on delayed payments

Contractors want law to back interests on delayed payments

Contractors in Ghana want government to pass a law that will enforce the payment of interests on delayed payments for public construction works.

They argue that they are overburdened with high interest rates on loans from banks and often lose out when payments are delayed without interest.

For instance, government’s indebtedness to road contractors is estimated at 600 million Ghana cedis.

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By | 2018-06-22T13:14:01+00:00 February 2nd, 2018|News|