The Ministry of Finance and Economic Planning has paid ¢10 billion to 707 police officers who were compulsorily retired between 1993 and 1994.
A total of 102 retired police officers have so far been paid out of the amount released. They are expected to be paid a total of ¢36.9 billion.
The police officers were compulsorily retired by the then Police Administration when they reached 55 years instead of 60, after the promulgation of the 1992 Constitution which pegged the compulsory retirement age at 60.
Counsel for the retired police officers, Mrs Yaa Ntirewaah Achiampong, told the paper that the money was paid after a memorandum of understanding (MOU) had been signed.
According to the counsel, it was agreed that the money would be paid in instalments within a 12-month period beginning from January this year.
Mrs Achiampong said owing to the delay in the payment of the first instalment, payment of the rest of the amount may extend to next year.