Management of the Graphic Communications Group Limited has appealed to Parliament to prevail upon Ministries, Departments and Agencies (MDAs) to pay their debts to the Company to prevent it from possible collapse.
The total debt is GH¢10,000,949.
The Managing Director, Ato Afful disclosed that MDAs account for 60% of circulation, but they tend to default in payment.
He said if this situation is not averted, it could grind its operations to a halt.
Mr. Afful made this known when the Company took its turn at the Public Accounts Committee sitting on Thursday (September 10, 2020) to respond to queries in the Auditor General’s report of 2017 which indicated that MMDAs and MDAs contributed 60% of receivables from newspaper sales.
Chairman of the Committee, James Klutse Avedzi, asked the Company’s representatives to explain reasons accounting for the high volumes of unsold papers, and the debt situation as well as strategies to tackle them.
In response, Mr. Afful said the Company has rolled out innovative ways to improve circulation and daily sales.
