By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Hot Fm Ghana
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Audio Downloads
  • Videos
  • Hotfm TV
Reading: Govt Confirms Efforts To Get Airbus Compensation
  • Follow Us
Hot Fm GhanaHot Fm Ghana
Font ResizerAa
Search
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Audio Downloads
  • Videos
  • Hotfm TV
Follow US
© 2024 Hot FM Ghana. All Rights Reserved | Powered By: WeWrite Technologies.
Hot Fm Ghana > Politics > Govt Confirms Efforts To Get Airbus Compensation
Politics

Govt Confirms Efforts To Get Airbus Compensation

WeWrite Ghana
By WeWrite Ghana Published December 4, 2020
Share
SHARE

Government has confirmed that it has commenced efforts to get Ghana’s share of the airbus compensation repatriated to Ghana.

International courts fined Airbus, the International aeroplane manufacturer about $3.9 billion dollars in compensation for admitting it paid bribes to various international actors as part of its operations. Records available to Government of Ghana suggest about $30M dollars of the fine is a result of bribes paid to then government officials in Ghana.

Confirming this in Accra on Thursday 3rd December 3020, Information Minister Kojo Oppong Nkrumah said Government has, since June this year, been engaged with an international law firm with extensive experience in investigations and anti-corruption to see how they might best assist Ghana to repatriate its share of the fines.

Government’s approach is not without precedent. For example, in 2008 the United States, Switzerland, and Kazakhstan established an NGO, the BOTA Foundation, to manage the return of over US$100 million that had been paid in bribes to top Kazakh officials through US and Swiss bank accounts. This process allowed the repatriated funds to be used towards projects of top importance to the Kazakh government; ultimately benefiting the Kazakh people.

Again in Kyrgyzstan, the US repatriated stolen assets from the prior Kyrgyz regime of Kurmanbek Bakiyev and his son, Maxim, which had been identified in a New York insider-trading case and were collected and approved for repatriation. The Kyrgyz Republic agreed to use the funds to improve public access to healthcare and new water supply systems for rural populations.

Government expects that any share of the fines recovered to be used exclusively to enhance the capabilities of Ghana’s anti-corruption and law enforcement agencies.

He said Governemt is also collaborating with international investigative agencies on efforts to bring the persons behind the scandal to book.

Airbus, the European aircraft manufacturer, is alleged to have paid bribes in Ghana when it sold the three military aircraft.

The aerospace multinational admitted hiring the brother of a top elected Ghanaian official as its consultant for the pitch to sell the aircraft to the country.

Again, Airbus confessed to paying the said consultant through a third party when its Compliance Unit raised red flags about the close relationship between the consultant and the top elected official, who was a key decision-maker in the purchase of the military aircraft.

Former Special Prosecutor Martin Amidu fingered NDC Flagbearer John Mahama as being identified as the Ghanaian Official 1 who used his brother to receive the Ghana share of the bribes. He was however unable to complete his investigations before leaving office.

The Information minister also confirmed that international investigations also reveal that persons involved in the Ghanaian part of the scandal have recently been questioned with more expected to follow soon.

You Might Also Like

NIB invites NAPO for interrogation over tenure as Education Minister

Ato Forson tables bill to increase Energy Sector Levy under urgency

NEW TWIST! Wontumi’s whereabouts unknown after being taken away from hospital

Galamsey: EOCO arrests Chairman Wontumi after CID bail

NPP supporters mass up at Wontumi’s residence as NIB withdraws officers

Share This Article
Facebook Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a comment

Leave a Reply Cancel reply

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

More Popular from Foxiz

NewsTop stories

Covid-19: Heavy security at Accra Girls SHS as parents troop there to withdraw their wards [photos]

By WeWrite Ghana 2 Min Read

I’ll Encourage The Youth To Do Songs Like Stonebwoy’s ‘Putuu’ When Elected President -Akpaloo

By WeWrite Ghana
EntertainmentTop stories

[WATCH] Rapper V12 Origenator drops wild video for mega-hit single ‘Tonga’

By Reagan Mends 1 Min Read
- Advertisement -
Ad image
Entertainment

HOT VIDEO: Tiisha Reveals Her Type Of Guy After Claiming To Be Single

Zylofon Media’s newest and freshest female artist, Tiisha Bentil aka Tiisha has disclosed her type of…

By WeWrite Ghana
Entertainment

HOT VIDEO: Tiisha Reveals Her Type Of Guy After Claiming To Be Single

Zylofon Media’s newest and freshest female artist, Tiisha Bentil aka Tiisha has disclosed her type of…

By WeWrite Ghana
Entertainment

I’ll Encourage The Youth To Do Songs Like Stonebwoy’s ‘Putuu’ When Elected President -Akpaloo

  The Founder and leader of the Liberal Party of Ghana (LPG), Percival Kofi Akpaloo has…

By WeWrite Ghana
NewsTop stories

Covid-19: Heavy security at Accra Girls SHS as parents troop there to withdraw their wards [photos]

There is heavy security presence at the Accra Girls Senior High School (SHS) as some parents…

By WeWrite Ghana
EntertainmentNewsTop stories

Singer Afriyie Wutah ties the knot

Afriyie Wutah, a member of the defunct music duo, Wutah, is officially off the bachelor’s list…

By WeWrite Ghana
Hot Fm Ghana

Hot FM is a privately owned radio station in Accra, Ghana. Hot FM broadcasts both on 93.9 FM and online.

Top Stories

[WATCH] Rapper V12 Origenator drops wild video for mega-hit single ‘Tonga’
June 13, 2025
Ex-footballer Geremi Njitap divorces wife after DNA discovered twins were fathered by ex-husband
June 9, 2025
[LISTEN] Budding rapper V12 Origenator unleashes new banger ‘TONGA’
June 4, 2025

Politics

NIB invites NAPO for interrogation over tenure as Education Minister
June 4, 2025
Ato Forson tables bill to increase Energy Sector Levy under urgency
June 4, 2025
NEW TWIST! Wontumi’s whereabouts unknown after being taken away from hospital
May 28, 2025

Entertainment

[WATCH] Rapper V12 Origenator drops wild video for mega-hit single ‘Tonga’
June 13, 2025
[LISTEN] Budding rapper V12 Origenator unleashes new banger ‘TONGA’
June 4, 2025
[LISTEN] Gospel star Grace Dansowaa unveils heart-rending single “GYAE MA NO”
June 4, 2025

© 2025 Hot FM Ghana. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?