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

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