The mayor of Kumasi, Osei Assibey Antwi has appealed to the government to bail the Kumasi Metropolitan Assembly (KMA) out of its high indebtedness, which stands at GH¢54,190,458.93 currently.
The said indebtedness comprises an IGF debt of GH¢1,358,459.66; District Assemblies Common Fund debt of GH¢3,090,508.76 and Waste Management debt of GH¢49,741,490.51.
The Chief Executive said these at the 1st ordinary meeting of the 1st session of 8th Kumasi Metropolitan Assembly in Kumasi that, the indebtedness of the Assembly continues to be an albatross around its neck and hoped the government would come to its rescue.
According to him, the total debt of the Assembly has now been reduced by GH¢ 9,609,541.07 representing 15.06% of the total debt of GH¢63,800,000.00 as recorded in 2017.
The KMA boss also disclosed that the Assembly still has a string of legal cases at various stages of litigation in the courts.
He mentioned some of the plaintiffs in the cases as Zebtor Martin, Webgold, All States Constructions, Freda FD Enterprise, Waste Group Ghana Limited, Express 2020 Co. Ltd, Appollo Paints World Paints, Messrs Bonfirm Co. Ltd and Juliana Osei Bonsu who are claiming damages, breach of contract and recovery of the cost of projects and properties, among others.
Meanwhile, the KMA has decided to focus on digitising revenue mobilisation and reporting by establishing a comprehensive database of all property and their values with commercial and residential demarcations for proper tax management purposes.
The basic reason for opting for the E-tax is to enable the KMA to build a reliable revenue data base to serve as a springboard for maximizing its revenue collection.
The KMA boss noted the E-tax option ties in with the goal on Sustainable Digital Revenue Mobilisation as a priority area to mitigate challenges in revenue mobilization.
The post KMA sends SOS for bail out of huge indebtedness appeared first on The Chronicle Online.
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