Prudential bank on the heels of NPP over campaign loan

Officials of Prudential Bank are on the heels of the opposition New Patriotic Party (NPP) to repay an overdraft facility of Gh¢1.5 million during the 2012 general elections.

According to an official bank notice, the main opposition party in Ghana has refused to make arrangement to repay the loan which has accrued to Gh¢2,290,631.36 due to interest.

The refusal of the beleaguered national chairman Paul Afoko and general secretary Kwabena Agyepong to use the filing fees of NPP parliamentary aspirants to defray a GHc 2,290,361 debt owed Prudential bank as the bank is "reminding the party to settle the payment.

Pulse.com.gh intercepted a copy of the letter Prudential Bank wrote to the NPP "reminding the party of the debt owed and the need to defray it.

The letter was addressed to The Chairman /Director, NPP Election 2012 Fundraising Committee, Margo Avenue, Asylum Down Accra and is referred directly to Messrs Ken Ofori-Atta and Keli Gadzekpo. The letter .seems to back the allegations that a forex account was opened by the party in the run-up to the 2012 elections with signatories, strangely, being non-executive member of the NPP.

The letter from Prudential Bank to the NPP reads;

It was signed by H.T Ayernor, Director, Credit Administration Division of the Bank and Osei Yaw Osafo, Chief Legal Officer, Loan Recovery Unit of the bank and copied to the Chairman of the NPP.

Paul Afoko and Kwabena Agyepong, on receipt of the letter are reported to have asked the banks to deal with the signatories of the account since the signatories are not members of the National Executive Council of the party.

They also refused to use the filing fees of parliament aspirants to defray the debt as order by the leader of the party, Akufo Addo.