Smarttys Ready To Cough GH¢1,548,608 By March 2016

Lawyers for Smarttys Management and Productions Limited have reached agreement with the Attorney General to make full payment of GH¢1,548,608.04 collected for re-spraying and branding of 116 new buses for the Ministry of Transport, by the end of March this year.

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This follows the directive by the Chief of Staff to the Attorney General to recover excess payment for the controversial contract.

Selassie-Ibrahim-620x400-620x400.jpgA statement from the Flagstaff House said a payment schedule submitted by lawyers for Smarttys indicated that the said amount will be made in three installments with the first to be paid by the end of January, 2016.

Also, Attorney General has confirmed that the total amount to be refunded has been reviewed from GH¢1.9 million to GH¢1,548,608.04, due to the revised Value Added Tax position, revised Withholding Tax position and a set-off of GH¢27,173.74 being over deduction of withholding tax on the original payment.

“Government’s decision to spend GHc3.6 million of Ghana’s oil revenue on re-branding some 116 Metro Mass Transit (MMT) buses has been widely criticized by many Ghanaians,” it said.

Source: Newsghana.com.gh

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