According to the Trade Ministry, the move to rope in the Destination Inspection
Companies, who were written to, to help raise a $197 million judgement debt to
Bankswitch is not a bribe but was done in good spirit.
He added, the intervention of the Ministry is solely to bid the Destination Inspection Companies (DICs) in facilitating an advanced payment of $35 million payment to the Bankswitch Company, since government didn’t have the financial muscle to pay upfront.
Speaking to Fiifi Banson on Anopa Kasapa on Kasapa 102.3FM Monday, Dr. Spio-Gabrah said government is ready to partner any company to defray its debts, and that this was one of several moves it will continue to take.
He said it was a matter of interest, and if any company is willing to assist the government pay the debt, through the proposed modules, its doors were opened.
He added that government only issued a proposed contract to the DICs in order to make sure that the company that assists the judgement debt payment is not economically disadvantaged but will recoup its investment over a five-year period.
The Ministry proposed an award of a contract of 0.35% FOB (free on board) values of all Ghana's imports over five years.
Spio-Garbrah’s office wrote to the DICs offering them contracts in exchange for $35million to defray government’s GHC 197 million judgment debt owed the I.T firm. The letter signed by Mr. Spio-Garbrah informed the DICs that “any of them who can advance the government of Ghana an amount of $35 million will be awarded a contract of 0.35% FOB on all Ghana’s imports for at least a period of five years to enable that company recover its investments.”
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