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Mahama Ayariga Petitions Bank Of Ghana To Investigate Attempts To Sell Shares Of Ghana Amalgamated Trust

Ghanaian lawmaker and member of parliament for Bawku Central, Mahama Ayariga has called on the Bank of Ghana to look into alleged attempts by some individuals to sell off state shares in recapitalized banks to suspicious third parties.

A copy of the petition to the Bank of Ghana issued by the member of parliament for Bawku Central, Mahama Ayariga has named the finance minister as the person trying to sell off the shares of Ghana Amalgamated Trust and Securities Exchange Commission to suspicious third parties through his agents

It is also the believe of Mahama Ayariga that two persons, “are coordinating with the Ministry of Finance and Second Deputy Governor of Bank of Ghana to implement the questionable transactions”

“The Minister of Finance through GAT is currently using GAT’s position as shareholder in these banks to questionably offload GAT’s investments to individuals in the obvious scheme to pass on value in an undeserving way to those individuals, a section of the petition read.

“The conduct of GAT is completely unacceptable as GAT invested in these banks by purchasing its shares at a discounted rate from its existing shareholders. GAT cannot therefore be seen within only two (2) years after its equity investment in the banks to be taking steps to sell off its shares to these individuals who must be investigated”, Mahama Ayariga revealed.

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