Ibrahim Mahama To Buy Electricity Corporation of Ghana

1. In 1994, Ibrahim Mahama arrived in London. He worked as a cleaner just like all Ghanaian hustlers after their first degree in Ghana.

2. In 1997, John Dramani Mahama was appointed Deputy Minister of Communication in Ghana. He sent a lifeline to the brother who was struggling in London to return home. In the same year, John Dramani Mahama manipulated some government contracts to get his brother into the construction business. Ibrahim Mahama became a contractor overnight after returning to Ghana.

3. By the end of 1997, Ibrahim Mahama bought his first two sets of Audi 4—one for his wife and one for himself.

4. By 1999, Ibrahim Mahama ventured into the mining sector by the kind courtesies of his brother who has started using him as a conduit to siphon state money and contracts through the backdoors. Ibrahim won extraction contracts with Ghana’s premier goldmines, Anglo Ashanti, formerly known as Ashanti Goldfields, without any proper biddings or contest.

5. By 2000, NDC was voted out of power. But Ibrahim and the brother had already established an excellent working relationships with members of the new government. Besides, Ibrahim Mahama had also accumulated enough financial resources to be on his own as a businessman and a contractor.

6. Between 2000 and 2005 Ibrahim Mahama was in the quiet as the influence of his brother waned with the NDC in opposition. Especially immediately after the 2004 election when it looked as if the NDC was going to remain in opposition for a long time.

7. In 2006, Ibrahim Mahama ventured into the Agriculture Development Bank with the support of some members of the NPP-government. Ibrahim secured an amount of US$20 million from the bank with NPP backing. This was on condition that he dissuades his brother, John Dramani Mahama, from supporting the then NDC presidential candidate, the late John Evans Atta Mills. Take note Ekwow Spio-Garbrah had already turned down the offer to support the late Atta Mills. In fact, processes at the Agricultural Development Bank that required significant collateral backings were subdued due in favor of Ibrahim Mahama in the hope that he would convince the brother not to be the running mate for Mills. He was seen as a bright young fellow who would brighten the Atta Mills card with some new energy.

7. By 2008, the interest on the loan and the principal accumulated to a point where the financial activities of the Agricultural Development Bank were becoming problematic because Ibrahim could not sustain the servicing of the loan any longer. All this while, Ibrahim was also playing hide and seek with the National Investment Bank, where his indebtedness had ran the operations of the bank to a halt. Management later decided to sell the bank off. He also deluded the NPP of using his influence to dissuade his brother from the Atta Mills card.

8. Between 2010 and 2012, the dealings of Ibrahim Mahama and his brother, the then Vice president John Dramani Mahama, had come to the attention of the late Professor Atta Mills who was at pains with the network John Dramani Mahama was running directly from the Osu castle using his office to protect his brother’s bad business deals. Relationship between the president and his vice never improved until the death of the late Mills.

9. All of a sudden, after the death of Mills, the keys to Ghana’s vault were handed to John Dramani Mahama. Ibrahim Mahama’s indebtedness to both ADB and NIB has been converted into huge profits. Today, conservative figures place Ibrahim Mahama at the top of the Ghana chart of billionaires with a net worth of US$3 billion. From a cleaner in London in 1994 to the number one billionaire spot in Ghana in 2015, Ibrahim Mahama has shown interest in buying the Electricity Corporation of Ghana. Ghanaians should open their eyes to understand what is brewing behind the scenes with regard to the so-called dumsor that they have been experiencing for a long time now. Ibrahim Mahama is in the inner circles!!!

10. Even in business, there is a rate at which interest accrues. The question that should be nagging Ghanaians is: how much has Ibrahim Mahama accumulated through any genuine transactions and how much has he and his brother John Dramani Mahama stolen from the state of Ghana toward their ECG project.