Former Minister of Railways Development and New Patriotic Party Presidential aspirant for the New Patriotic Party (NPP), Hon. Joe Ghartey, emphatically denies having paid any money to AI Sky or authorizing the payment of US$2 million to fund the Accra Sky Train Project.
Contrary to the propaganda aimed at tarnishing his hard-won reputation, Hon. Ghartey, who has served Ghana with a high degree of integrity for several years, clarifies that the Auditor-General’s Report clearly indicates that it was the Ghana Infrastructure Investment Fund that acquired shares in the foreign company that approached the Ministry of Railways Development with an offer to develop an elevated metro tram system for Accra, envisaged to cost US$2.6 billion.
In an interview, Joe Ghartey stated that he made it clear from the beginning to the promoters of the Accra Sky Train Project that his Ministry did not have the budget for the proposed project.
However, he welcomed the project as a Build, Operate and Transfer (BOT) Project.
According to Hon. Ghartey, the Member of Parliament for Essikado-Ketan Constituency, the Ministry of Railways Development signed a Memorandum of Understanding in February 2018 and another Agreement with the promoters in November 2018.
In 2019, the Ministry signed a concession agreement with the promoters, subject to several conditions precedent, including approval by Cabinet, approval by Parliament, approval by the Ministry of Finance, and conduct of a Value for Money Audit, among others, that needed to be satisfied before the concession agreement took effect.
Joe Ghartey categorically denies having paid any money to AI Sky Train or authorizing any payment to it. He clarifies that the US$2 million transaction was between Ghana Infrastructure Investment Fund and the investors.
The Ghana Infrastructure Investment Fund was established to mobilize, manage, coordinate, and provide financial resources for investment in a diversified portfolio of infrastructure projects in Ghana.
It has invested over US$300 million in various infrastructure projects. Joe Ghartey clarifies that it is not an agency or statutory body under the Ministry of Railways Development.
He further explains that in the third quarter of 2019, the concession agreement was signed in South Africa, and the investors were supposed to come to Ghana with their technical team to complete the full feasibility and final bill of quantities in 2020.
However, due to COVID and lockdowns in both South Africa and Ghana, their program was disrupted while he was serving as Minister.
18/06/25 The Western Central Regional Police Command has arrested five suspects for armed robbery at…
Story by George Yawson Vineh The Africa University of Communications and Business (AUCB) in collaboration…
It must be very clear now that the Israeli intention is not to prevent Iran…
H.E. Ali Ghomshi, Ambassador of the Islamic Republic of Iran, Accra. In the Name of…
Source: Myjoyonline.com New Patriotic Party (NPP) stalwart Gabby Asare Otchere-Darko has described President John Mahama…
Minister for Education, Haruna Iddrisu, has expressed deep concern over the deteriorating state of basic…
View Comments
Helpful information. Fortunate me I discovered your website
by accident, and I'm surprised why this accident did not took place in advance!
I bookmarked it.
After exploring a number of the blog articles on your blog, I seriously like your way of writing a blog.
I saved it to my bookmark website list and will be checking back in the near future.
Take a look at my web site as well and let me know what you think.
This paragraph will help the internet viewers for setting
up new blog or even a weblog from start to
end.
It's going to be ending of mine day, but before ending
I am reading this wonderful post to increase my experience.
I'd like to thank you for the efforts you've
put in penning this website. I am hoping to see the same high-grade blog posts from you in the future as well.
In fact, your creative writing abilities has encouraged me
to get my very own website now ;)
Helpful information. Lucky me I found your site unintentionally, and I am stunned why
this twist of fate didn't came about earlier!
I bookmarked it.
Simply want to say your article is as amazing. The clearness
to your post is just spectacular and that i could suppose you're knowledgeable in this subject.
Fine along with your permission allow me to snatch your RSS feed
to stay up to date with forthcoming post.
Thank you 1,000,000 and please continue the gratifying work.
Hello! Do you use Twitter? I'd like to follow you
if that would be ok. I'm definitely enjoying your blog and look forward to new posts.
I loved as much as you will receive carried out right here.
The sketch is attractive, your authored subject matter stylish.
nonetheless, you command get got an impatience over that
you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.
I have learn a few excellent stuff here. Definitely price bookmarking for revisiting.
I wonder how a lot effort you set to make this kind of great informative site.