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Cecilia Dapaah saga: Domelevo, Gyampo, 100 others petition Parliament to probe EOCO’s conduct
Some prominent Ghanaians including former Auditor-General Daniel Yaw Domelevo have petitioned Parliament seeking a bipartisan probe into the conduct of the Economic and Organised Crime Office (EOCO) in the investigation regarding the stash of money found in the residence of former Sanitation Minister Cecilia Dapaah.
The group, which also has outspoken anti-graft campaigner Martin Kpebu, Security analyst Dr Adam Bona, academic Professor Ransford Gyampo and over 100 other Ghanaians spanning different walks of life, argue in their petition that EOCO had more than enough basis to investigate the former Minister for money laundering as she has been inconsistent and unable to provide the source over the huge amount of money seized at her residence by the Special Prosecutor.
“The failure to explain the source of the money should have been the cornerstone of the investigation,” the petition, which was submitted to Parliament on Thursday, May 16, 2024, noted among others.
It also raised concerns about what the group described as the deliberate refusal by EOCO to take steps to protect the money, which had been seized from the residence of the former minister by the OSP.
According to them “Upon receipt of the docket, EOCO did not act timeously to seize the money that the OSP was returning to Madam Cecilia Dapaah as publicly stated by the OSP.”
The petition also said EOCO has been inconsistent with their public commentary and actions in the investigation.
The development comes in the wake of the standoff between the state anti-corruption agencies investigating the former Minister over the stash of money.
The OSP is on record to have stated that EOCO lacks the appetite to probe the matter despite the detailed information it shared with them.
Source: Citinewsroom.com
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GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
