Bankswitch scandal: Forces within Finance,Trade Ministries sabotaged Mills


A whistleblower Kudzo Akpabey has revealed that some powerful collaborators within the Trade and Finance Ministries cancelled a revenue collection contract awarded to Bankswitch without the knowledge of the late President Mills.

The cancellation of the contract has led to an excess of ₵196million cedis judgment debt which could escalate into over ₵1billion.

Bankswitch judgment debt is a story of how a five-year contract signed under former President Kufuor’s government was cancelled under the late President Evans Atta Mills.

The contract was to block loopholes within the revenue collection system at the ports which, to Kudzo Akpabey who is also a Revenue consultant, amounts to over a staggering $80billion every year.

Narrating events leading to the award of judgment debt, the whistleblower explained on Joy FM’s Super Morning Show Monday, the contract was signed in 2007, a year before President Kufuor’s government lost the general elections.

To cure a new government’s skepticism about the services it was to provide, officials of Bankswitch, at a meeting chaired by the late President Mills, did a demonstration of how its operations will help curb corruption at the ports.

In attendance were the Minister of Finance, Kwabena Duffour and Minister of Trade, Hanna Tetteh along with government officials from the Ghana Revenue Authority and GC-NET, the company which was present before Bankswitch was awarded the contract.

President Mills asked that Bankswitch be allowed to roll out its operations for three months to see how it really works on the ground after which the President was to take a decision.

But according to Kudzo Akpabey, President Mills never got to take the decision.

Somebody at the Ministry of Finance in collaboration with actors within the Trade Ministry cancelled the contract.

More soon
Story by Ghana|Myjoyonline|Edwin Appiah|[email protected]


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