A former Finance Minister in the John Mahama administration has broken his silence over what role the Ministry played in the purchase of Airbus aircraft for Ghana's military.
Seth Terpker said there is a smart borrowing debt management behind the purchase of the military aircraft acquired from Airbus.
He told Joy Business’ Norvan Acquah Hayford Tuesday that he understands why the issue about the military finances is not being discussed because “it has to do with peacekeeping funds.”
Europe’s largest aircraft manufacturer was ordered to pay some 3 billion euro fine after admitting to paying huge bribes to land contracts in 20 countries, including Ghana, under doubtful arrangement leading to the investigation by the UK’s Serious Fraud Office.
Ghana bought three Airbus C-295 military transport aircraft in 2015. It is the processes leading to the purchase of these aircraft that was investigated by the UK’s SFO.
The document from the UK Crown Court revealed between July 1, 2011, and June 1, 2015, Airbus failed to prevent persons associated with it from bribing others concerned in the purchase of military transport aircraft for the government of Ghana.
The bribe was intended to obtain or retain business for advantage in the conduct of business for Airbus.
But Seth Terpker who spoke to Joy Business has been defending the Mahama government and Finance Ministry in the bribery allegations.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Western Region: NDC youth wing embarks on phase 2 of ‘retail campaign’
20 mins -
Action Chapel International holds annual Impact Convention in November
20 mins -
Jana Foundation urges young women to take up leadership roles
25 mins -
All set for Joy FM Prayer Summit for Peace 2024
36 mins -
Managing Prediabetes with the Help of a Dietitian
56 mins -
Joy FM listeners criticise Achiase Commanding Officer’s election comment
1 hour -
Legal Aid Commission employees threaten strike over poor working conditions
1 hour -
Ghana ranked 7th globally as biggest beneficiary of World Bank funding
1 hour -
IMF board to disburse $360m to Ghana in December after third review
2 hours -
Former Bono Regional NPP organiser donates 13 motorbikes to 12 constituencies
2 hours -
Securities industry: Assets under management estimated at GH¢81.7bn in quarter 3, 2024
2 hours -
Gold Fields Ghana Foundation challenges graduates to maximise benefits of community apprenticeship programme
3 hours -
GBC accuses Deputy Information Minister Sylvester Tetteh of demolishing its bungalow illegally
3 hours -
Boost for education as government commissions 80 projects
4 hours -
NAPO commissions library to honour Atta-Mills’ memory
4 hours