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EOCO lacks appetite to probe Cecilia Dapaah’s scandal – OSP
The Office of the Special Prosecutor (OSP) says the posture of the Economic and Organised Crime Office (EOCO) shows it lacks interest in probing the money laundering charges levelled against former Sanitation Minister Cecilia Dapaah.
OSP forwarded its docket on the former minister to EOCO for onward action but EOCO’s Executive Director, Maame Yaa Tiwa Addo-Danquah in a media interaction at the 14th Commonwealth Regional Conference of Heads of Anti-corruption Agencies in Africa on Monday, disclosed that steps were being taken to return the docket to the OSP.
According to Madam Addo-Danquah, whatever they “would have done had already been directed at the police CID” and so there is nothing her outfit could do.
The Director of Strategy, Research, and Communications at the Office of the Special Prosecutor (OSP), Samuel Appiah Darko, said that EOCO simply does not have the appetite to investigate and prosecute the former minister.
“The second point I want to make is this whole idea that the docket that the OSP sent to EOCO was baseless and if you will indulge me, I am going to be a bit detailed, although we are not supposed to do this but our point is that if there is no appetite to want to investigate and prosecute, tell the people of Ghana that there is no appetite but don’t try to put the blame on the OSP,” Mr Darko told the host of the Citi Breakfast Show, Bernard Avle, on Citi FM.
He also rejected claims that the OSP had cleared the former minister.
“The AG saying that we had cleared Cecilia Dapaah of any offence is also not accurate because the OSP has never cleared Cecilia Dapaah because when you say you have cleared someone, it means that you have investigated and come to the conclusion that no offence has been committed,” he concluded.
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
