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Press Release
AFAG, November
21, 2012
IEA HOLD PRESIDENT JOHN MAHAMA TO TASK
21st November. 2012
For many years now, the NDC and the President have avoided the
credible corruption charges against them by AFAG, the media,
whistle-blowers and other civil society groups. Today, the IEA
has the opportunity to bring the President to respond these
alarming corruption charges. Ghanaians expect the IEA not to
fail in this endeavour.
AFAG on our part wishes the President to respond to these
issues and if he fails to respond to them as he has done on
many occasions, IEA must bring him to answer them in the
interest of national development, accountability, transparency
and probity.
AFAG urges the President to tell the nation his fight against
corruption, with respect to the following issues;
These are our concerns;
1. On the Alfred A. Woyome scandal, on April, 2010, before the
matter was commenced in court Hon. Mould-Iddrisu advised Dr.
Kwabena Duffuor to pay two percent (2%) of the total value of
the stadia project to Alfred Woyome (a total stranger) and
Austro Invest (an unknown company), for an alleged breach of
agreement with GoG. On 28th May, Hon. Mould-Iddrisu wrote to
Hon. Dr. Duffuor, Finance Minister with a copy to the Chief of
Staff that she had negotiated with Alfred Woyome for him to
accept the negotiated amount of GH¢41,811,480.59 and that
“having regard to the judgement debt against the State, I am
of the opinion that we resolve this matter once and for all.”
Our Questions
In the face of these blatant act, why has his government
failed to prosecute Mrs Betty Mould Idirissu in accordance
with Financial administration Act 2003(Act 654) because at the
time of her urges, She had documentary evidence that, Mr
Woyome had no contract with the government of Ghana.
2. As of December 2008, the SSNIT Informal Sector had
mobilized an amount of GH23, 000,000.00 from contributors.
Today, this amount has been transferred from the SNNIT
Informal Sector Accounts to a private account operated by Mr
Kwame Peprah.
a. AFAG wishes to know the where about of the GH23,000,000.00
b. The action he is taking to settle contributors and retrieve
the funds.
3. In the matter of the sale of TRUST BANK shares to ECOBANK,
a. The nation wishes to know why your government would sell a
profitable and high performing Ghanaian Bank to Ecobank
(Record of former TRUST BANK: There was no need for the sale.
TTB was performing well.
Though the Bank of Ghana requires a minimum of 60 million
Ghana cedis as capitalization for local banks in Ghana, TTB’s
capitalization is 125 million Ghana cedis. This means, it is
capable of operating 2 more local banks
TTB was near merging with Home Finance Company (HFC) but
this was stopped by the SSNIT board of trustees who were
un-comfortable for such expansion
TTB’s end on year profit in 2010 was 50% over 2009. Net
profit in 2010 was 12 million Ghana cedis
TTB board set a target of 19 million cedis profit in 2011.
However, 2011 profit was 23 million Ghana cedis)
b. The nation wishes to know why the shares were sold to
ecobank at GH12.00/share instead of the GH14.00/share as
evaluated by PriceWaterHouse Cookers
4. Mr President, the nation wants to know where your party
raised USD20, 000,000.00 to build your party’s Ultra-Modern
Office Building?
In conclusion, AFAG and the Nation wish that, as you respond
to these issues accordingly. Failure to do so, AFAG expects
the IEA to put these vital issues of concern to Ghanaians.
Signed:
Arnold Boateng 0244294754
Mutalla Mohamed 0243807244
Davis Opoku 0244861593
Dr Nana Ayew Afriyie 0244780359
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