Audio By Carbonatix
The Executive Director of the Centre for Freedom and Accuracy Andrew Awuni who is championing the struggle against the sale of Merchant Bank to Fortiz has cautioned against undue politicization of the issue.
While he welcomed any assistance to prevent what he described as "complete day light robbery," Awuni maintained the interest of the Ghanaian worker whose SSNIT contribution is being sank into this' fraudulent' Fortiz deal should be considered over and above any parochial political interest.
He was speaking on Asempa FM's Ekosii-Sen Programme, Thursday, shortly after the minority in Parliament held a press conference demanding an immediate abrogation of the deal to sell Merchant Bank to Fortiz.
Fortiz, a Ghanaian company is seeking to buy 90 per cent of the Merchant Bank shares at a cost of 90 million cedis.
First Rand, a South African Bank is said to have offered an amount of 91 million dollars (over 170 million cedis) for Merchant Bank but the deal fell through.
The Bank of Ghana, SSNIT as well as the Board of the Merchant Bank appear to be in favour of the new Fortiz deal, but Awuni and the minority are in vehement opposition to it.
The Minority insisted the deal had corruption written all over it and appealed to the government to spare the country another potential corruption scandal similar to the Mabey and Johnson, Woyome and Waterville as well as SUBAH corruption scandals.
Awuni, agreed in part, with the minority that the deal reeked of fraud, corruption and conflict of interest but warned against any attempt to politicize the issue.
He argued all Ghanaian workers, irrespective of which political party they support, would be the biggest losers if the Fortiz deal were to be sealed.
Awuni is in court challenging the sale and has also filed another application seeking to place an injunction on the transaction that will seal the deal.
He told Asempa FM no proper due diligence has gone into the transaction adding, three months is not enough time to conclude such a deal.
He questioned the haste with which the Bank of Ghana, the Board of Merchant as well as SSNIT had approved the deal, especially when a better deal with First Rand was rejected.
Latest Stories
-
Telecel rewards 3 more customers with monthly cash prizes in Dream Car Promo
6 minutes -
Today’s front pages: Monday, July 27, 2026
7 minutes -
Armed robbers shoot MoMo vendor in violent Agona Mankron rampage
15 minutes -
65% of Ghanaians back Mahama’s decision not to seek a third term — Global InfoAnalytics poll
48 minutes -
The Dog Stars to One Night Only: 10 of the best films to watch this August
1 hour -
Dialectical Democracy (Part One)
2 hours -
Who owns the child benefit? A family debate that is tearing homes apart abroad
2 hours -
Water crisis cripples learning at Nalerigu SHS as students abandon night studies to search for water
2 hours -
IMF Board set to approve Ghana’s final Programme Review, greenlight post-bailout economic plan
3 hours -
Ghana to deploy condom vending machines nationwide by end of 2026 to boost HIV prevention
3 hours -
NDPC briefs Speaker Bagbin on proposed consolidated national development plan
3 hours -
Presbyterian Church launches Disability Policy, urges members to champion inclusion
3 hours -
GPHA plans sports centre as it marks 40th anniversary
3 hours -
Galamsey affecting fish production in Bono Region – Fisheries Commission
3 hours -
Dambai College of Education appoints new Principal and Vice Principal
3 hours