• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Derkak Construction Company demands debt settlement by Tema Metropolitan Assembly

5 years ago
in Business, highlights, Home, home-news, latest News
1 min read
0 0
0
Tema Metropolitan Assembly - norvanreports

Tema Metropolitan Assembly - norvanreports

195
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Derkak Construction Company is demanding that the Tema Metropolitan Assembly (TMA) pays monies owed the company following the procurement of 3,000 streetlights by the company for use in the Metropolis.

According to reports Derkak Construction Company was contracted by TMA to procure and fix 3,000 streetlights in the Tema Metropolis.

Norvanreports understands that the Assembly is said to have agreed to pay 40 per cent of the contract sum after a successful procurement with the remaining 60 percent paid in installments as the streetlights were being fixed.

TMA is said to however, defaulted in paying the agreed contract sum leading to the company initiating a suit against the Assembly.

The contract sum is however unknown.

The suit filed against TMA by Derkak Construction Company at an Accra High Court, was ruled in favour of the company. The Assembly was subsequently instructed by the High Court to make payments to the company.

TMA, despite the court’s order has still failed to settled debts owed the firm.

RelatedPosts

AGI Presses GRA to Curb Illicit Imports as Cedi Appreciation Fuels Influx of Goods

Degas Ltd Pledges $100m to Position Ghana as Africa’s First AI-driven Agriculture Hub

Gold Fields Boosts H1 2025 Earnings, Eyes Reinvestment in Tarkwa as Damang Transition Looms

Reports indicate that, Derkak Construction Company on December 22, 2020, besieged the TMA with police officers to seize three pick-up vehicles and a Prado belonging to TMA in a bid to recover the debt.

Meanwhile, a court notice issued over the unpaid judgement debt has been pasted all over the walls of the TMA.

The court notice reads, “Whereas the writ dated 1st day of September 2020 at Accra, has been issued under the hand of his Hon. Lordship Justice Anin Yeboah, Chief Justice of Ghana at the instance of the judgment creditor DERKAK Con. Co. LTD for the attachment of the moveable and the immovable property of the judgment debtor Tema Metropolitan Assembly in the above-named suit.”

“The said judgment Debtor is hereby prohibited from alienating the property mentioned by sale, gift or in any other way and all persons are hereby prohibited from receiving the said property by purchase, gift or otherwise,” it further read.

Source: norvanreports
Tags: 3000 streetlightsdebtsDerkak Construction CompanyTema Metropolitan Assembly
No Result
View All Result

Highlights

President Mahama’s High-Stakes Gamble: Is Ghana Giving Away Too Much to Foreign Investors?

Ghana, Côte d’Ivoire to see Limited Gains From Higher Cocoa Prices – Fitch Solutions

Seria A: Five New Faces to Watch as The 2025/26 Season Kicks Off on August 22

Alcaraz and Djokovic Set for Potential Showdown at the US Open

Economist Cautions Against Scrapping Minimum Capital Requirement for Foreign Investors

Government to Cut Effective VAT Rate to 20% From 2026

Trending

Business

AGI Presses GRA to Curb Illicit Imports as Cedi Appreciation Fuels Influx of Goods

August 22, 2025

AGI Presses GRA to Curb Illicit Imports as Cedi Appreciation Fuels Influx of Goods The Association of...

Degas Ltd Pledges $100m to Position Ghana as Africa’s First AI-driven Agriculture Hub

August 22, 2025

Gold Fields Boosts H1 2025 Earnings, Eyes Reinvestment in Tarkwa as Damang Transition Looms

August 22, 2025

President Mahama’s High-Stakes Gamble: Is Ghana Giving Away Too Much to Foreign Investors?

August 22, 2025

Ghana, Côte d’Ivoire to see Limited Gains From Higher Cocoa Prices – Fitch Solutions

August 22, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.