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Editorial News of Monday, 5 February 2001

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Accusations are wrong - Tsikata

The former Chief Executive of the Ghana National Petroleum Corporation (GNPC), Mr Tsatsu Tsikata, is reported by Graphic to have stated that it is wrong for anyone to regard various financial transactions he undertook in his official capacity as CEO as an act of piling on debt for the corporation without taking any notice of the assets he created from those transactions.

Reacting to a recent publication in 'The Ghanaian Chronicle', he noted that those accusations are further attempts to use a barrage of falsehood and unjustified insinuations to incite the public and the government against him.

He said he would wish to have the chance to present the facts and issues as he knows them to the designated officials in the new government and the President himself if he so desires. He added that, the impression created by the paper that the Japan Bank for International Co-operation, the US Exim Bank and other reputable banks just put money into a "madcap scheme" he single handedly pursued is ridiculous.

He stated that he has no intention of leaving the country as the said publication purported to have indicated.