Home Business Ghana Exim Financial institution denies ‘malicious’ publication about lacking GHS33m

Ghana Exim Financial institution denies ‘malicious’ publication about lacking GHS33m

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The Ghana Exim Bank claims a publication in the Herald, a area newspaper, about some missing GHS 33 million at the institution is untrue.

In a rejoinder to the publication that appeared in the Friday, June 28 to June 30 version of the newspaper, Management of the lender explained the publication was “malicious, mischievous and deceptive and has no factual foundation and it is only intended to bring the tough-gained track record of our Chief Government Officer, Mr Lawrence Agyisam and the Bank into disrepute.”

“No GHS 33 million is or has been lacking from the accounts of the GHANA EXIM Bank among the stated time period of the claimed audit carried out at the Ghana Export Advertising Authority by the Auditor Standard Dept,” the Ghana Exim Lender explained in the rejoinder dated June 28, 2019.

”In your said report, you said among other folks that, “GEPA acquired a total of GHS32,949,957.57 from GHANA EXIM Lender as its 10% share of its share of the .75% Import Levy” and that GEPA was not provided with any proof these kinds of as transactions report or cash release guidance from the GHANA EXIM Lender or the Controller Basic of the Ghana Profits Authority” so how could monies transferred from the account of Ghana Exim Financial institution and duly receipted by Ghana Export Marketing Authority be classified as lacking monies and thus attract such a prominent front-website page banner headline?” the EXIM lender quizzed further.

Read the entire rejoinder by the Ghana Exim Financial institution on the said publication in the Herald newspaper down below.

RE: GHS 33 MILLION Missing AT GHANA EXIM Lender

The focus of the Management of GHANA EXIM Financial institution has been drawn to a entrance web site publication with the above banner headline in THE HERALD which also featured the picture of our Chief Govt Officer.

Administration deem the publication as malicious, mischievous and misleading and has no factual basis and it is only intended to deliver the tricky-won popularity of our Chief Executive Officer, Mr Lawrence Agyisam and the Lender into disrepute. And in perspective of the fallacious character of the reportage, we would like to rebut the material and established the records straight and hereby state the subsequent That

• No GHS 33 Million is or has been lacking from the accounts of the GHANA EXIM Lender concerning the said time period of the reported audit carried out at the Ghana Export Marketing Authority by the Auditor Basic Dept

•In your said report, you mentioned amongst some others that, “ GEPA received a overall of GHS32,949,957.57 from GHANA EXIM Lender as its 10% share of its share of the .75% Import Levy” and that GEPA was not provided with any proof these types of as transactions report or money release information from the GHANA EXIM Financial institution or the Controller General of the Ghana Earnings Authority” so how could monies transferred from the account of Ghana Exim Lender and duly receipted by Ghana Export Promotion Authority be classified as lacking monies and consequently appeal to this kind of a prominent front-web page banner headline?

• In check out of the clear interest that your paper appeared to have revealed in the Audit Report, and your subsequent wide publication of it, administration would have expected that these a liable media dwelling could have cross-checked with the Lender to verify the veracity or if not of the Report ahead of heading to the Press but however, this basic ethic of the journalistic occupation was not adhered to.

• The Financial institution has documentary proof of the mentioned transaction and is all set to post very same for authentication and verification by any State Regulatory Institution mandated to do so.

• As a statutory community institution, we strictly function and are guided by the tenets of the Public Money Administration Act 20016,(Act 921) and the Bank’s Finance and Accounting Manual which enjoins us to prudently defend and use of general public funds

• We want reiterate that the Lender operates an open-door plan with its cherished stakeholders, such as the media, and would want to use this medium to urge the common general public in particular the media, to constantly endeavour to request clarification(s) on any concern (s) relating to the operation of the Lender.

• For the data of the standard public, for each the Ghana Export –Import Bank Act 2016, Act (911), the Ministry of Finance is the supervisory Ministry of the Bank and not the Ministry of Trade and Marketplace as wrongly mentioned in the report.

• Currently being a responsible general public institution and in watch of the malicious and distorted reportage on the subject issue by your paper, we demand that you publish this rejoinder and give it the exact prominence as the most important story.

• We hope our suitable to rejoinder will be respected.





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