Audio By Carbonatix
Former Member of Parliament for Sekondi and former Minister for Tourism, Andrew Egyapa Mercer, has questioned the feasibility of the government’s claim that it can recover $21 billion from stolen state assets through the Operation Recover All Loots (ORAL) initiative.
Speaking on JoyNews’ Newsfile on Saturday, Mr Mercer argued that most of the alleged funds have already been disbursed and spent, making recovery practically impossible.
“$21 billion is big — that Mr Mahama promised through his (ORAL) committee that we are going to recover for Ghana. We are waiting for them to recover it,” he remarked.
He cited the National Cathedral project as an example, questioning how monies already utilised could be retrieved.
“We were told that some $100 million or $80 million has been spent and that they were going to recover that money from the project. How are you going to do it? Contractors have been paid, people have worked and received remuneration. You tell Ghanaians that you were going to recover the money — how are you going to do it?” he asked.
His comments followed concerns raised by former Auditor-General Daniel Domelevo, who criticised the delay in prosecuting those implicated in the ORAL investigations, describing the nine-month wait as too long.
Mr Domelevo, who served on the ORAL committee, had earlier revealed that the State could potentially recover $21 billion from various stolen assets.
Mr Mercer, however, maintained that while accountability is essential, government efforts should be grounded in realism about the recoverability of funds and the state of the assets involved.
ORAL presented over 2000 cases of possible corruption cases to the Attorney-General.
Latest Stories
-
Army leadership hails troops, unity and security gains at 2025 WASSA
6 minutes -
Ghana-Nigeria trade rift looms amid legal dispute – UK Certified Customer Communication and Marketer warns
13 minutes -
Prudential Life joins education stakeholders to encourage financial literacy in education curriculum
21 minutes -
‘Next of kin’ does not grant inheritance rights – Lawyer
52 minutes -
BoG Governor says reforms will shield Ghana from another financial meltdown
59 minutes -
BoG to shift banking supervision to risk-based model – Governor outlines strategy for 2026
1 hour -
BoG Governor targets 10% NPL ratio by end of 2026
1 hour -
Nicki Minaj surprises conservatives with praise for Trump, Vance at Arizona event
2 hours -
‘The Wire,’ actor James Ransone dies by apparent suicide at 46
2 hours -
Bristol University threatened with legal action after protest at academic’s talk
2 hours -
US launches review of advanced Nvidia AI chip sales to China, sources say
2 hours -
2 nurses, security guard arrested over alleged baby theft at Tamale hospital
2 hours -
Elon Musk becomes first person worth $700 billion following pay package ruling
3 hours -
Fussy eaters and TV remote hogs: How to avoid family rows over Christmas
3 hours -
Singing at school shouldn’t just be for Christmas, teachers say
3 hours
