
Audio By Carbonatix
The Association of Building and Civil Engineering Contractors of Ghana has welcomed the release of funds for payment for their works but wants government to adhere to the payment terms of contracts.Government yesterday in a statement announced the release of a total of over one billion Ghana cedis to fund the operations of statutory bodies in the first five months of 2012. Out of this, the GET Fund which the contractors have executed projects for received almost 185 million.The Technical Committee Chairman of the Association of Building and Civil Engineering Contractors of Ghana, Rockson Dogbegah has been speaking with JOY BUSINESS.“If government is releasing funds for the first five months of the year, it implies we would still have about 2 months in arrears. We understand the constraints of government but we would appreciate if government makes funds available on time for projects to prevent the fall in the value of our money” he noted.The standard conditions of contract require that within 28 days upon submission of a certified claim, payment must be made but this unfortunately doesn’t happen. We would want to see the situation where government would honor this obligation. If not it has an effect on the performance of contractors because if there is no money, it is difficult for the contractor to do his work” he concluded”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Musician KooKusi’s ‘This Ability EP’ accepted into prestigious European mental health arts catalogue
5 minutes -
Falling gold prices raise concerns over Ghana’s economic outlook
5 minutes -
CUTS calls on government to increase allocation to Road Fund in 2026 Mid-Year Budget
13 minutes -
Daboya–Mankarigu residents urge Roads Minister to intervene in delayed road project
20 minutes -
Police summon Kwadwo Safo Akofena over shooting incident involving former Dome-Kwabenya MP
27 minutes -
Firearm cannot be displayed without IGP’s approval – Security expert
29 minutes -
Private security firms cannot legally arm guards for self-protection – Dr Adam Bonaa
31 minutes -
The Million dollar bank in every university
43 minutes -
Ghana highlights disability inclusion progress at UN Conference in New York
50 minutes -
Ghana calls for stronger global support for disability inclusion at UN conference
1 hour -
Gender Ministry begins community dialogue on social protection in Northern Region
1 hour -
Ghana seeks greater investment and renewable energy support through SEforALL partnership
1 hour -
Ghana deepens energy partnership with SEforALL to advance energy access, sustainable development
1 hour -
GhYA urges National Research Fund to prioritise young scientists and research infrastructure
2 hours -
Kwaku Azar to deliver lecture on political parties’ drift from visions and ideologies
2 hours