General News of 2013-12-09

Mahama erred in his involvement in Merchant Bank dealings - Akomea

Former Director of Communications for the New Patriotic Party (NPP), Nana Akomea says President John Mahama erred in involving himself in the matter between Merchant Bank and Engineers and Planners.

Documents available indicate that the Presidency was petitioned to intervene in the matter involving the settling of debt owed Merchant Bank by Engineers and Planners, a company that belongs to the brother of President Mahama.

Speaking to Citi News, Nana Akomea stated that the president’s involvement in the matter makes mockery of the Presidency.

“The Presidency has been actively involved. It doesn’t do well for our governance; it doesn’t set the right example, it’s not a good precedence for governments in this country.”

According to him, “these controversies will give rise to the perception that there is official interference or manipulation” in the Merchant Bank-Fortiz deal.

He added that the documentation citing official involvement of President Mahama “is terrible for our governance, it’s terrible for the sale.”

Nana Akomea pointed out that instead of Merchant Bank petitioning the Presidency for its intervention, the logical step the bank should have taken was to “go to SSNIT as the shareholders…if that doesn’t work, the regulator of the banking industry, the supervisor of the banking industry is the Bank of Ghana’ that is where you go.”