The MP of Parliament for Bawku Central has requested the Bank of Ghana (Lowland) to see into endeavors by the Back Serve through his operators at the Ghana Amalgamated Believe (GAT) and Securities and Trade Commission (SEC) to offer the state’s offers in protected banks to suspicious third parties.
In his request, Mr Mahama Ayariga called for a test into the exercises of the Board Chairman and CEO of GAT, Albert Essein and Eric Otoo individually.
He alleges that these two individuals “are coordinating with the Service of Back and Moment Agent Senator of Lowland to actualize the flawed exchange.â€
Mr Ayariga expressed that information assembled appears that GAT has submitted a plan to Securities and Trade Commission (SEC) for endorsement to empower it offer off its offers in these banks to a few private individuals whose personality calls for a few examination.
“The Serve of Back through GAT is as of now utilizing GAT’s position as shareholder in these banks to questionably offload GAT’s speculations to individuals in an self-evident conspire to pass on esteem in an undeserving way to those individuals.
“This conduct of GAT is completely unsatisfactory as GAT contributed in these banks by obtaining its offers at a discounted rate from its existing shareholders. GAT cannot subsequently be seen inside as it were two (2) a long time after its value speculation within the banks to be taking steps to offer off its offers to these individuals who must be examined,†he uncovered.
He moreover called for a see into GAT’s arrangement of political chiefs who are agents of Government.
The Bawku Central MP demands this is often “tricky†since this mode of operation by GAT “gives room for political specialists to exasperate and politicize operations of these banks which the Bank of Ghana had as of now distinguished to be well represented and well overseen.â€
Concurring to the MP, ought to Lowland come up short to intercede, it'll be held as an accessory and be in grave obligation in case the exchange is eventually demonstrated to be false.
In spite of the caution, he issued the Bank of Ghana with a five day final proposal to stop the deal or confront lawful activity and a parliamentary test.
“It is in this manner our trust that the over concerns will be completely explored by Lowland. We accept that the terminate and cease letter to GAT Chairman and the CEO will be complied with to protect rational soundness within the Managing an account Segment. On the off chance that they deny to regard this exhortation to halt the false IPO, we'll certainly cause a exhaustive parliamentary request and examination into this entirety adventure.
“Meanwhile, we are going to have no other alternative than to require legitimate activity against the Lowland, SEC and GAT in this matter for their different parts in this flawed exchange.
“We anticipate your reaction and activity inside 5 days from receipt of this letter. We'll not delay to require advance activities within the best intrigued of the Charge Payer and Ghanaians in common ought to your Office fall flat or disregard to cause an examination into the things raised,†he concluded.
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