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Ghana gave $10 billion to a Korean company to build 200,000 affordable houses.
Guess what. Yeah, you guessed right. Nothing was built.
This is because the Ghanaian partner, B.K. Asamoah, secretly filed paperwork to dilute the Koreansโ ownership in the company. The Koreans found out from the newspaper.
Ghana then issued a $1.5 billion sovereign guarantee. This was supposed to help STX Korea borrow money from Korean banks to fund the houses.
Instead the guarantee was handed to Asamoah, who flew around the world (UK, Switzerland, USA, Mexico, Nigeria) trying to use it to raise the money himself.
The Koreans only found out from the newspaper.
Both partners then tried to fire each other in the same week.
Zero houses were ever built. $300 million in fees and advances allegedly lost.
Then came Saglemi in 2012. Mahama approved $200 million for 5,000 houses.
The houses were supposed to cost $29,000 each. Ghana spent $293,000 per house. None were sold.
The Attorney General charged Collins Dauda and four others in 2021 for $200 million financial loss.
Earlier this year, the new Attorney General quietly withdrew the case.
200,000+ houses promised. Less than 700 delivered.
Nobody is in jail. Nobody paid back a cedi.
Rent is killing the average Ghanaian.
Jesus Christ. ๐๐ญ
The dramatic moment a congregant of the Methodist Church Ghana, confronted a pastor over some church directives including the non-support of members who do not pay tithe, calling him and leadership of the church thieves.
[๐ฅ: copyplus_tv]
@TRobinsonNewEra Come to Ghana...we dine together like brothers and sisters. Nothing changes, no hatred among Christian and Muslim communities. Let me remind you, most of my friends are Muslims, I have more Muslims in my school than Christians. But we are living as one. So why the HATRED? HUH.
@salim_ango@kwesiprattjr That's great submission..But in asymmetric warfare. U can weaponize what u ctrl or have to incur more losses to ur opponent. If u cripple world economic like what Iran is doing with SOH. The global citizens will fight their leaders to bring the conflict to a halt. The End Game.