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
-
Reason for training professional counsellors is to heal a hurting world – CCP president
33 mins -
Woman allegedly brings dead man to bank to take out a loan
41 mins -
It’s a good feeling to score against PSG because I’m a Marseille boy – Andre Ayew
1 hour -
Joe Lartey Sr: A voice that brought life to Ghana sports and beyond
2 hours -
Bawumia promises to tackle issue most dear to Ghanaians as he begins nationwide campaign
3 hours -
Indian couple donate $24m fortune to charity to adopt monkhood
3 hours -
Australians call for tougher laws on violence against women after killings
4 hours -
African Development Council establishes mission in Benin for Francophone countries
4 hours -
Okyeame Kwame reveals his secret to longevity in music industry
4 hours -
Youthful-looking 60-year-old woman qualifies for Miss Argentina contest
4 hours -
Ejisu By-Election: Campaign heats up as NPP holds final rally ahead of Polls on Tuesday
4 hours -
Rwanda plan: Irish government wants to send asylum seekers back to UK
4 hours -
Ice cubes now cost more than bread and milk in parts of Mali
6 hours -
Titanic gold pocket watch sells for £900,000
7 hours -
Elon Musk in China to discuss enabling full self driving – reports
7 hours