The Ghana Chamber of Construction Industry (GhCCI) has raised alarms over the severe financial distress faced by contractors, consultants, and suppliers due to delayed payments of Interim Payment Certificates (IPCs) promised by the government.
In a letter addressed to the Minister for Roads and Highways, Hon. Kwame Governs Agbodza, GhCCI highlighted that despite President John Dramani Mahama’s assurance that outstanding payments would be cleared by the end of July 2025, the commitments remain unmet.
The prolonged delays, the Chamber stated, are crippling the construction sector. Contractors are struggling to meet payroll and operational costs, while consultants and suppliers face mounting arrears. The sector is also increasingly exposed to legal and financial pressures from statutory institutions such as the Social Security and National Insurance Trust (SSNIT) and the Ghana Revenue Authority (GRA) over unpaid deductions and taxes.
“These pressures not only undermine confidence in government’s payment credibility but also risk halting critical infrastructure works nationwide,” GhCCI said.
READ: Immediately release all outstanding IPCs – Chamber of Construction to Gov’t
The Chamber urged the government to immediately release all outstanding IPCs and to establish a transparent, time-bound payment schedule for future disbursements. GhCCI also called for stakeholder engagement to monitor the disbursement process and restore trust in the construction payment ecosystem.
Emmanuel A. Cherry, Chief Executive Officer of GhCCI, emphasised that prompt action is critical to safeguard jobs, ensure continuity of operations, and protect the integrity of the government’s Big Push Agenda, which aims to transform Ghana’s infrastructure landscape.
Below is a copy of the letter:
Source: Starrfm.com.gh
