Loan controversy NPP not responsible for Prudential Bank loan debt - Ofori Atta

Mr. Ken Ofori Atta has indicated that the NPP is not liable for the GHc 1.5 million debt owed Prudential Bank.

  • Published:
Ken Ofori Atta play

Ken Ofori Atta

24/7 Live - Subscribe to the Pulse Newsletter!

A member of the 2012 elections Campaign Finance Team of the main opposition New Patriotic Party, Ken Ofori Atta, has admitted his office took an overdraft of 1.5 million cedis from local bank Prudential Bank, to finance the 2012 campaign.

Ken Ofori-Atta responding to a letter asking for the party to defray its debts, he said the “loan was guaranteed privately and the Party therefore is not directly liable for it.”

In a statement, he, however acknowledged there is an outstanding debt the party needs to clear but they are personally liable for the facility. Read more Prudential bank on the heels of NPP over campaign loan

Below is Ken Ofori Atta’s statement

Debt with Prudential Bank

It has come to my notice that a letter written to me and copied to the National Chairman, from the Prudential Bank about a transaction that took place during the 2012 election campaign is being circulated in sections of the media.

The letter titled ” Re: Repayment of Overdraft facility of GhC 1,500,000 Demand Notice” is requesting repayment of a facility that I as Chairman of the 2012 Presidential Campaign Finance Team contracted and Guaranteed for purposes of the elections in 2012. I am personally liable for any obligation that arises from this transaction and not in any way the New Patriotic Party.

The facility was taken to complement the resources we had raised to support the operations of our Polling Station Agents. The party leadership at the time was fully aware of it and grateful. The disbursement of these funds was supervised by, and transfers executed by the Campaign Manager.

This was to supplement the entire polling station operation on Election Day (D Day) including logistics, feeding and stipends. It must be noted that this amount was not the total amount spent on D Day operations.

I would urge the supporters of the NPP and the entire public to disregard the mischief that the leakage of this letter and those behind it seek to create.

Our party has always been proud to fund itself by contributions and sacrifices of its members. This loan was guaranteed privately and the Party therefore is not directly liable for it.

Signed

Ken Ofori-Atta

Download our mobile app today.

Android - Google Play Store

iPhone - Apple App Store

Recommended Articles

Recommended Videos




Top Articles

1 Fraud Alert Fake US Embassy in Ghana shut down after a decade of issuing...bullet
2 Redevelopment Mahama opens Kejetia market today [Photos]bullet
3 Election 2016 Ghana's presidential candidates make final push before...bullet
4 Election 2016 Fuel stations may come under attack on Dec 7 - COPEC...bullet
5 Election 2016 Weapons allegedly seized from an NDC sympathiserbullet
6 Chaos At Bus Stations NDC, NPP hijack buses at terminals as...bullet
7 GYEEDA scandal Mahama pretends to prosecute Abuga Pele - Amidubullet
8 His Excellency Top 10 John Mahama quotes that will shock youbullet
9 In Eastern Region NDC DCE robbed at gunpointbullet
10 16 Days of Activism WiLDAF march to end violence...bullet

Top Videos

1 Kwame Nkrumah Interchange Water leaks from hole in wall at new Kwame...bullet
2 Elections 2016 Nana Addo holds conference in Kumasi ahead of Dec 7...bullet
3 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
4 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
5 Obinim saga We had sex only once - Obinim victims confessbullet
6 Video Taxi driver terrified after an encounter with a ghostbullet
7 Video IEA Presidential Townhall 2016bullet
8 Video Florence Obinim defends husband Bishop Obinimbullet
9 Ghana's 1966 coup Kwesi Pratt Junior recalls the...bullet
10 News On The Go NDC manifesto ready - Asiedu Nketiabullet

News