'Evidence' confirms E&P settlement of 28m Merbank debt

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KAY FUGA. 11 years ago

APPIAH-MENKA AND OTHER NPP DEBTORS SHOULD ALSO PAY NOW, NOW, NOW. SHAME.

APPIAH-MENKA AND OTHER NPP DEBTORS SHOULD ALSO PAY NOW, NOW, NOW. SHAME.
Koffiga 11 years ago

You don't see this is fraud and deception to steal from Ghanaians? The Bank is already sold so who is going to benefit from this payment the new owners or Ghana? Please be a bit patriotic and show some devotion to mother Ghan ...
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You don't see this is fraud and deception to steal from Ghanaians? The Bank is already sold so who is going to benefit from this payment the new owners or Ghana? Please be a bit patriotic and show some devotion to mother Ghana because we have only Ghana and nothing else.
Kossiga 11 years ago

What is the Fraud in this Koffiga??? The new owners will definitely take custody of any repayment on behalf of mother Ghana or is either you don't want the monies to be paid back which is which ???
So tell me, who is patriot ...
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What is the Fraud in this Koffiga??? The new owners will definitely take custody of any repayment on behalf of mother Ghana or is either you don't want the monies to be paid back which is which ???
So tell me, who is patriotic here?
KAY FUGA. 11 years ago

KOFFIGA; COME AGAIN. YOU ARE UNPATRIOTIC.

KOFFIGA; COME AGAIN. YOU ARE UNPATRIOTIC.
Koffiga 11 years ago

The sale is like stealing someone money today, and then using part of the same money to help him/her when your victim is in distress. And that is the fraud in it.

The sale is like stealing someone money today, and then using part of the same money to help him/her when your victim is in distress. And that is the fraud in it.
gg 11 years ago

Why $28 million? Ibrahim owed Merchant Bank $38 million so where is the $10 million.

Why $28 million? Ibrahim owed Merchant Bank $38 million so where is the $10 million.
Kouamega 11 years ago

where is the shame

where is the shame
KAY FUGA. 11 years ago

WHERE IS THE FRAUD IN THIS CASE? IS BORROWING FROM A BANK A FRAUD? IS IT ONLY IBRAHIM WHO WAS INDEBTED TO MB? WHEN IS APPIAH-NENKA AND THE REST PAYING? WHERE IS THE SHAME MR. KOFIGGA OR WHOEVER YOU CALL YOURSELF? DID YOU READ ...
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WHERE IS THE FRAUD IN THIS CASE? IS BORROWING FROM A BANK A FRAUD? IS IT ONLY IBRAHIM WHO WAS INDEBTED TO MB? WHEN IS APPIAH-NENKA AND THE REST PAYING? WHERE IS THE SHAME MR. KOFIGGA OR WHOEVER YOU CALL YOURSELF? DID YOU READ THIS WHOLE STORY FROM THE BEGINING? WHAT WERE THE TERMS ON WHICH THE LOAN WAS GRANTED AND WHAT HAPPENED LATER? i KNOW WHAT AM SAYING BASED ON FACTS; OK? GO BACK AND READ MORE ON THIS.
APPIAH 11 years ago

LOL

LOL
LARYEAH 11 years ago

FOOL, ALL YOU NO IS THAT THEY HAVE SETTLED THE DEBT, BUT HAVE THOUGHT ABOUT HOW IT WAS SETTLED. WHY COULDN'T THEY SETTLED IT BEFORE THE BANK WAS SOLD, AFTER ALL, INSOLVENCY LET TO THE SALE OF THE BANK. IF YOU IDIOT SELL THE B ...
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FOOL, ALL YOU NO IS THAT THEY HAVE SETTLED THE DEBT, BUT HAVE THOUGHT ABOUT HOW IT WAS SETTLED. WHY COULDN'T THEY SETTLED IT BEFORE THE BANK WAS SOLD, AFTER ALL, INSOLVENCY LET TO THE SALE OF THE BANK. IF YOU IDIOT SELL THE BANK OF GHANA TO ME WITH PEANUT, I WILL PROVIDE MONEY TO MAHAMA TO SHOW THAT HE PAID THE PLANES HE BOUGHT FROM HIS OWN POCKET. TROKO-FUGA, DO YOU NEED ME TO ELABORATE THAT. I GUESS NOT!

Edem 11 years ago

Merbank is now on strong footings. For Thieves should now back off!

Merbank is now on strong footings. For Thieves should now back off!
KOO PONG 11 years ago

Glad to hear this. What next? All those who owe the former Merchant Bank must also settle their indebtedness immediately. We are in a country where everything is politics, petty politics, propaganda politics etc. Merchant is ...
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Glad to hear this. What next? All those who owe the former Merchant Bank must also settle their indebtedness immediately. We are in a country where everything is politics, petty politics, propaganda politics etc. Merchant is ours through our SSNIT contributions and all who borrowed must pay so that my pension will be guaranteed.
Asafo Adjei Ernest 11 years ago

As Ibrahim Mahama had settled his indebtedness now ,NPP's bow your heads in gig shame and better do some with immediate effect.
Hippocrates and disgraceful NPP

As Ibrahim Mahama had settled his indebtedness now ,NPP's bow your heads in gig shame and better do some with immediate effect.
Hippocrates and disgraceful NPP
Ras BO -LONDON 11 years ago

Kuffour sold Ghana Airways Ghana Telecom and ashanti Gold fields shares just to be called "sir" in the UK....aaaw kwadonto kotsi po slaves.....

Kuffour sold Ghana Airways Ghana Telecom and ashanti Gold fields shares just to be called "sir" in the UK....aaaw kwadonto kotsi po slaves.....
Duga 11 years ago

NPP GURUS MUST PAY THEIR DEPT AFTER ALL THE NOISE THEY HAVE MADE,I PERSONALLY DONT THINK THEY WILL PAY AS MAHAMA HAS DONE BECAUSE THE DONT KNOW SHAME

NPP GURUS MUST PAY THEIR DEPT AFTER ALL THE NOISE THEY HAVE MADE,I PERSONALLY DONT THINK THEY WILL PAY AS MAHAMA HAS DONE BECAUSE THE DONT KNOW SHAME
TRUTH 11 years ago

AND MUST BE REVERSED IMEEDIATELY

AND MUST BE REVERSED IMEEDIATELY
Bebaako mensah wrote for Pres Mahama 11 years ago

IN SEPT 2012 BEBAAKO MENSAH COULD HAVE ONLY WRITTEN O TO MERCHANT FOLLWOING PETION OF LAWYER LITHUR ON THE INSTRUCTION OF PRESIDENT MAHAMA BECAUSE ALTHOUGH THE PETION WAS SENT TO THE CASTLE IN JULY 2012, IT WAS ONLY AFTER PRE ...
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IN SEPT 2012 BEBAAKO MENSAH COULD HAVE ONLY WRITTEN O TO MERCHANT FOLLWOING PETION OF LAWYER LITHUR ON THE INSTRUCTION OF PRESIDENT MAHAMA BECAUSE ALTHOUGH THE PETION WAS SENT TO THE CASTLE IN JULY 2012, IT WAS ONLY AFTER PRESIDENT MILLS DEATH THAT BEBAAKO MENSAH NOW WORKING AS SECRETARY TO PRESIDENT MAHAMA, AS MILLS HAD DIED, WROTE IN SEPTEMBER 2012 ASKING THE MERCHANT BANK TO COMMENT ON THE PETITION. MILLS DEATH SHOULD EB INVESTIGATED. KWAKU BAAKO IS OBVIOUSLY DOING PR WORK FOR E & P
FLOATING VOTER. 11 years ago

Ei Kofi what ahoo3yaa !!
What is your problem in this transaction , is this also fraudulent ?
Merchant bank lent E &P, the money for a good cause. If this loan granted has become the talk of the day and for that matter,his ...
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Ei Kofi what ahoo3yaa !!
What is your problem in this transaction , is this also fraudulent ?
Merchant bank lent E &P, the money for a good cause. If this loan granted has become the talk of the day and for that matter,his brother the President is today being accused for confronting for his loan has found the means to settle,
Baako what is your problem in this ?
Bebaako M wrote as secretary to Maham 11 years ago

Dear Kwaku Baako
It misleading to write that Bebaako wrote as secretary to Pres Mills because the response to the petition by E & P lawyer Lithur was written by Mr Bebaako Mensah ONLY AFTER President Mills died. The petition ...
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Dear Kwaku Baako
It misleading to write that Bebaako wrote as secretary to Pres Mills because the response to the petition by E & P lawyer Lithur was written by Mr Bebaako Mensah ONLY AFTER President Mills died. The petition was before Mills died and the response from Bebaako Mensah to the Merchant to comment wa sin September 2012 when Mahama was already President. Why is Kwaku Baako not deliberately report in his paper that Bebaako MENSAH wrote as secretary to Pres Mill, a dead person ? instead of MAHAMA
kWAKU IS doing PR work for E & P . It is clear. KWAKU has always failed to comment on the morality of the circumstances the debt was incurred instead focuses the GOODNESS IN SETTLING THE DEBT. Where will the money transferred go. To FORTIZ ho csan chose to give it back to the debtor who is suspected to eb associated with if not owner of FORTIZ
John Essel 11 years ago

How did E&P get the $28M

How did E&P get the $28M

Duga 11 years ago

Kwasia if you dont you think everybody dont work,this is npp idiology nonesence

Kwasia if you dont you think everybody dont work,this is npp idiology nonesence
Bebaako M wrote as secretary to Maham 11 years ago

Dear Kwaku Baako
In September 2012, Mr Bebaako Mensah would have written as secretary to newly sworn in President Mahama following death of Pres Mills in July 2012. Why does Kwaku choose to say Bebaako Mensah wrote as secret ...
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Dear Kwaku Baako
In September 2012, Mr Bebaako Mensah would have written as secretary to newly sworn in President Mahama following death of Pres Mills in July 2012. Why does Kwaku choose to say Bebaako Mensah wrote as secretary to President Atta Mills
Kweku Tawiah 11 years ago

I have read the original story in The New Crusading GUIDE and nowhere is Bebaako Mensah designated as Secretary to President Mills. He is simple described as Secretay to the President. Apparently, the Mills connection was int ...
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I have read the original story in The New Crusading GUIDE and nowhere is Bebaako Mensah designated as Secretary to President Mills. He is simple described as Secretay to the President. Apparently, the Mills connection was introduced by myjoyonline.com in line with it's in-house editing policy. Those who doubt this can access the original story published in The New Crusading GUIDE for purposes of verification.
still rastafari 11 years ago

ibrahim stay a businessman not a politician

ibrahim stay a businessman not a politician
Thieves 11 years ago

How much money did you receive Mr Drunkard, pedophile Baako? For this crummy PR article?

How much money did you receive Mr Drunkard, pedophile Baako? For this crummy PR article?
ERM 11 years ago

ITS INTERESTING WHAT BAAKU'S INTEREST IS IN DEFENDING E&P AT ALL COST. EARLIER ON IN DECEMBER 2013 BAAKU SHIFTED THE DATE FOR THE PAYMENT BE E&P THRU EGYPT AXIM BANK TWICE. NOW HE IS TELLING AS THAT HE HAS CREDIBLE INFO THAT ...
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ITS INTERESTING WHAT BAAKU'S INTEREST IS IN DEFENDING E&P AT ALL COST. EARLIER ON IN DECEMBER 2013 BAAKU SHIFTED THE DATE FOR THE PAYMENT BE E&P THRU EGYPT AXIM BANK TWICE. NOW HE IS TELLING AS THAT HE HAS CREDIBLE INFO THAT THE FULL AMOUNT OF 28MILLION DOLLARS WAS PAID ON JANUARY 30,2013.
FIRST, BAAKU SHOULD GET IT THAT THE FACT THAT 28 MILLION HAS BEEN TRANSFERRED BY AXIM BANK TO MERCHANT BANK ON IBRAHIM MAHAMA'S REQUEST DOES NOT MEAN THAT THE MONEY IS FOR THE PAYMENT OF WHAT HE OWNS THE BANK.FROM BAAKU'S OWN SOURCE, THIS AMOUNT OF 28 MILLION IS THE FIRST TRANCHE OF A MINING UTILISATION LOAN ARRANGEMENT WITH AXIM BANK. NOTHING IS SAID THAT THE MONEY IS TO BE USED TO FOR PAYMENT OF MONEY OWNED MB.i DON'T THINK AXIM BANK IS LOANING THE MONEY TO MAHAMA TO USE TO DEFRAY HIS DEBTS. THE LOAN IS RATHER A MINING UTILIATION ONE AS STATED BY THE SO CALLED REQUEST LETTER. WE NEED REAL EVIDENCE THAT IBRAHIM HAS PAID HIS DEBT. WHY CAN'T BAAKU SIMPLY GO TO FIND OUT FROM THE BANK? IN ANY CASE, IBAHIM MAHAMA ET AL HAVE ALREADY CAUSED DAMAGE TO MB LEADING TO ITS SALE TO THE LOWEST BIDDER, FORTIZ
Thieves 11 years ago

Thank you

Thank you
The Mask 11 years ago

Another important issue to consider is the value of foreign currencies in Ghana. Currencies like the australian dollar, the swiss franc, the danish kroner, Swedish krone have a high supply in Ghana but no demand. On the contr ...
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Another important issue to consider is the value of foreign currencies in Ghana. Currencies like the australian dollar, the swiss franc, the danish kroner, Swedish krone have a high supply in Ghana but no demand. On the contrary the Chinese renmibi has a high demand in Ghana but the supply is very low. What should the value of these currencies be in Ghana.

More exports is not the only way to stabilize the cedi. Another important way to stabilize the cedi is to reduce the profits of foreign businesses operating within the country like the cell phone companies and the foreign banks. If their profits are reduced then the demand for foreign currencies would reduce. Foreign businesses like banks have their shareholders outside Ghana. Therefore whatever profit they make would have to be transferred to them. In other to do this they buy and transfer large volumes of foreign currency to them. This is another important way to stabilize the cedi.
Prophet 11 years ago

Then please stop sale of merchant bank
STOP SALE NOW
ITS THE ONLY WAY TO PROVE

Then please stop sale of merchant bank
STOP SALE NOW
ITS THE ONLY WAY TO PROVE
OKOE 11 years ago

THE BANK WAS SOLD, AS SUCH, THE NEW OWNERS GET THE PAYMENT. THE IRONY IS IN THE SALE AND HOW IT WAS RUSHED. FORTIZ IF I AM CORRECT PAID 90 MILLION GHC. IF ONE CONVERTS IT WOULD BE $45 MILLION GIVE OR TAKE AND FORTIZ GETS THE ...
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THE BANK WAS SOLD, AS SUCH, THE NEW OWNERS GET THE PAYMENT. THE IRONY IS IN THE SALE AND HOW IT WAS RUSHED. FORTIZ IF I AM CORRECT PAID 90 MILLION GHC. IF ONE CONVERTS IT WOULD BE $45 MILLION GIVE OR TAKE AND FORTIZ GETS THE $28 MILLION. SO, IN EFFECT, MERCHANT BANK IS SOLD FOR $17 MILLION. WAS THIS TRNSATION OF MERCHANT BANK WORTH IT? HOW MUCH DOES SSNIT GET OUT OF THIS ? REMEMBER, THIS IS PEOPLES PENSION WE ARE TALKING ABOUT AND IN THE MEAN TIME THE MANAGERS OF SSNIT GET PAID WHILE THE BANK DID NOT DO DUE DILLIGENCE TO SSNIT.

Yaro Aguddy 11 years ago

The evidence of payment should not come from Kwaku Baako and his newspaper. When was he accredited as an Auditor to audit the accounts of the Republic of Ghana to confirm that a debt being owed to the people has been paid. Th ...
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The evidence of payment should not come from Kwaku Baako and his newspaper. When was he accredited as an Auditor to audit the accounts of the Republic of Ghana to confirm that a debt being owed to the people has been paid. The only credible sources of information on this issue should come from:

1. The Audited Annual Report of Fortiz Bank which shows that that debt has been retired.

2. The Audited Annual Report of SSNIT which shows that that loan on SSNIT books has been retired.

3. The Audited Annual Report of Access Bank (if we are to believe them) which proves that they have paid such an amount from loan receiveables from Afri-Import Bank.

4. The Audited Annual Report of Africa-Exim Bank which shows that they have facilitated such a facility to a Bank in Ghana on behalf of E & P.

5. The Report of the Auditor-General of the Rep of Ghana which shows that E&P does not own the people of Ghana through Fortiz any such amount.

As long as the information is not from any of these official sources but rented 3rd class Ghanaian newspaper take it with a pinch of salt!
Antiochus - London 11 years ago

Now we need the monies given out for the SADA and GYEEDA projects as well as Woyomi's, before we will rest our oars.

Now we need the monies given out for the SADA and GYEEDA projects as well as Woyomi's, before we will rest our oars.

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'Evidence' confirms E&P settlement of 28m Merbank debt

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