• Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion
Wednesday, 25 June, 2025
  • Login
Top Radio 103.1 FM
 
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Education
  • Technology
  • Foreign
No Result
View All Result
Top Radio 103.1 FM
No Result
View All Result
Home News

I authorized Ato Forson to request establishment of LCs – Terkper tells court

Philip Akonor by Philip Akonor
October 20, 2023
in News
A A
0
I authorized Ato Forson to request establishment of LCs – Terkper tells court
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

Former Finance Minister Seth Terkper has told an Economic and Financial Court in Accra that he fully authorized his then Deputy, Dr Cassiel Ato Forson, to write to the Bank of Ghana, requesting for Letters of Credit to be set up in favour of Big Sea General Trading Ltd of Dubai, for the supply of 30 ambulances.

Mr Terkper, who testified as the star witness for the Defense in a case brought against Minority Leader Dr. Cassiel Ato Forson and two others, told the Court that the authorization for the accused to request for the establishment of the Letters of Credit (LCs) was given at a special management meeting he chaired at the Finance Ministry.

He said he gave the directive following the receipt of a legal opinion from the Attorney General and the Ministry’s legal department to ensure the execution of a contract between the Government of Ghana and Big Sea for the supply of 200 ambulances to avert the payment of judgement debt if Big Sea sued the government due to lengthy delays and breaches of the contract.

He said claims by the current Attorney General that Dr. Ato Forson caused the LCs to be set up without due cause and authorization were untrue.

Minority Leader Dr Cassiel Ato Forson has been charged with two counts of willfully causing financial loss to the state by causing Letters of Credit to be established in favour of Big Sea for the supply of ambulances “without due cause and authorization”.

Mr Terkper elaborated further in his witness statement that he received an opinion from the Attorney General in 2014 which said that failure to execute the contract with Big Sea would result in judgement debt if the latter went to court over undue delays in the execution of the contract for the supply of the ambulances and breaches by the Government of Ghana.

Mr Terkper indicated that the AG’s opinion to him was emphatic that “all governmental approvals had been obtained” for the contract and that the opinion was binding on all government agencies engaged in the transaction.

He further said that the LCs in question were set up on “approval basis” which meant that the Ministry of Health had to indicate their approval of documentation from Big Sea proving the shipment of the ambulances and then proceed to authorize the Bank of Ghana to make payment under the LC if they were satisfied that Big Sea had met all conditions.

He said the establishment of the LC – which fell within the purview of the Finance Ministry – was distinct from payment which had to be approved by the Ministry of Health and wondered how the Ministry of Finance could be blamed for any defects in the ambulances when the responsibility for ascertaining their state and condition rested with the Ministry of Health.

In a story filed by Top news parliamentary correspondent Yesmeen Tetteh noted that,Dr. Cassiel Ato Forson, Dr. Sylvester Anemana, a former Chief Director of the Ministry of Health, and businessman Richard Jakpa are standing trial in connection with the importation of the 30 ambulances.

Related Posts

Winneba Junction Accident Claims Four Lives Including Three Schoolchildren

Winneba Junction Accident Claims Four Lives Including Three Schoolchildren

June 24, 2025
8
5 Armed Robbers Arrested For Raid On Mining Site

5 Armed Robbers Arrested For Raid On Mining Site

June 19, 2025
6
Source: topfmonline
Previous Post

Abossey Okai Spare Parts Dealers Association to Close Shops in Protest Against Tax Compliance Measures

Next Post

Patronize locally produced poultry products over imported ones – Agric Minister

Related Posts

Winneba Junction Accident Claims Four Lives Including Three Schoolchildren
News

Winneba Junction Accident Claims Four Lives Including Three Schoolchildren

June 24, 2025
8
5 Armed Robbers Arrested For Raid On Mining Site
News

5 Armed Robbers Arrested For Raid On Mining Site

June 19, 2025
6
Ex US President Jimmy Carter Passes On
Foreign

Ex US President Jimmy Carter Passes On

December 30, 2024
56
VIP Bus – Four Confirmed Dead
News

VIP Bus – Four Confirmed Dead

December 28, 2024
63
BoxingDay on the streets of Accra by Top Media Group
News

BoxingDay on the streets of Accra by Top Media Group

December 28, 2024
58
Toyota global production down for 10th month despite rising sales
News

Toyota global production down for 10th month despite rising sales

December 26, 2024 - Updated on December 28, 2024
58
Next Post
Patronize locally produced poultry products over imported ones – Agric Minister

Patronize locally produced poultry products over imported ones – Agric Minister

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

BROWSE BY TOPICS

2022 Budget AFCON Afghanistan akufo addo Amazon Apiate explosion apple AT&T Ato Forson Black Stars covid COVID-19 COVID 19 E-Levy facebook GFA Ghana Police Service Google Government GRA health Intel iphone LGBTQ Mahama Majority Microsoft Minority momo NDC NPP Nvidia OMICRON Parliament police Russia security Taliban tech Tesla US UTAG vaccine vaccines Xinjiang

Recent Posts

  • Winneba Junction Accident Claims Four Lives Including Three Schoolchildren
  • Don’t Force Ghanaian Musicians To Do Highlife – Maya Blu Tells Ghana Music Critics
  • Black Star Experience Begins In July
  • Amaarae: Ghana’s Global Star To Release Third Album Titled “Black Star”
  • Beeztrap KOTM Announces The Release Of New Album Titled “Power”

Recent Comments

No comments to show.

RECENT NEWS

  • Winneba Junction Accident Claims Four Lives Including Three Schoolchildren June 24, 2025
  • Don’t Force Ghanaian Musicians To Do Highlife – Maya Blu Tells Ghana Music Critics June 23, 2025
  • Black Star Experience Begins In July June 23, 2025
  • Amaarae: Ghana’s Global Star To Release Third Album Titled “Black Star” June 21, 2025

MAIN CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

Entertainment

Church Of Pentecost Commission 35 Bed AI Powered Hospital In Bolgatanga (Photos)
Health

Church Of Pentecost Commission 35 Bed AI Powered Hospital In Bolgatanga (Photos)

5 days ago
5
  • ABOUT US
  • CONTACT
  • ADVERTISE

© 2025 Top Media Group - Powered by BackUP Data Systems

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion

© 2025 Top Media Group - Powered by BackUP Data Systems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In