\u00a0<\/p>\n
The Minister of State at the Finance Ministry Charles Adu Boahene has deleted a post on his Facebook wall, in which he intended to defend himself in connection with a yet-to-be-released documentary by investigative journalist Anas Aremeyaw Anas.<\/p>\n
He immediately deleted the post, after the President sacked him through a statement issued from the presidency.<\/p>\n
On his Facebook page, he said \u201cIt has come to my attention that a documentary to be aired by Tiger Eye Pl, and an article published in the Crusading Guide of
today seeks to accuse me of brokering deals
for the Vice President of the Republic\u201d<\/p>\n
He continues that \u201cThis follows an attempt to entrap me and other persons in 2018. Substantively I have not been involved in this act of which I am being accused\u201d.<\/p>\n
\u201cI do not however wish to be a distraction to the Government and the Ministry of Finance at this crucial moment. Consequently, I have submitted my resignation to the President of the Republic. I will however look forward to a full investigation which I hope will reveal that I have not committed this act\u201d.<\/p>\n
In a statement issued by the Presidency, the letter stated \u201cAfter being made aware of the allegations leveled against the Minister in the expos\u00e9, \u201cGalamsey Economy\u201d, the President spoke to Mr. Adu Boahen, after which he decided to terminate his appointment, and also to refer the matter to the Special Prosecutor for further investigations\u201d.<\/p>\n
Charles Adu Boahen, who was captured in a Anas video alleged that Vice President Dr Mahamudu Bawumia, needs just USD200,000 as an appearance fee and some positions by an investor for his siblings to get his backing and influence in establishing a business in Ghana, Anas Aremeyaw Anas reported.<\/p>\n
Barely a few hours before the showing of his latest undercover expos\u00e9, the celebrated investigative journalist in a post on his Facebook timeline stated that when his Tiger Eye PI team met with the Minister of State in charge of Finance in the United Arab Emirates, UAE, he stated, for the Vice President to avail himself to the undercover investigators who posed as investors, he will need an appearance fee of only USD 200,000 and also support their investment.<\/p>\n
\u201cYou mean, like appearance fees and stuff? I mean he, himself (the Vice President), if you give him some (USD) 200,000 or something as a token, as thank you, appreciation, that\u2019s fine. He\u2019s not really, he\u2019s not really (like) that. All he needs is to worry about his campaign money in 2020,\u201d Charles Adu Boahen said when he was asked how an investor can get the attention of the Vice President.<\/p>\n
He added that an investor must also consider opportunities for the siblings of the Vice President for his full support, apart from the USD200,000 appearance fee token to him.<\/p>\n
\u201cSo, if you come with 3 or 4 projects and you say, we are doing this, we are doing that, (and) we are prepared to write a cheque for this, write a cheque (for that). You see, he has a big family. (The) Vice President has about 5 or 6 brothers and sisters. So, what may be, will happen is; if you tell him (the Vice President) that, hey, look, I want to do this project, do you have somebody that I can work with that you will introduce me to? And then, you know, he (the Vice President) will use that to immediately put his brother to work with us on a particular project. That\u2019s how we would be able to work with him (the Vice President). You know what I mean? You see what I\u2019m saying? And the development of his businesses,\u201d the Minister of State in charge of Finance added.<\/p>\n
Anas noted that Adu Boahen, after having bundles of US dollars spread on a table in front of him and told to use them for shopping by the supposed business tycoon, promised to introduce the tycoon to the powers that be; the President, HE Nana Addo Dankwa Akufo-Addo, and the Vice President, in Ghana.<\/p>\n
\u201cThe President himself is also, like my uncle. He was my father\u2019s campaign manager when my father was running for office. So, he will also (come in),\u201d the Minister noted.<\/p>\n
He, however, concluded that the Vice President is the most important power to be introduced to in the banking business, therefore the one to meet.<\/p>\n
\u201cBut you know (that) at the operational level, the Vice President is the one who handles everything. So, he\u2019s the guy we should go and meet.\u201d<\/p>\n
This was when he was asked about how he could lead \u2018the business tycoons\u2019 to the powerful people in Ghana who can give them influence while they operate in Ghana.<\/p>\n
\u201cExcellent. Excellent. You know, I was just telling (that) Isaac, that I have to introduce you to the Vice President. (The) Vice President is a very good man and he used to be the Deputy Governor of Bank of Ghana. So, if I tell him you want to come and open a bank, he will prefer it that way. As soon as you can, I have to introduce you. Because you know, even if I\u2019m going to handle something like this, he\u2019s somebody that I have to bring in at some level, even if not the whole details. Because, you know it is important that you get to know him,\u201d Charles Adu Boahen stressed.<\/p>\n
Charles Adu Boahen further told the supposed investors that he will charge 20% when they want to invest 500 million (US) dollars in Ghana as a commission for his services.<\/p>\n
\u201cOkay. No problem. Okay, let me think about that because (I) think we can manage something. Okay. Hm! This is tough. Sheik, what\u2019s the right address? What should I call you? Okay, Sheik. Sheik, 20%,\u201d he finally said.<\/p>\n
This was after he had given the supposed entrepreneurs the option of either giving him a percentage before the work is done and the returns from this percentage will be his alone. Or just give him a finance fee and share the returns made in the investment with him.<\/p>\n
\u201cLet me give you an example. I own myself a Real Estate company, so, we are into Real Estate. So, we just finished an office block. \u2026 I don\u2019t wanna (want to) make money that I haven\u2019t worked for it. You know, I believe in working for money. If let\u2019s say we want to do affordable housing projects which would cost $15 million, you can come in and share that with me. If you bring the whole $15 million for the project, you can earmark 20% of that $15 million as mine, and whatever returns I make on that 20%, I keep\u201d.<\/p>\n
![\"\"](\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/11\/adu-boahen-facebook-191x300.jpg\")
<\/p>\n
\u201cOr you put the money to work and give me a 10% finance fee, and then give me a share of whatever returns on the project as well. We normally would make a return of maybe 25% returns, 30% dollar equity rate, when we do projects like that. So, it\u2019s up to you and how (what) you are comfortable (with) and how you want to work,\u201d Adu Boahen said while giving these options\u201d.<\/p>\n
He also tried to lobby for the supposed entity to buy a Debt Instrument (Bond) but was not successful as \u2018the business magnates\u2019 were not interested in that.<\/p>\n
\u201cBut you are not allowed to buy any debt instrument? You know, we issue bonds. You know we just issued these energy bonds. Is he allowed to; can you buy bonds?\u201d<\/p>\n
BY Daniel Bampoe<\/strong><\/p>\n \n\t<\/div>\n","protected":false},"excerpt":{"rendered":" \u00a0 The Minister of State at the Finance Ministry Charles Adu Boahene has deleted a post on his Facebook wall, in which he intended to defend himself in connection with a yet-to-be-released documentary by investigative journalist Anas Aremeyaw Anas. He immediately deleted the post, after the President sacked him through a statement issued from the […]<\/p>\n","protected":false},"author":1,"featured_media":1250634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1250632","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1250632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1250632"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1250632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1250632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1250632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1250632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}