• VIDEOS
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Election 2020 Results
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Photos
Local News
 
 
 
Home Business Banking/Finance 202009

Databank Was Selected On Merit - Ken Ofori-Atta Quenches Fire On Conflict Of Interest In Agyapa Deal

04-Sep-2020
/ Banking/Finance, Business
Email
Print
Comments 3
(3)
Comments
Share on Facebook Share on Twitter
 

Ken Ofori-Atta, Minister of Finance has shot down claims of nepotism or conflict of interest in the controversial Agyapa Royalties deal.

The NDC has raised issues with the fact that the Agyapa deal is only between family and friends of President Nana Addo Dankwa Akufo-Addo.

They have cited Gabby Asare Otchere-Darko, whose law firm handled the agreement, Kofi Osafo Maafo, son of Senior Minister, Yaw Osafo Maafo, Ken Ofori-Atta, owner of Databank also connected to the deal and so on.

However, speaking in an interview with Kwami Sefa Kayi on Friday's edition of Peace FM's morning show 'Kokrokoo', the Finance Minister said his firm has been on existence for a very long time and has a long-standing experience and reputation in investment and so the selection was based on merit.

"So the President asks me to get involved in something and because I am his cousin, I will turn him down? What is this? We need to factor in skills and experience in our discussions," he said.

Gabby's law firm

In relation to Gabby, the Finance Minister said his Africa Legal Associates (Gabby's firm) is linked to the law firm representing Bank of America; the main advisor.

"Bank of America is the main advisor and they have their own law firm. Usually, these international law firms have an affiliate in Ghana and that’s where Gabby’s firm came in," he indicated.

"I will tell you to rest at ease because the republic is always first in everything we do," he added.

He has also explained how Kofi Osafo Maafo became part of the deal.

Listen to him in the video below

Source: Rebecca Addo Tetteh/Peacefmonline.com

 

 
 

 

Comments ( 3 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

My Govt Has Paid 98% Of Depositors Of Collapsed Banks, Microfinance Companies - Akufo-Addo

 
 

More Stories

Menzgold Customers Sue Government Agencies For 'Negligence'
Fidelity Bank Opens New Branch In Sampa
Absa Bank Ghana Partners M.Anifest To Promote Smart Banking With ‘Simple & Easy’ Campaign
I Never Promised To Pay Menzgold Customers – Mahama
Mobile Intelligent Banking Enables Digital Transformation In The FSI
Standard Chartered Bank Celebrates Customers With 100% Waiver On All Account To Wallet Transactions
Aggrieved Menzgold Customers Threaten To Vote Against NPP
Hackers Steal Billions Belonging To Airtel, MTN, Stanbic, Others
Fidelity Bank Introduces Auto Loan Package For Health Workers

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Banking/Finance Stories

  • Menzgold Customers Sue Government Agencies For 'Negligence'

  • Fidelity Bank Opens New Branch In Sampa

  • Absa Bank Ghana Partners M.Anifest To Promote Smart Banking With ‘Simple & Easy’ Campaign

  • I Never Promised To Pay Menzgold Customers – Mahama

  • Mobile Intelligent Banking Enables Digital Transformation In The FSI

  • Standard Chartered Bank Celebrates Customers With 100% Waiver On All Account To Wallet Transactions

  • Aggrieved Menzgold Customers Threaten To Vote Against NPP

  • Hackers Steal Billions Belonging To Airtel, MTN, Stanbic, Others

  • Fidelity Bank Introduces Auto Loan Package For Health Workers

  • BoG Maintains Policy Rate At 14.5 Per Cent

 

 
 

Popular Videos

Carlos Ahenkorah Opens Up On Why He Disobeyed Osei Kyei Mensa Bonsu

Carlos Ahenkorah Recalls Muntaka’s Heavy Knock And Beatings

Reckless Comment! Is Bulldog A Rebel Leader? – Owusu Bempah Quizzes

Kwabena Marfo Demonstrates Best S3x Position To Help Protect Pregnant Women And Unborn Babies

Fati Abubakar Punches Holes In NDC Election Petition

Election Petition: Lawyer TK Highlights What Happened At The Supreme Court

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Online Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media