Audio By Carbonatix
Ghanaian businessman Richard Jakpa has opened up about how he came up with the idea for the government's ambulance procurement that has landed him in trouble.
This transaction has become the centre of controversy in the trial where the Attorney General is accusing Minority Leader Dr Cassiel Ato Forson of causing financial loss to the state to the tune of 2.3 million Euros through the purchase of sub-standard ambulances.
Mr Jakpa is the third accused in the legal tussle and has accused the Attorney General of merely pursuing the matter to witch-hunt the Minority Leader at all costs.
Speaking to JoyNews' Elton Brobbey on 'The Pulse', the businessman explained the processes leading to his engagement with Big Sea Company Limited to broker the deal on behalf of the government.
According to him, "the blueprint, everything emanated from me. Because I am an entrepreneur."
“The first State of the Nation Address (SONA) by Atta Mills, spoke about the lack of ambulances in the country. And it was serious and that was one of his priorities. So as soon as I heard it, as an entrepreneur, I immediately put the team together and tasked them to go across the country to find out the state of ambulances. They went round, they spent some time and we realised we had about 34 ambulances or so in the country. And that was serious. So we put together a proposal,” he said.
He said he contacted his bank at the time and secured suitable financial arrangements and then proceeded to present the proposal to secure ambulances for the Health Ministry which included a loan facility.
"And luckily for me, I was able to convince the bank. They sought approval from the underwriters in South Africa. It was approved and then they ring-fenced the 15.8 million euros for this project. And gave me the term sheets. They signed it nice, it was signed. So I attached it to the proposal, and then wrote officially to the Ministry of Health… Their own is a technical specification of the ambulance but the financial term sheet is not within their domain, it's for the Minister of Finance.
"So, therefore, they sent the whole document to the Minister of Finance and they copied my company that the health [Ministry] was interested because it wasn't going to be a burden on the budget. It will be three years to pay and there’s even a moratorium, so it was easy for them. So as soon as they copied my company, then I realized that the government was interested, health was interested and they only wanted Finance advice on term sheets, which falls under the domain of finance. So as soon as we got a letter we said okay, then we're in business. We started scouting out for manufacturers, who had our technical specification," he explained.
It was after this stage that the scouting led Mr Jakpa to Big Sea Company Limited and concluded negotiation in 2011.
According to him, even though he entered into the Big Sea agreement to be the company's Ghana agent, their meticulous nature caused the company to contract Jakpa@Business for all its West African dealings except for Nigeria.
Latest Stories
-
Stay loyal despite frustrations over contracts — Asiedu Nketia to NDC supporters
2 minutes -
Possible power outages loom as Akosombo substation repairs continue – Deputy Energy Minister
7 minutes -
GETFund injects GH¢ 400m into KNUST Teaching Hospital project
11 minutes -
Support traditional leadership for peace and development – Otumfuo
12 minutes -
No campaign can secure victory better than unity – Asiedu Nketia
16 minutes -
Manhyia is home to whoever swears allegiance to the people – Otumfuo
20 minutes -
Asiedu Nketiah commissions new NDC Zonal offices in Wa East
21 minutes -
Ghana Gas pushes for tariff increase to sustain operations and future investment
21 minutes -
Ghana launches standards to boost local grinding media manufacturing
23 minutes -
Africa urged to shift from climate positions to action
29 minutes -
Stakeholders affirm need for election of MMDCEs
37 minutes -
Mankrong-Nkwanta gets new chief
39 minutes -
Malaria deaths drop sharply; infections remain high- GHS
41 minutes -
TUC calls for unity among organised labour
46 minutes -
Ghana begins airlifting Hajj pilgrims on May 1
56 minutes