Audio By Carbonatix
A former Finance Minister in the John Mahama administration has broken his silence over what role the Ministry played in the purchase of Airbus aircraft for Ghana's military.
Seth Terpker said there is a smart borrowing debt management behind the purchase of the military aircraft acquired from Airbus.
He told Joy Business’ Norvan Acquah Hayford Tuesday that he understands why the issue about the military finances is not being discussed because “it has to do with peacekeeping funds.”
Europe’s largest aircraft manufacturer was ordered to pay some 3 billion euro fine after admitting to paying huge bribes to land contracts in 20 countries, including Ghana, under doubtful arrangement leading to the investigation by the UK’s Serious Fraud Office.
Ghana bought three Airbus C-295 military transport aircraft in 2015. It is the processes leading to the purchase of these aircraft that was investigated by the UK’s SFO.
The document from the UK Crown Court revealed between July 1, 2011, and June 1, 2015, Airbus failed to prevent persons associated with it from bribing others concerned in the purchase of military transport aircraft for the government of Ghana.
The bribe was intended to obtain or retain business for advantage in the conduct of business for Airbus.
But Seth Terpker who spoke to Joy Business has been defending the Mahama government and Finance Ministry in the bribery allegations.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
U.S. FDA approves landmark pancreatic cancer drug that’s shown to improve survival
2 minutes -
NSA extends August 28 deadline for National Service applicants with biodata mismatches
5 minutes -
Ghanaian woman dies in China after collapsing at airport on journey to pursue Master’s Degree
11 minutes -
NSMQ 2026: Osei Tutu SHS hold off Ahantaman Girls, Presby SHTS to reach quarterfinals
26 minutes -
We worked with the FBI on Asante Berko case – OSP rejects claims it lacks competence
31 minutes -
Keep political actors out of police affairs to tackle electoral violence — Asah-Asante
33 minutes -
Africa cannot fund energy needs with public budgets alone – Ato Forson
41 minutes -
NSMQ 2026: Keta SHTS secures quarterfinals spot after beating Anum Presby, Kadjebi Asato
46 minutes -
OSP has saved Ghana over 20 times the resources invested in it – Kissi Agyebeng
54 minutes -
Kwabena Donkor, four others named as persons of interest in Asante Berko case – OSP
55 minutes -
Police interdict officer over alleged demolition at Accra Race Course
58 minutes -
Performance of OSP shouldn’t be measured by political applause – Kissi Agyebeng
59 minutes -
April 15 ruling brought OSP prosecutions to standstill – Kissi Agyebeng
1 hour -
The continuity of the self
1 hour -
Claims OSP has achieved nothing are testable – Kissi Agyebeng
1 hour