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Business News of Tuesday, 30 January 2024

Source: www.ghanaweb.com

Ablakwa reveals more 'shocking' details concerning $8.5 million Black Stars budget

Ken Ofori-Atta, Finance Minister Ken Ofori-Atta, Finance Minister

The Member of Parliament for the North Tongu constituency, Samuel Okudzeto Ablakwa, has published additional documents concerning the $8.5 million budget approved by the government for the Black Stars’ participation in the 2024 African Cup of Nations.

According to him, the documents confirm that the Minister of Finance after receiving the January 2, 2024 request from the Ministry of Youth and Sports, promptly instructed the Controller and Accountant General to release the part payment of US$5,071,840.36 which is equivalent to the sum of GHS60,306,717.80 out of the budgeted US$8,506,450.00.

Here are the full details below

THE US$8.5MILLION BLACK STARS BUDGET— KEN OFORI-ATTA’S REVEALING BREAKDOWN WHICH DID NOT ADD UP AND THE CONTROLLER AND ACCOUNTANT GENERAL’S VERY STRANGE BANK TRANSFER ADVICE

As a sequel to yesterday’s exposé which revealed that government and the GFA had approved a mind-boggling US$8.5million as the Black Stars budget for the ongoing AFCON despite our unprecedented economic crisis; I am here to keep my promise of publishing further explosive intercepted documents on the matter.

In the supreme national interest and in the spirit of transparency and accountability, I shall today publish two additional documents: the first one is signed by Ghana’s Finance Minister, Ken Ofori-Atta, while the second document is signed by Ghana’s Controller and Accountant General, Kwasi Kwaning-Bosompem — who anecdotally is in the news following his heavy defeat in the NPP parliamentary primaries over the weekend.

These two documents are significant in many respects:

1. They confirm that the Minister of Finance after receiving the January 2, 2024 request from the Ministry of Youth and Sports (as put out yesterday), promptly instructed the Controller and Accountant General to release the part payment of US$5,071,840.36 which is equivalent to the sum of GHS60,306,717.80 out of the budgeted US$8,506,450.00. This settles the debate on whether the Minister for Finance acted on the request from the Ministry of Youth and Sports;

2. Strangely, when the Finance Minister proceeded to provide a breakdown of the US$5,071,840.36 in his 12th January, 2024 instruction to the Controller and Accountant General, it mysteriously amounted to US$6,946,450.00 equivalent to GHS82,596,763.73. That is some GHS22million more than the instruction to release GHS60,305,717.80;

3. They say the devil is in the details — Ken Ofori-Atta’s letter further reveals some really shocking breakdowns: the Black Stars preparation few days to the AFCON cost taxpayers a whopping GHS15.3million; Air transport and per diem is GHS14million; provision was made for Group stage bonuses amounting to another GHS14million;

4. Curiously, in addition to the transport and per-diem of GHS14million, there is another provision for honorarium pegged at GHS2.1million;

5. Even more bizarre, despite Ken Ofori Atta’s instruction to the Controller and Accountant General contained at paragraph 3 of his January 12, 2024 letter to transfer the GHS60.3million to the Ministry of Youth and Sports in tranches, incredibly the Controller and Accountant General transferred the full amount into the ministry’s account as confirmed by the Bank Transfer Advice from the Controller and Accountant General as attached. The Ministry of Youth and Sports must assure Ghanaians that despite the Controller’s full release, the funds are intact in their accounts;

6. The breakdown provided by the Minister of Finance offers citizens a rare insight into how much would have been spent at every stage of Black Stars progression from GHS5million at the 1/16 stage to GHS14million if we got to the finals. It is nauseating that patriotism is no longer a factor in these considerations. Perhaps those who say our early calamitous exit was a blessing in disguise have found their justification;

7. It has also emerged that there was a separate budget for the supporters of the Black Stars sent by the State. Deep throat sources inform me that budget was managed by National Security. Nothing will stop us from demanding full accountability on this too.

It is clear to me that the only way out of this grand mess is to immediately curtail any further expenditure on the Black Stars including that ill-advised, rushed and misguided search for a new coach, and to urgently commission an independent forensic audit.

Parliament must also assert its constitutional oversight authority when the House resumes. These outlandish breakdowns, illegalities and insulting opacity must be probed and sanctioned — we cannot afford to let the people down.





SSD/NOQ

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