Business in Ghana

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Secret Deal At PMC Exposed, Ben Kufuor To Cough Up $350K

Posted by Business in Ghana on April 4, 2009

The Committee of Enquiry, set up by the dissolved Board of Directors of the Precious Minerals Marketing Company (PMMC), has recommended sanctions against the Managing Director (MD), Mr. Peter Boachie, for entering into transactions without the Board’s approval. According to the report by the Committee, the MD advanced a loan facility of $550,000 to Sian Goldfields Limited (Sian), a company owned by Mr. Ben Kufuor, a cousin of ex-President Kufuor, who is a magnate with major holdings scattered all over the country.  The man, who lives in Takoradi and owns several properties, all in the Western Region, including substantial interests in AT&P and Primewood, never offered any of these as collateral for the loans, but managed to arrange for the Social Security and National and Insurance Trust (SSNIT) to take up significant interests in Primewood.

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3 Responses to “Secret Deal At PMC Exposed, Ben Kufuor To Cough Up $350K”

  1. WHY SHOULD (IN-LAW) HAVE TO INFLUENCE DECISION MAKING ON A GOVERNMENTAL LEVEL?THERE SHOULD BE A POLICY OF OUTRIGHT DISSMISAL OR TERMINATION OF EMPLOYMENT IF PEOPLE ALLOW THEIR PERSONAL RELATIONSHIP WITH OTHERS TO AFFECT CERTAIN DECISION MAKING ESPECIALLY WITH THE HIGH UP POSSITIONS.MR.BOACHIE,MR.KOTEY AND THE CHAIRMAN OF THE BOARD WHO SIDED WITH THE IN-LAW SHOULD BE TERMINATED OF THEIR EMPLOMENT.

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