Mr. Rockson Kwesi Dogbegah, Chairman Association of Ghana Industries (AGI) Construction Sector, has called on government to pass the Construction Industry Development Authority (CIDA) bill to regulate activities in the construction industry. He said this is necessary to help build an “indigenised globally competitive construction industry that promotes excellence and supports national development”.
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.