PAC orders arrest of auctioneer

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PRINCE KWASI ADADE (OFIE P33) 8 years ago

SOURCE: GHANA MUST KNOW FORUM----------- ***Ladies and gentlemen of the media, with your pens and the help of a calculator, lets us all do these simple mathematics. This mathematics which can even be done by a BECE candidate ...
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SOURCE: GHANA MUST KNOW FORUM----------- ***Ladies and gentlemen of the media, with your pens and the help of a calculator, lets us all do these simple mathematics. This mathematics which can even be done by a BECE candidate who cannot write his final exams without questions leaks, and could not be done by President Mahama nor Seth Terkper as they want us to believe, will reveal to us how deliberately corrupt and financially reckless they are as far as the management of our economy is concerned. The Eurobond attracts an interest of 10.75% to be paid by the government of Ghana, $250m out of it is illegally deposited in UBA, a private bank. The bank, which is UBA in turn, decides to buy GHS 950 million of government Treasury bills at a rate of 24% (using the 1-year note); the bank would have made a hefty GHS 233 (USD 61) million profit in nominal terms just by loaning this same money to the government. Friends in the media, if this is not a 419 scam visited on unsuspecting Ghanaians by President Mahama, then what else is it? – Meanwhile, this is a President who is walking freely on the streets of London shamelessly mocking Ghanaians that he has never taken bribe, my goodness!!! Note therefore, that Government is paying 10.75% 24% which is 34.75% interest on the money he borrowed from the capital market. Government is paying 24% interest on his own money to a private firm. Is this sheer wickedness, foolishness, witchcraft or what? We cannot help, but agree with Nana Konadu Agyeman Rawlings when she posited few days ago and I quote, “If you borrow money at a high interest rate to lend it to another at a low interest rate then borrow your own money back from them at a high interest rate, you are either not wise, a thief or both. No wonder their campaign message of “vote for us so they don’t jail us, it’s time to save Ghana from this criminality”. For the GHANA MUST KNOW forum, we believe they are both – unwise and thieves, and more so 419 scammers
DR TRUTH 8 years ago

SOMEONE WHO STOLE A FOWL OR PLANTAIN WAS ARRESTED AND JAILED QUICKLY YET MAHAMA N NDC LOOK ON WHILE THIS NDC MAN STEALS MILLIONS OF STATE MONEY. HE HAS PAID ASIEDU NKETIA & FLAGSTAFF HOUSE THIER CUT

SOMEONE WHO STOLE A FOWL OR PLANTAIN WAS ARRESTED AND JAILED QUICKLY YET MAHAMA N NDC LOOK ON WHILE THIS NDC MAN STEALS MILLIONS OF STATE MONEY. HE HAS PAID ASIEDU NKETIA & FLAGSTAFF HOUSE THIER CUT
Marquis 8 years ago

And the Chief Director is still at post? He must be dismissed immediately.

And the Chief Director is still at post? He must be dismissed immediately.
Adwoa 8 years ago

How can he keep money for six years and now that you are GOING TO REPORT TO THE POLICE. Did you chop some of the money?

How can he keep money for six years and now that you are GOING TO REPORT TO THE POLICE. Did you chop some of the money?
Mr. Never 8 years ago

Why are you wasting time for his arrest?

Why are you wasting time for his arrest?
PATRIOT 8 years ago

I tell you the auctioneer has shared the money with some bigwigs in the ministry.That is why they cannot get the money from him.They fear he will expose them.Ao Ghana,everywhere corruption.How can the nation progress?

I tell you the auctioneer has shared the money with some bigwigs in the ministry.That is why they cannot get the money from him.They fear he will expose them.Ao Ghana,everywhere corruption.How can the nation progress?
Sid 8 years ago

CHOP CHOP everybody has to CHOP only ordinary man is easily arrested n thrown in jail

CHOP CHOP everybody has to CHOP only ordinary man is easily arrested n thrown in jail
Ghana Biya 8 years ago

Officials of the Ministry are enabling this crook to do what he is doing. It will be appropriate if the PAC surcharge the officials for this amount.

Officials of the Ministry are enabling this crook to do what he is doing. It will be appropriate if the PAC surcharge the officials for this amount.
Arthur K 8 years ago

This is no news, it happens every day. NDC wahala, CREATE, LOOT and SHARE. Block all holes so that there will be no evidence. God Almighty help us all.

This is no news, it happens every day. NDC wahala, CREATE, LOOT and SHARE. Block all holes so that there will be no evidence. God Almighty help us all.
Odasanibi 8 years ago

I think PAC chairman has seen through the cracks of this episode, hence the order for the arrest of the auctioneer, or the sanctioning of the director. Nice one, Mr. Agyeman Manu keep up the good work.

I think PAC chairman has seen through the cracks of this episode, hence the order for the arrest of the auctioneer, or the sanctioning of the director. Nice one, Mr. Agyeman Manu keep up the good work.
MANTSE 8 years ago

Why have you NOT CAUSED the ARREST of the many Government Appointees who cannot account for Millions of Dollars in questionable PROCUREMENT PRACTICES when they appeared before your Committee?

Instead, a whole Parliamentary ...
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Why have you NOT CAUSED the ARREST of the many Government Appointees who cannot account for Millions of Dollars in questionable PROCUREMENT PRACTICES when they appeared before your Committee?

Instead, a whole Parliamentary Committee decides to go after this poor Auctioneer when it is obvious others within the Ministry are links within the chain and the Auctioneer was ONLY DOING their BIDDING.
Yussif 8 years ago

The best place to steal money now is under NDC government,nobody ll do anything to you,at worse they ll ask you to pay and walk since the Attoney General has no will power to prosecute any NDC member,she's guided by what happ ...
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The best place to steal money now is under NDC government,nobody ll do anything to you,at worse they ll ask you to pay and walk since the Attoney General has no will power to prosecute any NDC member,she's guided by what happened to Mr Martin Amidu,so untill NDC loses power,forget it nobody under any corrupt practice ll ever be arrested.Fuel prices has just been increased at the blind side of many and the opposition that should be informing the public for strange reasons re all mute,the npp must sit up,their shadow ministers in parliament re not speaking,where's Dr Akoto Osei and prof.Gyan Baffour?ghanains want to hear from them.
Please inform President Mahama 8 years ago

Could somebody close to the President, please inform him about a good case of corruption in a Ministry when some one has bolted with government money, the Auditor General noted in 2012 and we are in 2016 and nothing has been ...
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Could somebody close to the President, please inform him about a good case of corruption in a Ministry when some one has bolted with government money, the Auditor General noted in 2012 and we are in 2016 and nothing has been done about it. PAC smells rat and so do other Ghanaians.

PAC orders arrest of auctioneer

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