The Ministry of Finance has revealed shocking figures on judgment debt payments made by the government between 2017 and 2022in response to an RTI request filed by JoyNews. A total of GH¢300,385,317.52 was disbursed during this time, with over 70 individuals and entities receiving payments. Beneficiaries included companies like NDK Financial Services, Vacuum Salt Products, and Balkan Energy. The breakdown of payments by year and recipient shows a wide distribution of funds, with the highest amounts going to corporate entities. This disclosure highlights the significant financial impact of these payments on the Ghanaian economy.
Find details here:
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.
There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.
1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.
2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.
3. It doesn’t cost much, and takes less time than it took to read this message.
Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
Neglected tropical diseases rising in E/R- GHS Eastern Regional Health Directorate says there is disturbing increase in cases of neglected tropical Diseases in the...
Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...