BOG had not completed due diligence when loan was passed.

As talks between government and the International Financial Consortium (IFC) for the release of $350 million being the first tranche of the $1billion loan agreement reaches the homestretch, Concord investigations and documentary evidence available indicate that at the time the loan agreement was passed by Parliament in July this year after initial clearance by the Finance Committee of Parliament, the Bank of Ghana (BOG) had not completed its due diligence check on the consortium.

Source: GhanaWeb

You may like

Peter Turkson

Ghana’s Peter Turkson among key contenders as Vatican eyes next pope

Chop bar

Foreign aid fails Ghana’s chop bar workers, new findings reveal

Qatar opens Quran centre in Accra

Qatar-funded Al-Mustafa Mosque opens in Accra as new centre for worship and Quranic studies

Ghana military leaders in Zimbabwe

Ghana military delegation tours Zimbabwe’s model waste facility

Ghana's economy is recovering

Ghana’s inflation eases again as stronger cedi boosts economic recovery

Ekperikpe Ekpo

Nigeria’s Ekpo elected to lead West African gas pipeline committee, vows to prioritise Ghana’s supply needs

WP Radio
WP Radio
OFFLINE LIVE