The Managing Editor of the Daily Searchlight, Kenneth Kuranchie has slammed John Dramani Mahama over his recent comments regarding the sale of Merchant Bank to Fortiz Equity Fund.
President Mahama last week issued an order to the authorities of Merchant Bank to set up a task-force to compel Engineers and Planners (E&P) to defray their debt to the bank.
During his encounter with senior journalists at the Flagstaff House, he admonished E&P to pay up its debt to the bank over a loan given to it by the bank. Some say, the loan is believed to have had a major effect on the bank's growth; hence leading the company to the verge of collapse.
Addressing the media, President Mahama also denied any inducement by him to intervene in the deal between his brother's company and Merchant Bank.
"Merchant Bank was in trouble and that Merchant Bank could collapse because of the debts that were owed to us. And so, as President and Vice President, the President called a meeting which I attended to discuss the distress in which Merchant Bank was.
“I sat in that meeting and I must say out of that meeting, no intervention was made to direct Merchant Bank to do anything. I can say that confidently; no intervention was made. At no time had I used executive power to try and influence Merchant Bank to do anything. After all, I became President in July. I could have influence SSNIT. I could have dismissed the Merchant Bank Board. I could have done things using executive power. I didn’t do that and so, I have not played any role that has conflict of interest…Engineers and Planners must pay their debt to Merchant as everybody else who owes Merchant Bank.”
But speaking on Oman FM, Ken Kuranchie asserted that the President's admission of his presence at a meeting with the two companies is an indictment on him (Mahama).
To him, "if they failed to arrive at a decision, that’s an indictment on the President; the then President and the sitting President…Finding it necessary to waste Presidential time and Vice Presidential time and you don’t come to any decision. And you don’t come to any decision and two years later, the bank is dying…
“What has gone down is deep and dirty.”
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