The Co-Chair of the Citizen Movement Against Corruption says issues surrounding the alleged transfer of ₵52.5billion tax revenue from the GCB Bank to unknown accounts are fishy and intriguing.
Edem Senanu said the reactions of the Audit Service and the GCB Bank following the leaking of the document that suggested that tax revenue had been diverted from the bank to unknown accounts raises lots of questions.
Speaking on Joy FM’s Newsnight, he said the Audit Service should be providing more information concerning the nature of the tax revenue transfer to provide clarity on the matter.
“No, there cannot be a difficulty with establishing where monies were transferred to if Ghana Commercial Bank truly transferred those amounts.
“In fact, all of this is very intriguing. On one hand, Audit Service says they’re satisfied, they’re pursuing, they’ve been able to trace some, and referring to the letter in the public space, suggesting that that letter is legitimate and then Ghana Commercial Bank says that no, that’s a doctored letter,” he said.
He added, “That makes all of this very intriguing and fishy. And so there are more questions than answers and ideally we should be hearing from the Auditor General’s department as to what exactly has transpired here in addition to what the Audit Service is saying and Ghana Commercial Bank is saying.”
His comments follow the leaking of a letter currently circulating on social media with the caption, ‘Audit Service Reports of ¢52.5 billion transferred from GCB Bank to unknown sources.’
The GCB Bank Limited (GCB) quickly came out to fight off the allegations stating that the content of the publication is false and mischievously designed to discredit the bank.
“We hereby deny the allegations that the GCB has effected unauthorised transfers. We have further assured all our stakeholders that GCB as a bank of international repute, conducts its activities in line with sound banking principles,” the bank said in a press statement.
They stated that the content of the letter was doctored and should be ignored.
However, the Audit Service clarified that the leaked letter is only a portion of the document in an ongoing audit exercise sanctioned by the Finance Minister, Ken Ofori-Atta to confirm the transfer of receipts from various transit accounts maintained by commercial banks into the respective Bank of Ghana Hold Accounts from 2015 to date.
But reacting to the GCB’s statement, Edem Senanu stated that it casts a shadow of doubt on the Audit Service’s response to the leaked document.
“That’s what makes it all the more intriguing. I mean you have a response from the audit service saying that the letter in the public domain is one of their letters.
“It is true there these sums, they’ve pursued these sums satisfactorily and then Ghana Commercial Bank says no, this is not the case, that is a doctored letter. So who actually is telling us the truth?” he said.
He, however, stated that the issue cannot yet be classified as a corruption case, due to a lack of evidence.
But he has called on the Audit Service to release the identities of the owners of the unknown accounts and the official who had directed the transfer of the funds to the accounts.
“Well, I will not use the word corruption, which is the abuse of entrusted power for personal gain. I mean there is no clear evidence at the moment.
“But if it is fishy, and if the identities of those whose accounts this sum, this ¢52.5 billion can be established, and under whose directives those formally generated directives allowed them to do so, then we can bring some clarity to it.
“So there is a lot more information that should be provided and the letter from the Audit Service does not in any way provide us with any clarity nor establish the kind of assurance they want to give us as Ghanaians that everything is under control. Certainly not.”
- Sam George: Lack of bed and ambulance led to death of a 12-year-old
- Ordering loophole allowed students to eat for free at KFC for six months
- Woman attacked by wild antelope succumbs to death
- Ernest Ako (Former IGP)
- Accounts of how some people are treated by National Security shocking – Samson Lardi
- Parliament will carry out its own investigation into alleged assault on Citi FM journalists – James Agalga
- ADB denies shifting from core business to real estate
- Mother of 8-year-old boy without feet calls for support
- Social media reacts to Affail Monney’s apology on Citi FM journalist’s breach of ethics comment
- I’m surprised DSP Azugu is still at post after Ayawaso West Wuogon violence – James Agalga
Chinese busted for mining at River Pra by military task force
Rotary Club builds classroom block for Yahima SDA
Government must involve local communities in anti-galamsey campaign – Galamsey Researcher
We’ll fully cooperate with Energy Minister to facilitate lifting of new LPG outlets ban – LPG Marketers Association
Covid-19 has affected blood mobilisation – Dr Srofenyo
We have $200m for you to borrow – ECOWAS Bank to governments, businesses
Ban on drumming and noisemaking imposed in Korle-Klottey as preparations towards Homowo begin
US to deepen bilateral relationship with Ghana as United Airlines recommences flights to KIA
Photos from the 2021 national Eid-ul-Fitr ceremony
2021 Budget pivotal towards fiscal consolidation – IMF commends government
National Security Ministry’s investigation into alleged assault of Caleb Kudah should be aborted – OneGhana Movement
Ghana Gas management pays courtesy call on Asantehene to update him on Nyinahin-Kumasi pipeline
Playback: Newsfile discusses alleged assault on Citi FM journalists, Otumfuo joins ‘galamsey’ fight
German priests defy Vatican ban and bless same-sex unions