The New Situations Corporation (NTC), publisher of the Gha­naian Situations and The Spectator newspapers, has served stumble on to its debtors to redeem their debts or face factual action.

Managing Director of the corpo­ration, Martin Adu-Owusu, educated the Public Accounts Committee of Par­liament the day before today in Accra that taking factual action towards its debtors had change into the handiest formulation out if it had been to retrieve its locked up funds from customers and distributors.

The Auditor Commonplace in its 2020 story on Public Boards and Cor­porations noteworthy that debtors of the suppose-owned media organisation possess change into numb in redeeming their indebtedness to the NTC.

“Buyer balances recorded by head place of job confirmed GH¢196,603.73 and GH¢185,935.76 in respect of stopped subscription and distributors as towards GH¢151,932.93 and GH¢124,807.19,” the story acknowledged.

Responding to the findings, Mr Adu-Owusu acknowledged though one of the debtors possess started responding following a February 1, 2023 closing date, the NTC may maybe perhaps well be exploring factual action towards recalcitrant ones.

“Now we possess made loads of efforts including the Minister of Informa­tion writing to our debtors to attain the requisite.

“What now we possess performed, since final 365 days, became to relief notices in our newspapers in yell that those that owe us would come and pay.

“The closing date became February 1. I basically possess started receiving letters from the debtors coming to put together for payments. From this stage, we are able to transfer a step extra by taking factual action towards the debtors on sage of now we possess performed all that shall we however the problem is now not making improvements to,” Mr Adu-Owusu educated the Committee.

Backing the NTC Managing Director, the Member of Parlia­ment for Ningo-Prampram, Sam George, rallied contributors and organisations indebted to redeem their indebtedness to the corporate to enable it impartial successfully.

Mr George acknowledged the locked up funds with the debtors mosey into the working of the publisher and that their failure may maybe perhaps well journey the corporate aground.

“To all those owing the NTC, we are the exercise of this opportunity to journey you to pay your debts to enable the corporate impartial successfully,” Mr George advocated.

In the operational and profitability of the corporate, within the intervening time, Mr Adu-Owusu acknowledged all efforts to come by entry to government make stronger over the final three decades possess yielded no consequence from successive governments.

“Now we possess asked for make stronger for over 30 years but now we possess by no plot received the make stronger. Now now we possess taken our destinies into our possess hands attempting to attain the most gripping that we can to revive NTC,” he acknowledged.

Asked if government had any plans to augment the corporate to flip around its fortunes, Informa­tion Minister, Kojo Oppong Nkru­mah, acknowledged plans had been far advanced to lengthen make stronger to the NTC.

“Over a 365 days ago, we asked the corporate to post a thought to us in yell that shall we make stronger them. Now we possess taken that thought upstairs and there are a preference of ideas on easy how one can come by them the make stronger to be a well-functioning and a hit entity for the Republic,” Mr Nkrumah acknowledged.

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