Audio By Carbonatix
Fellow in charge of Finance and Economy Pillar at the Centre for Social Justice (CSJ), Dr. Theresa Blankson, says judgement debts cannot be avoided in the business of governments.
According to her, while judgment debts are inevitable in any working government, the magnitude and persistence of such judgement debts can be a cause for alarm.
“Judgement debt can be expected in the business of government, we cannot avoid that. But I think it’s the volume or the magnitude that we need to be concerned about and also the persistence with which we continue to deal with colossal sums like these huge numbers that are being churned out,” she said.
Her statement follows JoyNews’ investigation which discovered that since 2017 government has paid judgement debts totaling ¢125 million.
The Highest Judgment debt was paid in 2018. An amount of 30.9 million cedis was paid to Jubilee Tractors and Assembly Plant Limited.
This arose from a case filed against the National Security Council. In 2017, an amount of 29.5 million cedis was paid to NDK Financial Services.
A close comparison of the various years shows that the highest amount paid since the NPP took over government was in 2017 when payments totalled ¢54 million.
A 2021 research published by the Centre for Social Justice shows that this ¢125 million figure comes nowhere near the whopping ¢356.6 million debt paid by the NDC administration in 2010.
Speaking on JoyNews’ Newsfile on Saturday, Dr. Theresa Blankson noted that taking into consideration the infrastructural deficiency this country suffers, it poses a matter of great worry if such huge sums are being churned out year after year to pay for judgement debts.
“And when you think about it within the context of the enormous developmental challenges that the economy faces, particularly when you talk about healthcare, when you talk about education where we have still in this day and age pupils being taught under trees, school buildings in bad shape, and also when you think about even our health facilities which are not well adequately strengthened to take care of the population.
“Within that framework, considering also the high youth unemployment rate that we have, high levels of poverty, I think it makes sense to really think about the numbers that have been churned out. So I think it is a worrying trend and my expectation after we did our analysis for the 2000-2019 period was that this was going to be nipped in the bud but we’re still hearing the story,” she said.
So far, ¢2.8 million in judgment debt has been paid by government in the year 2022.
Latest Stories
-
SpaceX IPO makes Elon Musk the world’s first trillionaire
6 minutes -
Assin Adubiase Methodist Basic School marks 120 years of educational excellence
9 minutes -
Beyond the Return: How the diaspora homecoming movement is reshaping who owns Accra’s prime real estate
19 minutes -
Thomas Partey denied entry to Canada, unable to play Ghana’s World Cup opener
21 minutes -
Thomas Partey denied entry to Canada, unable to play Ghana’s World Cup opener
23 minutes -
Nii Lante Vanderpuye resigns as DRIP National Coordinator
28 minutes -
From Ghanaian passport to Ghanaian Property: Why African Americans are betting on Ghana’s real estate boom
28 minutes -
Francis Adoba Arhin aka Master Arhin
42 minutes -
Death by neglect: Why building collapses continue to haunt Ghana
49 minutes -
Gov’t releases over GH¢76M to support Black Stars’ World Cup campaign
1 hour -
Assin Fosu MOFA launches ‘feed Ghana’ school project to promote food security and agricultural skills
1 hour -
Nigeria killed more than 13,000 ‘terrorists’ in past year, President Tinubu says
1 hour -
US extradition of convicted former MASLOC chief hands Ghana a historic cross-border justice win
1 hour -
Ghana’s system makes it difficult for entrepreneurs to succeed – Crown Peak Holdings CEO
1 hour -
Public health officers urge vigilance against disease outbreaks during rainy season
2 hours