
GoldBod does not generate revenue for govt - Finance Minister
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27th December 2024 1:51:23 PM
2 mins readBy: Phoebe Martekie Doku

North Tongu Member of Parliament (MP), Samuel Okudzeto Ablakwa, has denounced what he terms “irresponsible and disloyal” actions by officials within the outgoing Akufo-Addo/Bawumia administration, accusing them of undermining national interest through questionable financial practices.
In a Facebook post dated December 26, Mr. Ablakwa unveiled what he called an “alarming surge” in last-minute contract approvals and expedited payments ahead of the January 7, 2025, government transition.
He claimed leaked documents expose financial irregularities that erode public trust and violate governance principles.
A key example highlighted by the MP involves the Agricultural Development Bank (ADB), where the board purportedly greenlit a controversial $750,000 (GHS12 million) electronic servicing agreement with Virtual Security Africa. Despite being in draft form and amid unresolved negotiations, the deal has reportedly sparked consternation within the bank.
Mr. Ablakwa alleged that intense political pressure is being exerted on ADB to make the full payment by December 27, 2024, even though the agreement has not undergone mandatory audits or due diligence.
“Top ADB insiders are shocked at the Board’s decision,” he wrote, stating that the hasty process overlooks due diligence and erodes accountability.
He further pointed out that the President-elect’s Transition Team had explicitly warned against last-minute financial transactions, reiterating a stance similar to the one the New Patriotic Party (NPP) adopted during the 2016 transition period.
In his statement, Mr. Ablakwa issued a grave caution, declaring that officials who authorize these “questionable transactions” under political coercion will face legal and administrative repercussions under the incoming administration.
“For God and Country. Ghana First,” he asserted.
The exposé has ignited public indignation, with numerous citizens and civil society groups calling for swift investigations and punitive measures against those implicated in these alleged “midnight deals.”
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