Woyome settles ¢4.6m of ¢51m debt

Woyome settles ¢4.6m of ¢51m debt

- The Controller and Accountant General says Alfred Agbsei Woyome has paid ¢4.6 million out of the ¢51 million

- Alfred Woyome was paid ¢51 million for helping Ghana raise funds to construct stadia for purposes of hosting the CAN 2008 Nations Cup

Embattled businessman Alfred Agbsei Woyome has moved to pay ¢4.6 million of the debt he owes the State.

This was revealed by the Controller and Accountant General, Eugene Ofosuhene, whiles speaking at Parliament’s Public Accounts Committee sitting.

Mr. Woyome was paid ¢51 million for helping Ghana raise funds to construct stadia for purposes of hosting the CAN 2008 Nations Cup.

Woyome settles ¢4.6m of ¢51m debt

Alfred Woyome settles ¢4.6m of ¢51m debt. Source: Supplied

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However, the payment was later declared as unmerited and illegal by an Auditor General's report released in 2010.

The then NPP government subsequently abrogated the contract, with the explanation that Mr. Woyome did no work to be paid that whopping sum of money.

But the businessman took the matter to court and demanded a judgment debt well over 2 million cedis after claiming his contract was illegally terminated.

The matter has since been in and out of court, with Mr. Woyome being asked refund the 51 million cedis to the state following a review application by former Attorney-General, Martin Amidu.

This led to some Members of Parliament (MPs) requesting to know the progress made so far in the collection of the ¢51.2 million debt that Mr. Woyome owes the State.

But speaking to Parliament’s Public Accounts Committee, the Controller and Accountant General said the businessman has paid ¢4.6 million of the debt.

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...we have a letter from the Auditor General’s office to support the payment. Paragraph 4 of the letter dated March 8, 2018, states ‘kindly find below a computation of payments made by Mr Woyome based on the terms of settlement and the proceeds from the garnisheed’.

“Monies collected or recovered from the garnisheed order ¢167,565.62 and monies paid as a result of settlement is ¢4.5 million so the two sum up to the ¢4.667.566.62 million,” Mr. Ofosuhene told the committee.

He added that a court’s ruling on the issue came with specific settlement terms and his office will contact the Attorney General’s office for details and pursue it.

The latest payment made by Mr. Woyome means he now owes the state ¢46.6 million.

YEN earlier reported that Dr. Otabil has broken his silence for the first time on his involvement in the collapse of the Capital Bank.

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Source: Yen.com.gh

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