After learning that Databank, a financial company co-founded by the finance minister, Hon. Ken Ofori Attah, is the transaction advisor to the state when it comes to getting loans, well-known media personality Kwesi Kyei Darkwah, also known as KKD, has expressed his unhappiness.
According to KKD, in order to stop the looting, the legislature should prevent the minister of finance from utilizing his private company as a transaction adviser for state loans.
“I read a report yesterday that broke my heart. I saw how much Ghana owes but I also found that apparently, the minister of finance’s company or former company, is the transaction advisor to the monies we borrow. So, as Ghana gets poorer, the minister of finance’s company or former company gets richer”, he pointed out on state broadcaster GTV’s breakfast show hosted by Kafui Dey on Wednesday, 17 August 2022.
“Is this what we want to continue in this country? Do we want to elect people into office, give them their pay and perks and then allow them and their friends and their companies or their former companies to be the very beneficiaries of the woes of our country?” he questioned.
“This is not only about the minister of finance; this is about parliament; parliament, you must be ashamed of yourself. You have failed the people of Ghana, because I don’t think from the time of Nkrumah to date, whoever is the minister of finance should be benefitting every time our country goes to borrow money”, he complained.
Adding to it, he said “Is that what happened under everybody in this country? What precedent are we setting? Yesterday, when I read the report, I was so broken and I was like: ‘Do people know this?’ So, I called four different people; some in civil society, some in government, some in the former government, and they said: ‘Oh, but this is general knowledge’, and I’m like: ‘It’s general knowledge and parliament thinks it’s OK?’”,
“So, whoever wins the next election will also set up their own companies and be the transaction advisors when we go and take a loan? What is wrong with us as a people? So, the person’s motive for even going for a loan, for me, now, is not clear because every time we take a loan, their company makes money. Does this make sense to us as a people?” Mr Darkwah complained.