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Investors Save Ghana First Company Ltd. And Its Contractors

Investors Save Ghana First Company Ltd. And Its Contractors

News Desk by News Desk
November 1, 2021
in Business, National, News
Reading Time: 1 min read
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Ghana First Company Limited, which entered into a Public-Private Partnership agreement with the MMDA’s to construct modern automated toilet facilities across all Metropolitan, Municipal and Districts Assemblies around the country in a Clean Ghana project, has signed $ 150 million financial agreement with its investors to continue and complete the projects.

From early 2019, the company came under serious criticism from its contractors for failing to pay them 60% of the contract sum. meanwhile the project is a Turn Key Project.

This development however, put the project on hold.

This paper has established that there is good news for contractors who have kept faith with Ghana First Company Limited.

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Information gathered by this paper indicates that, the Company has signed a financial agreement with its investors to continue and complete the projects.

When the paper visited the office of Ghana first company ltd, some contractor from other regions were there to check and rectify some of their documentations.

After contacting the CEO of Ghana first company ltd, Mr. Frank Akuley about this information, he neither confirm nor deny, but from the checks from Ghana first company ltd office, the paper has sighted a copy of the agreement that makes this story credible.

According to one of the managers of the company, it is the priority of Ghana First company ltd to ensure the successful completion of all the toilet facilities.

This paper is following this development closely and will inform the public when the need arises.

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