It is well known that the Akufo-Addo government has made an embarrassing U-Turn from the President’s outlandish promise to deliver a sky train in Accra by August 2020.
What they have refused to tell the Ghanaian people is that they handed out US$2million from the Ghana Infrastructure Investment Fund under shady circumstances to a Mauritius registered SPV known as Africa Investor Sky Train Consortium Holdings.
According to the Auditor General, Government of Ghana generously gave them the US$2million on 25 February, 2019 as premium for shares when the company didn’t have an “Aeromovel Technology” license, there was no feasibility studies, and when there was no cabinet and parliamentary approvals.
Now government is struggling to retrieve oura US$2million after the failed project.
Financial loss to the state spearheaded by President Akufo-Addo himself. Interesting days ahead.
