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
-
Recreation Minister Kofi Adams backs ‘Walk With Lexis’ set for December 6
10 minutes -
Milo U13 Championship reaches quarter-final with thrilling match-ups
1 hour -
From glut to growth – John Dumelo says value addition is the way forward
2 hours -
Feed Ghana, feed industry – Deputy Agric Minister Dumelo outlines new direction
3 hours -
Agric glut was political, not strategic – Chamber of Agribusiness Ghana boss warns of lost livelihoods
3 hours -
Food glut situation is no victory – Chamber for Agricbusiness Ghana CEO warns
4 hours -
Was Prince Harry referencing Trump in joke for Late Show sketch?
4 hours -
Arrest over fire petition stirs public debate in Hong Kong
4 hours -
Man who killed ex-Japan PM Shinzo Abe apologises to his family
4 hours -
Police recover $19k Fabergé egg swallowed by NZ man
4 hours -
Ireland among countries boycotting Eurovision after Israel allowed to compete
5 hours -
Grand jury declines to charge Letitia James after first case dismissed
5 hours -
Tanzanian activist blocked from Instagram after mobilising election protests
5 hours -
‘Not becoming of a president’: Somali-Americans respond to Trump’s ‘garbage’ remarks
5 hours -
More than 300 flights cancelled as Indian airline IndiGo faces ‘staff shortage’
5 hours
