Home Business Amoako Attah says that the government will assist the local contractors with art equipment at affordable interests.

Amoako Attah says that the government will assist the local contractors with art equipment at affordable interests.

by The Ghana HIT

Kwesi Amoako Attah, the minister-designate for Roads and Highways, has assured the local contractors that the government will provide art equipment at reasonable rates. He gave this assurance during his vetting at Parliament’s Appointments Committee on Tuesday, February 16, 2021.

“It is very sad and pitiful that as of today if we subject our local contractors to competing for international biding, they will fall short. A lot has been done to beef up their capacity but almost all our contractors prefer to remain as individual contractors and do not want to come together to pull resources and that is lacking yet that is the way we can build their capacity.”

“Road construction is capital intensive and if they continue to operate as individuals, it will be difficult to build their capacity. As a government, great effort must be made to pay them regularly so they don’t lose out on high-interest payments to banks on the monies they pay. We are also planning – it has not materialized yet, but I believe within a year from now, of arranging a facility to bring in some equipment to support contractors, in an attempt to build their capacities, at a very reasonable interest,” he said.

Besides, Kwesi Amoako Attah also revealed a new clause that has existed since 2015 in all global contracts the country signs with contractors, to include their local compatriots. “Again, every contract we’ve signed since 2015, there is a clause of adding 40% local content and government insists on that, not only in the roads ministry but in all other sectors. We do that to ensure that through tech transfer, our contractors will take part in these contracts,” he elaborated.

You may also like

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More