Audio By Carbonatix
In response to a Right to Information (RTI) request filed by JoyNews, the Ministry of Finance disclosed startling figures regarding judgment debt payments made by government between 2017 and 2022.
According to documents provided in a letter dated August 2023, a total sum of GH¢300,385,317.52 was disbursed during this period.
The documents reveal payments made to over 70 individuals and entities, indicating a wide distribution of funds among various recipients. Among the notable beneficiaries are companies like NDK Financial Services, Vacuum Salt Products, Balkan Energy, and several others.
The breakdown of payments by year and recipient is as follows:
2017:
- Albert Osei - GH¢279,412.83
- Daniel Nii Quartey and John Addai - GH¢35,300
- Madam Martha Wood - GH¢306,800
- NDK Financial Services Limited - GH¢29,510,855.06
- NDK Financial Services Limited - GH¢20,000,000
- Moses K. Yeboah - GH¢157,596.91
- Asmona Limited - GH¢2,400,000
- Yaw Eliasu & 57 Others - GH¢502,025.61
- Vacuum Salt Products Limited - GH¢57,202,751
2018:
- M/S Jubilee Tractors and Assembly Plant Ltd - GH¢30,912,310.44
- Benjamin Osei Afeng - GH¢26,568
- Francis Donkor - GH¢23,775
- W.O.1 (Rtd) Adjei Boadi - GH¢92,373
- Ex-Workers of the SFC - GH¢891,002.50
- Richard Peprah - GH¢290,000
- Stephen Arthur - GH¢800,000
- J.W.K. Asigbe & 22 Others - GH¢2,134,757.28
- Felix Kwame Ferka - GH¢49,541
- NDK Financial Services - GH¢50,000,000
- Balkan Energy Limited - GH¢67,023,490.17
- M/S Electrical Engineering - GH¢850,000
2019:
- First Love Church - GH¢136,500
- Benedicta Tamakloe - GH¢2,550
- Nana Yaw Agyei - GH¢1,020
- Mr. & Mrs. George Williams - GH¢7,142.55
- Chude Mba - GH¢3,771,957.26
- Madam Theresa Tinkorang - GH¢3,510,000
- State Housing Company Ltd - GH¢143,677
- Samuel Adumoah Okwei and 2 Others - GH¢808,169.81
- Ideal Finance Limited - GH¢5,412,279.60
- Nana Namoakah Arizie III - GH¢176,500
The disbursements ranged from a few thousand cedis to over GH¢50 million, with the highest amounts predominantly allocated to corporate entities.
This disclosure sheds light on the significant financial implications of judgment debt payments on the Ghanaian economy during the specified period.
Latest Stories
-
Only court orders can override constitutional safeguards in arrests – Justice Abdulai
1 minute -
I never stopped anyone from travelling as AG – Dame condemns arrest of former NAFCO CEO
15 minutes -
I’ll choose a stepfather any day; a stepfather shaped the man I am today – Konnected Minds founder
19 minutes -
Parents should sue WAEC over examination leakages – Prof. Antwi
23 minutes -
School admissions should be based on merit, not protocol – Prof. Opoku Antwi
27 minutes -
When the waters recede, public health must lead
29 minutes -
A friend inspired me to build a Caribbean restaurant in US – Prof. Opoku Antwi
31 minutes -
I used to sell Chinese clothes in London – Konnected Minds Podcast founder
41 minutes -
Hanan arrest based on frozen bank account claim is ‘comical’ — Godfred Dame
45 minutes -
‘Security agencies are the biggest abusers of constitutional rights of Ghanaians’ – Justice Abdulai
1 hour -
How a stranger ‘miraculously’ gave me his house when I arrived in the US – Prof. Antwi shares
1 hour -
Ghana Battalion 14 completes reconnaissance mission ahead of UN peacekeeping deployment in South Sudan
2 hours -
HAWA Project Manager calls for climate-responsive humanitarian systems as extreme weather intensifies
2 hours -
KMA ‘samansaman’ arrests 13 over poor sanitary practices in their homes
2 hours -
KAIPTC opens HAWA 2026, calls for stronger regional cooperation to tackle West Africa’s humanitarian crises
2 hours