We haven’t lost any money-Ghana Exim Bank refutes  missing GH¢33 million story

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The management of Ghana Exim Bank has refuted a story published in The Herald newspaper alleging that an amount of GH¢33 million had gone missing at the bank.

The bank in a rebuttal described the publication as misleading, malicious, mischievous and one which lacks any factual basis.

A statement issued by the management of the bank read in part that ‘’Management deem the publication as malicious, mischievous and misleading and has no factual basis and it is only intended to bring the hard won reputation of our Chief Executive Officer, Mr Lawrence Agyisam and the Bank into disrepute”.

Read the full rejoinder issued by the bank below:



The attention of the Management of GHANA EXIM BANK has been drawn to a front page publication with the above banner headline in THE HERALD which also featured the picture of our Chief Executive Officer.

Management deem the publication as malicious, mischievous and misleading and has no factual basis and it is only intended to bring the hard won reputation of our Chief Executive Officer, Mr Lawrence Agyisam and the Bank into disrepute.

And in view of the fallacious nature of the reportage, we wish to rebut the content and set the records straight and hereby state the following;


  • No GHS 33 Million is or has been missing from the accounts of the GHANA EXIM BANK between the stated period of the said audit carried out at the Ghana Export Promotion Authority by the Auditor General Dept;
  • In your said report, you stated amongst others that, ” GEPA received a total of GHS32,949,957.57 from GHANA EXIM BANK as its 10% share of its share of the 0.75% Import Levy” and that GEPA was not provided with any evidence such as transactions report or funds release advise from the GHANA EXIM BANK or the Controller General of the Ghana Revenue Authority”; so how could monies transferred from the account of Ghana Exim Bank and duly receipted by Ghana Export Promotion Authority be classified as missing monies and therefore attract such a prominent front page banner headline?
  • In view of the obvious interest that your paper seemed to have shown in the Audit Report, and your subsequent wide publication of it, management would have expected that such a responsible media house could have cross-checked with the Bank to verify the veracity or otherwise of the Report before going to the Press but unfortunately, this basic ethic of the journalistic profession was not adhered to.
  • The Bank has documentary evidence of the said transaction and is ready to submit same for authentication and verification by any State Regulatory Institution mandated to do so.
  • As a statutory public institution, we strictly operate and are guided by the tenets of the Public Financial Management Act 20016, (Act 921) and the Bank’s Finance and Accounting Manual which enjoins us to prudently protect and use of public funds;
  • We want to reiterate that the Bank operates an open-door policy with its cherished stakeholders, including the media, and would want to use this medium to urge the general public especially the media, to always endeavour to seek clarification(s) on any issue (s) concerning the operation of the Bank.
  • For the information of the general public, per the Ghana Export -Import Bank Act 2016, Act (911), the Ministry of Finance is the supervisory Ministry of the Bank and not the Ministry of Trade and Industry as wrongly stated in the report.
  • Being a responsible public institution and in view of the malicious and distorted reportage on the subject matter by your paper, we demand that you publish this rejoinder and give it the same prominence as the main story.
  • We hope our right to rejoinder will be respected.


Source: BestNewsGH.com



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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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