Contract prevents us from disclosing amount paid to Agya Koo, Shatta Wale – Exim Bank

Corporate Affairs Manager of Ghana Exim Bank, Richard Anane, has admitted the bank indeed made upfront payments to Shatta Wale and Agya Koo.

This payment to the entertainers was solely for the purposes of promoting ‘Made in Ghana’ goods.

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Mr Anane says he is, however, unable to stated exactly how much the bank paid the entertainers, though the GH¢2 million quoted for Shatta Wale and GH¢ 250,000 for Agya koo making rounds are false.

Speaking to Joy FM’s News Night programme, Mr. Anane explained that the contractual agreements reached with the artistes bar the bank from publicly disclosing the amounts paid to the artistes.

‘We are not misusing the banks funds…the amount that we are giving to these artistes is not that amount that is out of range. It is not!’ Mr Anane sated emphatically.

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He insists that the bank followed all due protocol and legal processes in giving the contract to the said individuals.

‘…We are a public institution. And we are answerable to public institutions. This case came about because an Honourable member alleged that we have paid an amount of GHC 2million to ambassadors.

And the bank is stating emphatically that we have not paid that amount to an ambassador…We are ready to be answerable,’ he stated.