Business News of Tuesday, 25 March 2025

Source: www.ghanaweb.com

NITA left with only GH¢25.08 at BoG, owes GH¢813 million debt - Sam George

Minister of Communications, Digital Technology, and Innovations, Samuel Nartey George Minister of Communications, Digital Technology, and Innovations, Samuel Nartey George

The Minister of Communications, Digital Technology, and Innovations, Samuel Nartey George, has disclosed that the National Information Technology Agency (NITA) has only GH¢25.08 in its account at the Bank of Ghana, despite having accumulated a debt exceeding GH¢813 million.

According to him, this raises serious concerns about the agency's ability to fulfill its financial obligations and sustain its operations, especially as it plays a crucial role in the country’s digital infrastructure and innovation initiatives.

Addressing journalists on Monday, March 24, 2025, Sam George described the situation as an alarming case of state capture, emphasising the financial struggles facing NITA.

He stated, “The National Information Technology Agency (NITA), for example, has 25 Ghana cedis, 8 pesewas as its bank balance at the Bank of Ghana. Meanwhile, the agency owes GH¢813,486,505.89. This is the ministry we took over.”

He further revealed that NITA has been locked into a contractual agreement with a third-party vendor, whom he has since summoned for questioning.

"NITA has a certain contract arrangement with a third-party vendor. I have summoned that third-party vendor to appear before me tomorrow because I do not understand how all the revenue coming to NITA is being redirected. The previous administration signed a contract that diverts all of these funds, giving them to a third party,” the minister said.

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