ADB saga IMANI denies bribery allegation by UNICOF

IMANI Ghana has denied allegations that it has been bribed by the management of the Agricultural Development Bank.

  • Published:
play Executive Director of IMANI Ghana, Franklin Cudjoe
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Policy Think Tank, IMANI Ghana has refuted allegations that it has been bribed by the management of the Agricultural Development Bank (ADB).

Workers of the bank claim IMANI is in support of plans by the bank to list on the Stock Market due to monies paid it last year. ADB is expected to offload about 100 million shares to the public to raise GH¢200 million.

The ADB, in November 2014, gave IMANI an amount of GHc20,000 for its 10th anniversary and Mr. Cudjoe suspects that might be one of the reasons why the Union of Industry, Commerce and Finance Workers (UNICOF) is levelling such an allegation.

Speaking to Starr News, President of IMANI Franklin Cudjoe said the allegation lacks merit. According to him, although they support the planned listing of the bank on the stock exchange, it has nothing to do with the financial support they received from the bank in the past.

“We are thankful though that the bank gave money in support of our tenth anniversary because we have seen people claim that the bank gave the money for us to do public relations for them.

“Anybody who knows us very well will know that we have spoken on several issues including, the sale of merchant bank; is that supposed to suggest that those who bought the bank gave us money to speak on those matters?” he wondered.

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