Private local television, TV Africa has terminated contracts with some of it’s workers.

In a termination letter sighted by Razzonline.com,the managing director of the popular Television station Mr. Ekow Blanckson explained that TV Africa is cash-strapped and struggling to raise the needed funds in paying its staff thus the decision to terminate the contracts with some staff.

The letter directed the sacked staff to see the HR for all clearance processes and return all company assets in their possession within a week of receipt of their termination letter.

It would be recalled that ,a private financial holding company, the Ideal Group, acquired a majority share in TV Africa after 13 years of operation from the old Kwaw Ansah’s management.

The re-branding process brought on board Ghanaian politician and journalist, Obuobia Darko Opoku, actress Nikki Samonas and Khadijat El- Alawa as morning show hosts.

Below is the full statement: