Business General

$137m ‘chop chop’ at Ghana Gas exposed

Procurement irregularities amounting to a whopping US$137,861,127.15 have been uncovered at Ghana National Gas Company during the erstwhile administration of John Mahama.

A forensic audit conducted by Morrison and Associates has detected that helicopters purchased from China National Aero Technology Import and Export Corporation (CATIC) by Ghana Gas “have never been used for purpose of its purchase.”

According to the audit report in possession of, a whopping amount of $54,800,000 has gone down the drain as “financial loss to the state.”

The report which covered the board chairmanship tenure of Dr. Kwesi Botchwey also has it that equipment for the helicopters worth $5,958,366.76 “were not delivered even though it was part of the contract price.”

It added: “Abnitio training cost not fully utilized for its intended purpose” amounts to US$300,000, making a total of US$61,058,366.756.

The report which has been submitted to President Akufo-Addo and his cabinet also detected procurement breaches worth US$34,451,650.22 and US$42,351,110.17 in contracts with Memphis Metropolitan Limited and Kingspok Company Limited respectively.

The report of the Cabinet sub-committee which was responsible for coordinating forensic audits and investigations has been submitted to the Economic and Organised Crime Office (EOCO) for investigations.

Do you want to be featured on Send us a message on our Facebook page now with your stories, photos or videos.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *