Alhaji Banda returns allowances

The Executive Chairman of Antrak Group of Companies, Alhaji Asoma Banda, has returned a cheque for ?1,278,750 which is his monthly allowance as a member of the board of the Ghana Ports and Harbours Authority.

He has, therefore, renewed his appeal to other members of boards of state-owned enterprises to forgo their allowances and other perks as their support for efforts to bring the country out of its current financial and economic predicament.

He said the financial constraints being faced by the NPP Administration are very herculean and every Ghanaian placed in a responsible position must contribute a little to get the country’s economy out of the woods.

In a statement issued in Accra at the weekend, he pointed out that the global economy is very gloomy and all Ghanaians must demonstrate to the international donor community their preparedness to help the government resuscitate the economy. Alhaji Banda revealed that from his own personal research and calculations, the government pays a huge amount of about $7 million annually as allowances to board members.

In four years, that is, at the end of Kufuor’s Administration, the government would have paid a colossal sum of nearly $30 million to the board members as allowances