Kufuor to probe TOR, BOST, GNPC & SSNIT

The Dispatch says it can, based on credible evidence available, reveal that the administration of President John Agyekum Kufuor is putting in place machinery to, along the lines of probity and accountability, investigate various allegations of impropriety at four state institutions.

They are Ghana National Petroleum Corporation (GNPC); Tema Oil Refinery (TOR); Bulk Oil and Storage Transport (BOST) and Social Security and National Insurance Trust (SSNIT)

It said its enquiries have revealed that one of the main thrusts of the investigations is to determine the truth in allegations that made against a number of institutions and organisations, including the four.

In GNPC, it is expected that the probe will determine the authenticity of claims that the activities of the corporation has been a huge drain on the economy.

Dr Kwesi Botchway, the former Finance Minister, sighted the GNPC's huge financial drain which ex-President Rawlings failed to check as one of his main reasons for leaving the NDC government, and some World Bank and IMF reports expressed misgivings about the huge sum of monies the government was placing at the disposal of the firm.

The probe into SSNIT would be perhaps, one of the easiest, given the fact that the intense media and public outcry against some allegations of malfeasance had been proven credible. The manner in which certain SSNIT properties were purchased by a select few could be a pointer to the nature of those Ghanaians.