
Audio By Carbonatix
The Executive Director of the Danquah Institute says he is unwilling to retract and apologise to government his allegation that brokers of the controversial $3 billion Chinese loan being sourced by government are guaranteed $30 million.Gabby Asare Otchere Darko says his comments are based on facts and figures inherent in the amended $3 billion loan agreement and so owes nobody any apology.Government has issued a statement calling for an immediate retraction and apology for the comments in which Gabby alleges "chop chop".Government spokespersons have been denying the allegation while others have hinted legal remedies if Otchere-Darko fails to retract and apologise.Deputy Finance Minister, Seth Terkper said Otchere-Darko’s claims can only be false. He said nowhere in the agreement is a facilitation fee assured.His colleague at the Information Ministry, Samuel Okudzeto Ablakwah, has also described the comments as reckless and vicious which should not go unchecked.He said government is open to criticism of the loan but will not under any circumstance allow corruption motives to be impugned.He said the Government of Ghana is dealing directly with the Chinese Development Bank and “there is no arrangement fee or facilitation fee in this whole terms and conditions of this loan.”Okudzeto Ablakwah maintained the only motive behind this loan is driven by the unfettered desire to improve Ghana’s infrastructural deficit.“So to say that somebody somewhere needs to get $30 million that is why we are rushing this loan is very disingenuous and unacceptable,” he lamented.He said Gabby Otchere Darko must either retract or apologise or be willing to substantiate the allegations. Otherwise, he should be ready to face possible legal action from stakeholders.While agreeing it is not out of place for facilitation fees to be paid in similar loan agreements, he was emphatic that this Chinese loan agreement has no such facilitation fee attached to it.
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
-
Beyond security: Why mobile payment fraud has become a customer experience crisis
45 seconds -
Former Effia MP demands full disclosure of Truedare AI deal, warns of ‘hidden risks’
26 minutes -
Joseph Cudjoe raises alarm over potential revenue loss in Truedare AI Customs deal
26 minutes -
Video: Awoshie-Anyaa Highway: Years of fatal crashes caused by faulty traffic lights
31 minutes -
No financial transactions with Ghana Card yet, says NIA
37 minutes -
Former Netherlands Fire Chief engages GNFS Tema Command on capacity building
37 minutes -
Finance Ministry defends Publican AI rollout amid stakeholder concerns
40 minutes -
Police arrest 5 in Asankrangwa robbery; cash and guns retrieved
41 minutes -
Why I joined NPP – Jeneral Ntatia
42 minutes -
Three UDS students remanded over alleged armed robbery
46 minutes -
Kudus Mohammed at risk of missing World Cup 2026 after fresh injury blow
48 minutes -
Minority urges cocoa farmers to resist pressure from galamseyers
49 minutes -
President Mahama applauds astronaut Christina Koch’s Ghana ties in Artemis II mission
51 minutes -
Ex-wife of Richard Nii Armah Quaye moves to Court of Appeal
52 minutes -
Insecurity: US orders non-emergency staff to leave embassy in Nigeria
53 minutes