By William
Yaw Owusu
Wednesday
May 16, 2018
Former Deputy
Governor of the Bank of Ghana (BoG), Dr. Johnson P. Asiama, has put up a
spirited defence of the opposition National Democratic Congress’ (NDC) ‘dodgy’
GH¢4.6 billion contract that was to establish a national switch to make mobile
money payments and other transfers interoperable (i.e. link to each other) in
the banking and the financial system.
He said at a news
conference in Accra on Monday that the contract, signed during his tenure, was
not overpriced as being claimed, and accused some politicians of attacking his
personality in the role he played during the deal.
“It is politicians
taking over an issue which should be in the domain of the Central Bank.
Politicians, back off this issue.
There is no criminality. There is no role of
government,” he claimed, adding, “Under the original contract there was no
government involvement. It was the Central Bank in a commercial transaction
with a client. If they have a problem, they have lawyers, they have
professionals.”
Interestingly, Mr
Asiama’s boss, Dr. Nashiru Issahaku - former Governor of the Bank of Ghana - denied
a statement attributed to him.
He was said to have
condemned Vice President Bawumia for exposing the alleged corruption in the
deal with the Bank of Ghana.
Some opposition
party activists, including former government officials, circulated a statement which
they claimed Dr Issahaku prepared to set the records straight.
BoG’s Mandate
He added, “Let the Central
Bank speak; let them do their job. When you turn it into politics and then you
hang corruption on my neck, you make me look bad, and I can’t sit down, I can’t
sleep over that; I have to make it clear.”
He debunked claims
that he was holding brief for the opposition NDC.
Nowhere had Dr
Asiama, who resigned from the Bank of Ghana in bizarre circumstances, been
mentioned in connection with the dodgy deal, which is said to have been cooked
for the eventual winner - allegedly fronted by Roland Agambire of rlg fame.
Reacting to a
question on the differences in the prices quoted by Sibtons - the winner of the
contract - and what the Ghana Interbank Payment and Settlement System (GhIPSS)
put forward, Dr. Asiama explained that the current system cannot monitor the
flow of transactions to determine the revenue that would be accrued to
government.
“I am out of office
and I cannot say what is being done now but if I look at the details and scope
of work in the original contract as stated here, it goes far beyond what was
launched last week...It is like comparing antelope and an elephant. I am not
sure the price will be the same,” he posited.
Shifting Narratives
The NDC appears to
be shifting the narratives following a bombshell by Vice President Dr Mahamudu
Bawumia that they were going to spend GH¢4.6 billion in establishing a national
switch to make mobile money payments and other transfers interoperable.
Operatives of the
party are now saying that the GH¢4.6 billion was not government cash after
their vehement denial that such a huge amount of money was involved.
Bizarrely, in their
attempt to do what looks like a ‘cover-up,’ they are not also able to tell
where Sibton Switch Systems Limited was going to generate the funds to complete
the controversial project.
Luck eluded the Mahama-led
NDC when it was booted out of office in the 2016 general election; but the
Akufo-Addo-led New Patriotic Party (NPP) government has been able to complete
the same project with only GH¢18.4 million, according to Vice President Dr.
Mahamudu Bawumia.
Contract Terms
The Mahama
government had priced the cost of integrating the mobile money platforms of
Ghanaian telcos with the national payments switch (GHIPPS) at over $1 billion
(GH¢4.6billion), which translates into about 15% of the national budget.
25 Years
Under the project,
Sibton was to raise the funds and develop the project by earning a percentage
of fee over a 25-year period to cover the over $1 billion price tag plus return
on investment; and it was to be done through deductions from mobile money users.
However, the price
for a simple gateway and ledger for a few billing engines at over $1.2 billion
has been described by many as one of the ‘craziest, most ridiculous, scams
hatched’ on the government of Ghana by some experts.
In effect, if the
contract, which financial outlay is GH¢4.6 billion, had been executed, the
taxpayer would have borne the entire cost because Sibton Switch Systems was not
going to provide the system for free as being suggested by some NDC apologists.
Done! Dusted!
Popular lawyer and
anti-corruption crusader, Ace Ankomah, waded into the controversy when he did a
diagnosis of the whole agreement, concluding that the deal was cooked for the
benefit of some big people high up in the previous government.
“Done. Dusted. So
instead of simply mentioning the GH¢4,677,414,340.82, they take you on a long,
circuitous route to get there,” he fired, adding, “And I’m not even going to
get into the omissions and typos in the Agreement and what they suggest!
“Of course, the contract
doesn’t mention the GH¢4.6bn. Dunno if it was deliberate. They take you there
by deploying a contractual drafting process I call ‘hyperlinking and
incorporation’ and ‘belts and braces.’ Quite circuitous. But stick with me.
It’s really simple.”
He added, “Basically,
and in other words, the GH¢4.6bn in the Sibton Financial Proposal was adopted
and incorporated into the Agreement and could only be varied with Sibton’s
consent!”
Create, Loot And Share
A Deputy
Communications Minister, George Nenye Andah, who doubles as NPP MP for Awutu
Senya West, said on Accra-based Rainbow
Radio that what happened was a clear case of ‘create, loot and share.’
“We are happy that
the NDC is out of power and the NPP assumed office to save Ghana from the create,
loot and share. We have saved Ghana a lot of money. The figure represents the
entire solution...this is a government that listens, this is a government that
wants to ensure that we have a Ghana Beyond Aid,” he added.
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