Features
ECG ‘meter-fraud’: Govt must act quickly!!!
Wikipidia defines ‘fraud’ as wrongful or criminal deception intended to result in financial or personal gain.
The synonyms for ‘fraud’ include, swindling, scam, hanky-panky, shenanigans, crookedness, embezzlement, deceit, monkey-business and rip-off.
The Economic and Organised Crime Office (EOCO) is said to have forwarded a case docket involving an alleged $36 million procurement fraud of electric meters, to the office of the Attorney-General for prosecution.
The $36 million procurement fraud is reported to have taken place in the Republic of Ghana in 2016.
The submission of the case docket to the office of the Attorney-General follows the conclusion of over four good years of investigations into ‘the fraudulent matter’ by the EOCO and the National Security.
Many concerned Ghanaians and institutions have questioned the long delay in the investigations and prosecution of officials involved in the ‘procurement fraud’.
The fraud was alleged to have ‘germinated’ in September 2016 when L&R Investments and Trading Company, which is incorporated in China, entered into a contract with the Government of Ghana, to supply electric meters to the Electricity Company of Ghana. Reportedly, the contract was to be executed within a period of 26 weeks, and an advanced payment of $12 million was made to L&R Investments plus a Letter of Credit for $24 million.
The 2020 Auditor-General’s Report on state-owned institutions, however, revealed that the meters, which were procured at a huge cost to the state, were abandoned by the Electricity Company of Ghana (ECG) because they were not manufactured to meet the required specifications.
A brief background of the fraudulent deal dates back to September 2016, when the then Ministry of Power wrote to the Managing Director of the ECG , alerting him of a-$40-million financing, secured by the Government of Ghana for the procurement of electric meters.
Reportedly, the letter named Messrs L&R Investments, whose local representatives are Messrs First Grace Limited, to be given the contract to supply the meters.
The ECG management, upon the receipt of the letter from the Ministry of Power engaged Messrs L&R Investments and their local Ghanaian representatives. After ECG had evaluated the proposals from L&R Investments, a pre-contract meeting was said to have been held in October 2016 between the technical team of ECG and the Managing Director of L&R Investments Company. Reportedly, at that meeting, the scope of supply; technical classifications; due diligence; pilot studies; factory acceptance tests and training of ECG metering staff were agreed upon.
Indeed, the two key conditions before the supply of the meters after signing the contract were; the pilot studies to assess the meters for two months and the factory acceptance tests. Sources, however, say :”The 200 electric meters that were to be provided as samples for the pilot studies were not taken to the ECG and the agreed travel of three representatives from ECG to undertake the factory acceptance tests in China before manufacturing of the said meters , did not take place.”
The Executive Director of the Institute for Energy Policies and Research (INSTEPR), Mr Kwadwo Poku, insists that; “without any of these conditions being met, the management of ECG was sent shipping documents for containers of meters at the Tema Port.” Expectedly, the ECG management notified L&R Investments that they could not accept the meters because the processes agreed upon per the contract had not been followed.
Disturbingly, the meters in the containers were not the specifications as per the supply contract, when the containers were cleared at the Tema Port. According to the Executive Director of INSTEPR, the contract was terminated in 2017 after legal consultations but strangely, the company was able to discount the $24 million Letters of Credit given to them under the contract. “We have sighted documents that state that on the 16th of August 2017, at a time when Capital Bank had ceased to be a bank under the laws of Ghana; Capital Bank discounted the Letters of Credit and made a payment of $22.5 million to L&R Investments”, the Executive Director of INSTEPR, has said.
For instance, Mr. Kwadwo Poku is asking the following relevant questions: “Why has it taken four years for the state security agencies in investigating this transaction? “Who are the people behind L&R Investments and Trading Company in Ghana? “The initial $12 million was paid to First Grace Limited, their local representatives in Ghana.
Who are the people behind the Ghanaian company? “Why is the management of Capital Bank not being prosecuted for the illegal discounting of the Letters of Credit?” Readers, the initial investigation into the fraudulent electric meter-deal was reportedly carried out by Kroll and Associates; a corporate investigations and risk consulting firm contracted by the government to investigate various transactions under former President Mahama’s administration.
Readers, remember? How Mr Yao Domelovo, the immediate past Auditor-General was angered by the audits of Kroll and Associates, sanctioned by the then Senior Minister, Mr Yaw Osafo Maafo ? The $36 million fraudulent deal was among other deals uncovered by Kroll and Associates.
A lot of well-meaning Ghanaians, however, hold the view that our government has been ‘very slow’ in taking action about this very disturbing fraudulent act. And this column challenges the government to quickly do the needful!!! Contact email/ WhatsApp of author: asmahfrankg@gmail.com (0505556179)
By G. Frank Asmah
I experienced something on Monday, June 15, that really frustrated me. I had to go to the ministries but I could not get up early that day so I decided to pick a taxi and get to the Tuba Junction.
When I got there I realised that Traffic had built up from the Toll Booth towards Accra. After a while I got a Taxi and it was when we got to a certain spot on the road, that I realised why there was a traffic jam.
There is a short stretch of the road where each time it rains heavily, loose material run down the hill onto the road, blocking one side of the road. Vehicles from Kasoa to Accra are then forced to move into one of the lanes of those going towards Kasoa from Accra.
The two lane road from Accra to Kasoa becomes a single carriage way. That was the reason for the traffic jam from the toll booth onwards.
This has been a perineal problem and yet, no permanent solution has been found till date. The area falls under Ga South and even though, a new MCE has taken over, the technocrats are still there and so the problem is not new to them.
There is therefore no excuse for the inability of the Ga South Metropolitan Assembly to resolving the problem on that stretch of the road. Apart from the Ga South Metropolitan Assembly, another institution that must be held accountable is the Ghana Highways Authority.
The Highways Authority cannot say they are unaware of this issue. The fact that the problem falls within the area of responsibility of the Ga South Assembly, does not relieve the Ghana Highways Authority, of their responsibility of ensuring that our highways are maintained in a motorable state at all times.
A collaboration between the Ghana Highways Authority and The Ga South Municipal Assembly is required for a permanent resolution of the problem.
There was another traffic jam at a place called Atala about 250 metres to the traffic light at Old Barrier as a result of an issue similar to the one close to the toll booth, that I talked about earlier.
When we got to Weija junction, we encountered another traffic jam. The cause of this jam was a bad condition of road about 80 metres from the traffic light at Ga South Hospital heading towards Accra.
Due to the bad nature at that section of the road, vehicles are compelled to slow down resulting in a traffic jam stretching all the way to Weija Junction.
I started wondering if that short stretch of road cannot be sorted on one Sunday when traffic is usually light. When we got to the traffic light at Odorkor, there was another issue.
When the traffic light shows green, there is a slow down because there is a big pothole or should I say manhole in the outer lane, right at the traffic light. Vehicles in the outer lane are compelled to swerve into the second lane thereby causing a traffic to slow down and resulting in a traffic jam.
It is very important to take into account the effect of traffic jam on the national economy. If we are able to assess the value of the loss to the economy of the nation, I believe the issue of traffic jam will be prioritised.
Imagine persons working at various Government Organisations like Registrar General’s Department, Ghana Ports and Habours Authority, Ghana Revenue Authority, CEPS etc. and lives at Kasoa and whose job is to collect revenue for the state and is held up in traffic.
Just imagine the effect their lateness to work will have on the economy if you consider the delays in say clearing of goods at the port and as a result traders cannot sell their goods for government to generate the required taxes.
Let us deal with the traffic jams on our streets to promote economic growth. God bless.
By Laud Kissi-Mensah
Mortality is an inherent aspect of life, a universal experience that has sparked philosophical, theological, and scientific inquiry throughout human history.
This article aims to provide a comprehensive and nuanced exploration of mortality, acknowledging the complexity of the topic and the diverse perspectives surrounding it.
The biological imperative
From a biological standpoint, death is a natural part of the life cycle. It serves as a mechanism for the evolution of species, allowing for the passing on of genetic material and the adaptation to environmental changes.
Evolutionary perspective: Death allows for the recycling of resources, promoting the survival and adaptation of species.
Life span and senescence: Cellular aging and the limitations of biological systems contribute to mortality.
Philosophical and existential perspectives
Existentialism: Emphasises individual freedom and responsibility in the face of mortality.
Meaning and purpose: The finite nature of life can prompt individuals to seek meaning and purpose.
The human condition: Mortality is a fundamental aspect of the human experience, shaping our perceptions and values.
Cultural and spiritual views
Afterlife and spirituality: Many cultures and religions believe in an afterlife or spiritual continuation.
Rituals and mourning: Cultural practices surrounding death reflect the significance of mortality in human experience.
Legacy and remembrance: The impact of one’s life can transcend mortality.
Ethical considerations
End-of-life care: Ethical debates surround issues like euthanasia, assisted dying, and palliative care.
Quality of life: Balancing the value of life with the quality of life is a complex ethical issue.
Resource allocation: Societal decisions about healthcare and resource distribution involve considerations of mortality.
Psychological impact
Grief and loss: The experience of mortality can evoke profound emotional responses.
Fear and anxiety: The awareness of mortality can lead to existential anxiety.
Appreciation and gratitude: Recognising mortality can foster appreciation for life.
Conclusion
Mortality is a multifaceted aspect of human existence, influencing how we live, relate, and find meaning. Understanding and acknowledging mortality can prompt deeper reflections on life and our place in the world.
By Robert Ekow Grimmond-Thompson
News1 week agoNFS, AACMA raise GH¢300K for new fire tender
- News6 days ago
FSD Africa, others launch Green Project Preparation Facility to unlock investment in climate infrastructure in Ghana
- News6 days ago
Merck Foundation holds 13th Africa Asia Luminary with 12 First Ladies to advance healthcare capacity across Africa and Asia
