A Kumasi Excessive Courtroom has granted an order to FREDCO FD Firm Restricted, a sub-contractor with the Kumasi Metropolitan Meeting (KMA), to promote the Meeting’s administration block to defray a debt of virtually GH¢5 million.
The order was granted the contractor on September 28,2021.
In 2016, FREDCO FD obtained an analogous order and took three automobiles of the KMA promising to go for extra immovable properties if the quantity from the sale of the automobiles was not sufficient to defray the debt.
The Judgement creditor (FREDCO FD) in 2017, secured an analogous order to grab three different buildings together with the Kumasi mayor’s residence at Plot no. 9 Outdated Peters Avenue at Nhyiaeso.
Members of the Meeting final week threatened to withstand makes an attempt to substantiate any nominee as Chief Government till the central authorities pays off the Meeting’s excellent money owed.
As of thirty first December 2016, KMA’s monetary liabilities stood at GH¢119,213,333.22 as captured within the sessional deal with on eleventh and twelfth Might 2017 by the then Mayor, Osei-Assibey Antwi.
In a span of 4 years, the KMA owes its contractors and enterprise allies over GH¢50 million, a state of affairs that pressured the Meeting to ask the central authorities for bailouts.
In line with the 2020 Auditor Common’s report, KMA used GH¢670,720.78 of its District Meeting Widespread Fund (DACF) to pay judgment debt to some 4 contractors.
The Auditor-Common really helpful the Meeting to refund the penalty paid from the Meeting’s Inside Generated Funds (IGF) into the DACF.
In the meantime, the President’s nominee for KMA Chief Government, Samuel Payne, has lamented that “even when I’m going via the affirmation, the monetary misery of the Meeting will impede the graceful working of KMA, however we’re assured that every one these points might be sorted out as a result of we’re assiduously in talks with central authorities to settle the debt”.
Supply: Ghana/Starrfm.com.gh/Bediako Justice
