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Editorial News of Saturday, 24 February 2001

Source: --

NDC broke? Only 1.2 million cedis in accounts

The Free Press it has discovered that the NDC is virtually broke.

Reliable sources told the paper that the party has only 1.2 million cedis in its accounts and would find it difficult to pay its headquarters staffers and activists their salaries this month. Investigations revealed that contrary to the popular notion that the NDC was awash with cash, the financial resources of the party are rather concentrated in the hands of a few top shots, notably Dr Asamoah and deputy treasurer Baba Camara.

Dr Asamoah, by virtue of his position as chairman of the party's finance committee, has literally had monopoly over the party's financial resources and uses the money without any reference to the national executives.

It was also learnt that the vehicles, which were used for the 2000 elections campaign were purchased by Camara and Dr Asamoah and not from the party's resources. Sources hinted that the several billions of cedis, which the party used in the campaign period prior to the 2000 elections, did not come from the party's coffers but rather from individuals.