Government sits on timebonb over looming $9 million dollar judgement debt

Government sits on timebonb over looming $9 million dollar judgement debt

- The seat of the president is feared to be sitting on a time-bomb with regards a looming judgement debt

- This is after the Mahama administration signed a contract for 43 bullet-proof vehicles from Dubai

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It’s been barely 5 months since the NDC administration took office but already, signs of a looming judgment debt crisis are shaking the foundations of the presidency.

READ ALSO : Assemblyman alleged to have instigated Capt. Mahama’s killing reports to police

Government sits on timebonb over looming $9 million dollar judgement debt

Government sits on timebonb over looming $9 million dollar judgement debt (file photo)

This is all because of a gargantuan $9 million dollar contract the Mahama administration is believed to have awarded to Amalgamated Security Services LTD on January 3rd for the procurement of a fleet of 43 high-classed vehicles for the presidency.

This contract is on the balance at the moment especially as the presidency under Nana Addo has placed a moratorium on the procurement of fleets of vehicles for government so as to cut down cost.

But YEN can confirm that these vehicles are all locked up somewhere in Dubai waiting to be cleared for use at the Flagstaff house.

According to a Citi Business report, the fleet of presidential cars were earlier planned and distributed in a such a way that 27 of them will go to the presidency as the remaining get taken to the office of the first and second ladies.

The leaked report further reveals that out of the fleet of cars, 5 bullet-proof executive Mercedes Benz will be going to Nana Addo and Bawumia together with a fully-furnished ambulance each and pick-up trucks

Should this contract be cancelled, government is bound to face a grueling judgment debt crisis as the Mahama administration has already signed for the cars to be released.

READ ALSO: Photos provide insight into life of Captain Mahama

Meanwhile, the president of the republic is documented to have warned his chief of staff never to award any contracts until further notice on how best to deal with the messed economic situation of Ghana.

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Source: Yen

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