The Ghana Amalgamated Trust (GAT) has expelled charges that it is illegally offering off state offers within the protected banks to flawed individuals.
Talking to Evans Mensah on NewsNight on Thursday, the Chief Official Officer of the Ghana Amalgamated Believe, Mr. Eric Otoo shown that the charges are not established in any truthful prove.
Concurring to him, GAT isn't offering off offers to assigned individuals, as was charged by the MP for Bawku Central, Mr. Mahama Ayariga.
“So to clarify the issue, I’ve seen a letter that’s been passing around on social media by the MP [Mahama Ayariga], as you shown. And fair to clarify, within the letter, the MP is demonstrating that GAT is offering offers of the banks that GAT contributed in, as portion of the government’s approach program, and it’s really not the case.
So to display the genuine truth of the matter, GAT isn't offering off at this point, not offering off offers in these banks that GAT contributed inâ€, he expressed.
Mr. Otoo be that as it may demonstrated that GAT submitted a plan to the Securities and Trade Commission(SEC). But agreeing to him, the outline ‘was for GAT to raise reserves for GAT itself’; which the ‘outline does not propose to offer off offers within the GAT banks, that GAT has contributed inâ€.
Mr. Otoo too denied claims that GAT is offering offers to favored candidates with the involvement of the Fund Service.
“So what we’ve done is, ordinarily as you’ll see in capital markets, we’ve locked in potential speculators on a preliminary premise, whereas we are holding up for endorsement from the Securities and Trade Commission. Once that endorsement comes, we’d make our plan open and we’d open up for any investor at all, both institutional or retail speculators who’re inquisitive about GAT to do so. We safe house’t preselected anybodyâ€, Mr. Otoo stressed.
Prior, the Part of Parliament for Bawku Central appealed the Bank of Ghana (Marsh) to see into endeavors by the Back Serve through his specialists at the Ghana Amalgamated Believe (GAT) and 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 Essien and Eric Otoo.
He affirmed that these two individuals “are coordinating with the Service of Fund and Moment Appointee Representative of Marsh to execute the flawed exchange.â€
Mr. Ayariga expressed that information assembled appears that GAT has submitted a plan to SEC for endorsement to empower it offer off its offers in these banks to a few private individuals whose character calls for a few examination.
But Mr. Otoo shown that he is open to the calls by the MP for the Bank of Ghana to examine his equip.
“We are open. The information we have is open and can be confirmed by anybody. We are upbeat to lock in Bank of Ghana to supply them with anything information that's required to be able to clarify thisâ€, Mr. Otoo concluded.
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