The MOUs contain provisions in breach of the 1992 Constitution and legislation such as the Financial Administration Act. For instance, several MOUs (especially those in connection with AGAMS Group of companies including Rlg, Craftpro and Asongtaba) contain interest free loans granted and disbursed to the SPs without recourse to Parliament as required by the Constitution and the Financial Administration Act. There is no evidence that any of these loans granted by GYEEDA received approval by Parliament. As of 30 June 2013, total loans advanced to the companies owned by Mr. Agambire stood at approximately fifty million Ghana cedis (GHS50, 000,000.00). The Committee observes with concern that these companies assert that GYEEDA owes them about fifty six million Ghana cedis (GHS56, 000,000.00). Hahahahahahaha "Hope City!"
Posted on: Fri, 02 Aug 2013 08:33:57 +0000
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