Rédaction Africa Links 24 with Mr. Gaye TheVoice
Published on 2024-03-25 08:35:02
The Public Enterprise Committee (PEC) report for the years 2019 and 2020 has highlighted a concerning issue regarding outstanding loans owed by former employees of the Gambia Printing and Publishing Corporation (GPPC). According to the report, ex-staff members have accumulated a total loan amount of over three hundred thousand dalasis, which has not been actively pursued for repayment.
Chairperson of the PEC committee, Lamin L. Sanneh, emphasized the need for action regarding the outstanding loans held by former employees of the corporation. The report specifically identifies individuals with outstanding loan balances, including Ebrima Dondeh with a debt of D2,000.00, Fatou Camara with a debt of D1,800.00, Mamadi Dampha with a debt of D31,147.36, Lamin Jallow with a debt of D29,999.67, Muctar Darboe with a debt of D25,233.34, Modou Jallow with a debt of D191,704.74, Fatoumata Jallow with a debt of D7,059.72, and Baboucarr Manneh with a debt of D28,888.88.
In response to the findings of the report, the Committee recommended that the board takes immediate action to ensure that these outstanding loans are pursued, recovered, and monitored for repayment. It is essential for the management to provide evidence of follow-ups on these loans and repayments from individuals who are servicing their outstanding balances.
Furthermore, the Committee advised management to consider enforcing collateral and personal guarantees for those individuals who are in default of their loan payments. This measure is meant to secure the corporation’s interests and increase the likelihood of recovering the outstanding debts.
Additionally, the Committee suggested that the board establish a Receivable Management Policy to facilitate the timely recovery of receivables and make provisions for cases where the loans are deemed irrecoverable. This policy would create a structured approach to managing outstanding debts and improve the corporation’s financial stability.
Overall, the PEC report underscores the importance of addressing outstanding loans held by former employees of the Gambia Printing and Publishing Corporation. The recommendations put forth by the Committee aim to ensure accountability, transparency, and effective debt management within the organization. It is crucial for the board and management to take proactive steps in handling these outstanding debts to safeguard the financial health of the corporation and uphold ethical business practices.
Read the original article on The Voice Gambia
