The Ministry of Finance disclosed that over GHS 300 million was paid in judgment debts by the Akufo-Addo government between 2017 and 2022.
According to documents provided in August 2023, the Ministry of Finance stated that a total sum of GH¢300,385,317.52 was disbursed during this period.
This was contained in a documents as a response to a Right to Information (RTI) request filed by Accra-based JoyNews,
According to the Finance Ministry, these payments were made to over 70 individuals and entities. 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.
