Agyapa deal: Is Ken Ofori-Atta a gentle Christianised fraudster?

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Member of the Economic Fighters League(EFL) Abeku Adams, has asserted that the Minister of Finance, Ken Ofori-Atta may be  “a gentle Christianised  Fraudster”, following revelations contained in the risk assessment of the Agyapa Mineral Royalties agreement by the Special Prosecutor which indicates among others that Mr Ken Ofori-Atta’s Databank is neck-deep in the controversial deal, described as fraudulent by many analysts and Civil Society Organisations.

Writing on social media, Mr Abeku Adams, an agribusiness investor and public spirited Ghanaian, noted that it is likely a confirmation that the Finance Minister is a gentle Christianised Fraudster.

“Confirmed we have a gentle Christianised Fraudster as Finance MINISTER?” He wrote.

Mr Martin Amidu, the Special Prosecutor has flagged the Agyapa deal has said that the award of contract for transactions advisers was rigged to favour Databank that engaged IMARA, a South African company as a decoy to win the contract.

“The analysis of the risk of corruption and anti-corruption assessment was completed and signed by the Special Prosecutor on 15 October 2020. The Special Prosecutor in a letter with reference number OSP/SCR/20/12/20 dated 16 October 2020 conveyed the conclusions and observations of the anti-corruption assessment to H. E. the President and the Hon. Minister of Finance as a matter of courtesy before informing the public,” the Office of the Special Prosecutor announced.

Databank, an asset management company, has been described as the biggest beneficiary of transaction advisory contracts by the Finance Ministry headed by its owner Ken Ofori-Atta.

But the Finance Minister insists that the processes leading to the signing of the agreement followed due process.

“Prior to initiating the Transaction, MoF ensured to undertake all the necessary prerequisite action required by law, from the procurement of transaction advisors to the submission of transaction documents to the AG and Parliament for their review, input and approval.

“This Ministry believes that it has been transparent from the onset. Once Government had independently assessed the potential value of the Transaction to Ghana, and Cabinet had approved the policy to monetize future gold royalties to support current developmental projects, MoF included in the 2018 Budget and Economic Policy Statement, Government’s intention to leverage the future wealth of Ghana’s gold resources to support current developmental needs,” the Citi News report on Monday, November 2, 2020, quotes from the said memo it has sighted. Zoure/2020

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