Audio By Carbonatix
The Bank of Ghana says it has began searching for documents covering the payment of the GNPC drill ship, Discover 511.
The country is still yet trace documents covering payment of US$19.5 million paid to French Bank, Societe Generale, as judgement debt from sale of the drill ship.
All the institutions involved in deal have failed to provide the required details to untangle the mystery surrounding the transaction.
But answering questions from journalist after the Monetary Policy Committe (MPC) meeting, the Governor, Dr. Kofi Wampah, said he is certain answers to key questions that have come up in the deal would soon be found.
The central bank Governor said, "initially we didn't have any specific date for the transaction so it was a little bit difficult", adding that there are indications now on where to start looking for the documents.
Meanwhile, he expressed optimism in revenue mobilsation, saying it will pick up in the last quarter of this year despite decline over the past months.
The state has so far been able to mobilse GH¢ 10. 4 billion as revenue, down from the GH¢ 12.5 billion target.
Total public debt has also increased by almost GH¢ 9 billion from December last year to GH¢ 44 billion.
Governor also confirmed the valuation of three institutions interested in taking over merchant bank.
He said "now the bid has been opened again and I understand there has been interested parties...and they are being considered by the shareholders."
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.
Tags:
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
-
60 SHS girls develop smart solutions to flooding, waste, parking and water challenges
2 minutes -
Media must continue to shine light on illegal mining—Lands Minister
8 minutes -
NPP challenges Sam George over rural telephony record, demands data
12 minutes -
Mahama Ayariga proposes peak-hour dedicated lanes for Aayalolo buses
16 minutes -
Amrahia Dairy Farms property owners petition Mahama over alleged demolition of properties
21 minutes -
Taxi rank executives arrested over alleged attempted murder
23 minutes -
More than 20 African countries fail WHO air pollution guideline in 2025 – AfriCAN 2026 Report
28 minutes -
PTA council demands technical review of 2026 BECE results
32 minutes -
Senegal, Cape Verde breathed unsafe air for more than 120 days in 2025 – AfriCAN 2026 Report
33 minutes -
AFCON 2027Q: Carlos Queiroz to ‘soon submit’ Black Stars squad
34 minutes -
KATH CEO praises Ghana Medical Trust Fund for its impact in just a year
34 minutes -
‘NPP should stop being hypocritical’ – Nukpenu challenges calls for GH¢49.7m evacuation procurement details
36 minutes -
Loans and advances increased by 39% to GH¢124.3bn in June 2026
38 minutes -
Private citizen sues Mahama over failure to replace Sophia Akuffo on Council of State
46 minutes -
Guinness Ghana DJ Awards 2026 opens public nominations
57 minutes