Government projects are not free money, I borrow to execute them – Kofi Akpaloo

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Kofi Akpaloo, the Presidential candidate of the Liberal Party of Ghana (LPG), has strongly refuted claims that he receives government contracts for free.

In a recent interview on Hitz FM’s Cruise Control with Mercury Quaye, Akpaloo clarified that, contrary to popular belief, he often has to secure loans to execute the projects he undertakes.

“I am not a criminal, but I am a businessman,” Akpaloo stated firmly. “Nobody gave me money to supply, so I had to borrow money from the commercial bank to execute the project.”

Akpaloo emphasized that obtaining a government contract does not mean immediate access to funds from the government or any agency.

He pointed out that there is a misconception that once a project is awarded, the recipient receives financial support upfront.

“People think the moment you get the project, it would mean the government or agency has given you money to supply or thrive,” Akpaloo explained.

“No, it’s not like that. I have to borrow my own money to supply, and even then, I have to hustle to get paid or even recover my money.”

He expressed frustration over the challenges he faces in securing payment after funding the projects himself, underscoring that the process is far from straightforward.

In addition, Akpaloo cautioned individuals against spreading misinformation, urging them to ensure they have accurate facts before making public statements.

“He doesn’t know what he is talking about. He should have his facts right before he concludes. They should go and do those findings before they say anything they do not know,” he asserted.

Source: myjoyonline