Ministerial Vetting NPP 'controversial' debt to Prudential Bank fully paid - Ken Ofori-Atta

The bank in 2015 wrote to the NPP to demand repayment of the amount which the party had secured as a loan to fund its 2012 campaign but after three years had not paid.

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Minister-designate for Finance, Kenneth Nana Yaw Ofori-Atta, has indicated that the controversial GHC2 million debt owed Prudential Bank Limited by the New Patriotic Party has been settled.

The bank in 2015 wrote to the NPP to demand repayment of the amount which the party had secured as a loan to fund its 2012 campaign but after three years had not paid.

play The Prudential Bank letter addressed to Mr Ofori-Atta in 2015

 

The leak of the bank’s letter sparked controversy in the country, but Mr Ofori-Atta who was the chairman of the 2012 campaign finance team issued a statement at the time to take responsibility.

He said the loan was a private business transaction he did with the bank and hence the NPP had no part to play in the application of the loan.

“I am personally liable for any obligation that arises from this transaction and not in any way the New Patriotic Party,” he said in the statement.

But appearing before the Parliamentary Appointment Committee on Friday, Mr Ofori Atta said the money has been paid to the bank.

“I have put closure to the prudential debt so that is closed. I have a letter at home with regards to that.

“It has been fully paid. It was in December,” he said.

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