\u201cWe are heavily owed by government,\u201d he said, adding that, \u201csome reconciliation is still ongoing but estimatedly, we should have about GHC 1.5billion\u2026if you put everything together, we are actually hitting GHC 1.7billion.\u201d<\/p>\n
In February this year, the NPA announced it had fully settled the GHC 412 million debt<\/strong><\/span><\/a> it owed the BDCs.<\/p>\n The Authority said the amount covers the last of debt owed the BDCs and the NPA boss, Moses Asaga in a statement said: \u201cI am indeed pleased to announce that the mission is accomplished.\u201d<\/p>\n But Mr. Hosi remarked that when there is such miscommunication which seems to suggest that the BDCs have been fully paid, \u201cwe send some wrong message through the financial market, we create unnecessary apprehension because they start wondering where the money is because we owe them.\u201d<\/p>\n This, he said is due to the fact that government\u2019s huge debt portfolio \u201care not debts that are just sitting on our books, it\u2019s also sitting on the books of the banks\u2026and they understand that this debt is sitting in this class of debt and all of a sudden, we hear from the public institutions that all the debt have been paid, it is not accurate.\u201d<\/p>\n He acknowledged that although the government has settled one class of debt, there are other two debt profiles the NPA is \u201cvery aware are is still outstanding and from our understanding with government, they are trying to deal with the debt in various phases.\u201d<\/p>\n \u201cSo maybe I think the suggestion was more to let the public know that they are almost done with one phase \u2013 even there, it\u2019s not a straight payment. I think it is just miscommunication<\/p>\n <\/p>\n By: Efua Idan Osam\/citifmonline.com\/Ghana![\"Moses](\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/11\/asaga_forum.jpg\")
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