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General News of Tuesday, 11 June 2002

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NPP youth wing condemns Kofi Wayo

The Greater Accra Youth Wing of the New Patriotic Party (NPP), on Monday condemned Mr Kofi Wayo, a businessman and a member of the party for his "numerous and unnecessary attacks on the party".

"We wish to express our utmost dismay at the high level hypocrisy and corruption being exhibited by Kofi Wayo who claims to be a leading member of the party but condemns the party's policies," the youth wing said in a statement in Accra signed by Mr Albert Afaglo, the Regional Youth Organiser.

The statement mentioned specifically Mr Wayo's attempt to buy the Tema Oil Refinery (TOR) saying, "The Tema Oil Refinery has not yet been offered for divestiture nor has it been advertised in any media for divestiture".

The statement accused Mr Wayo of trying to dupe Ghanaians by using his influence to purchase the TOR with some foreigners of a defunct company. "Ironically, Mr Wayo who claims to be the most patriotic Ghanaian offered 35 million dollars for an important and valuable asset like TOR which cost the Tax payer 250 million for rehabilitation works alone".

The statement described Mr Wayo's action as ridiculous and unprecedented "as he wants to use foul means to purchase the TOR to make himself richer than every Ghanaian in the country", saying that such acts in the past led to the collapse of the economy.

"It is deplorable that a leading member of a ruling party would lead a company, which has not filed its returns in its country of operation for the past five years to purchase a valuable national asset such as TOR.

"We doubt both the company's credibility and viability as well as Mr Wayo's so-called 10 per cent shares in the company". The statement advised Mr Wayo to channel his energies and resources to other areas of the economy instead of the energy sector where his credibility was doubtful. The statement said Mr Wayo's claim of nationalism was only a ploy calculated to achieve his selfish aim of acquiring TOR behind closed doors.