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    Home»News Updates»Road minister vows to retrieve $30m from foreign contractor for no work done
    News Updates

    Road minister vows to retrieve $30m from foreign contractor for no work done

    ZamZam UpdateBy ZamZam UpdateAugust 2, 2025No Comments2 Mins Read
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    The Minister of Roads and Highways, Mr. Governs Kwame Agbodza, has registered his displeasure about what he describes as unfair and lopsided contract phrases involving a overseas contractor who was paid $30 million for highway works after no work carried out.

    The Minister throughout at interview at Pleasure fm, an area radio station in Ghana stated the contract in query was signed below a suppliers’ credit score settlement supported by the Indian Exim Financial institution.

    He famous that such agreements often permit overseas corporations to usher in their very own contractors and sources, however expressed concern concerning the situations tied to the deal.

    In keeping with him, Ghana paid about 20 % of the contract sum as mobilization to the contractor.

    Nevertheless, he claimed that even on the day a public ceremony was held to mark the beginning of labor, a number of the gear on web site didn’t belong to the contractor, elevating issues about their readiness.

    Mr. Agbodza defined that below the settlement, if the contractor raised a second cost request and the federal government did not pay inside a specified time, the contractor may legally terminate the contract and depart with the funds already paid.

    “This specific contract was written in such a method that we paid $30 million, however no work has been carried out to this point. If they don’t work as much as that worth, we must get our a refund. No quantity of conferences or conferences can change that” he stated.

    The Minister emphasised that whereas Ghana typically entered into turnkey agreements resulting from restricted monetary sources, care have to be taken to guard the nation’s pursuits in such offers.

    He referred to as on professionals concerned within the contract course of, together with legal professionals and engineers, to uphold nationwide curiosity and make sure that agreements signed are honest and useful to the nation.

    Mr. Agbodza pressured that the federal government would discover all authorized means to both get better the funds or compel the contractor to ship work equal to the quantity paid.

    By: Jacob Aggrey



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