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General News
Court Orders Arrest of George Aggudey 1/23/2007
Tuesday, 23 January 2007
An Accra Circuit Court on Monday ordered the arrest of George Aggudey, Chief Executive Officer of Goldcrest Security Limited, for failing to appear before it to answer a case of non-payment of 8.1 billion cedis as Social Security and National Insurance Trust (SSNIT) contributions of its workers.

When the case was called, Aggudey, Presidential Candidate of the Convention People’s Party (CPP) for the Election 2004, was not in court. He was also not in court when the case was first called on December 11, 2006. He is facing two counts of failing to pay SSNIT contributions. The facts of the case indicated that an inspection conducted on July 28, 2006 into the wages books of Goldcrest by the SSNIT Inspectorate Unit revealed that between January 1995 and June 2005, the company failed to pay contributions of workers and penalty totalling over ¢8 billion.

The arrears were made up of ¢3,378,855,762 as the actual amount while ¢4,772,026,314 was three percent penalty for delayed payment. A demand letter was issued on July 28, 2006 but efforts to get the company to settle the amounts failed thereby swelling the amount to

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