Audio By Carbonatix
After months of being “deliberately ignored” by government, the Ghana Book Publishers Association has given government one week ultimatum to settle its debts in full.
The publishers said they would be compelled to take the government, represented by the Ministry of Education and GETFund, to court if it fails to clear its debt.
The publishers were contracted by the Ministry of Education to supply basic schools with atlas books in January 2011 valued over 35 million dollars.
Currently, most of the publishers are being chased by their creditors, some of them have had their machines confiscated for their inability to pay companies they sub-contracted, Executive Secretary of Ghana Book Publishers Association, Fanua Atta Frimpong has told Myjoyonline.com.
The publishers involved include Winmat Publishers Ltd., Approachers (Publishers) Ghana Ltd., Sedco Publishing Ltd. and Adwinsa Publications (Gh).
In June 28, 2013 a letter signed by the Chief Director at the Education Ministry Enoch H. Cobbinah for the sector Minister instructed the Ghana Education Trust Fund (GETFund) to pay these publishers but no positive action has since been taken, Mr. Frimpong stated.
However, he explained that about three months ago, GETFund handed the publishers a postdated cheque representing a paltry 18% of the debt. The amount, he said, could only pay the interest on the loans they contracted, which is calculated at 5% monthly. The principal they took from the bank is still standing, he added regrettably.
The Executive Secretary said after various petitions have been relegated by responsible authorities, the publishers are now resolved to go to court next week as their last resort.
He described the treatment being meted out to the publishers as “unacceptable”.
He accused public officials of showing “disrespect” to Ghanaian business owners, something Mr. Frimpong considered “demoralizing”.
Latest Stories
-
Government tackling drug trafficking head-on – Tanko-Computer assures
2 minutes -
Climate, conflict and the struggle for resources: Why peacebuilding must look beyond the battlefield
7 minutes -
GRAY Network’s Menstrual Health project transforms education in Central and South Tongu
16 minutes -
Green finance goes beyond banks and big corporations to driving climate and environmental solutions – Nanabanyin Addo-Brown
19 minutes -
The journey is short
23 minutes -
Teacher unions give government September 24 deadline to resolve promotion arrears
24 minutes -
Restoring BDC confidence helped turn around TOR – MD
35 minutes -
Chipper Cash launches bank-backed virtual accounts through collaboration with Universal Merchant Bank in Ghana
35 minutes -
I’m beginning to suspect NPP members may be involved in drug trafficking – Mustapha Gbande
38 minutes -
How hasty reading and inattention to complex texts may affect Ghanaian learners’ comprehension
42 minutes -
Public transport fares to increase by 8% from September 26
42 minutes -
How a $125m plant meant to fix Teshie-Nungua’s water crisis became a $235m judgment debt
42 minutes -
NPP calls for parliamentary inquiry into cocaine trafficking concerns
43 minutes -
Appiatse redevelopment enters final phase with 69 new housing units
44 minutes -
Ahafo Ano South West DCE was tipped to win parliamentary for NDC seat in 2028 – Ashanti Region NDC Chairman
50 minutes