By Enoch 
Samuel Okudzeto Ablakwa, Member of Parliament for North Tongu, has raised serious concerns about a controversial contract approval by the Agricultural Development Bank (ADB). In a recent Facebook post, Ablakwa exposed what he described as a “reckless and unpatriotic” decision by the ADB board to approve an electronic servicing agreement worth $750,000 (approximately GHS12 million) with Virtual Security Africa.
Details of the Dubious Contract
According to Ablakwa, the contract was approved just three days ago, despite ongoing negotiations and the agreement still being in draft form. He alleged that the ADB is under intense political pressure to make full payment by December 27, 2024, even though the deal has not undergone standard auditing procedures. This rushed approval has raised eyebrows within the bank, with top insiders expressing their shock and dismay at the board’s decision.
Political Pressure and Unpatriotic Behavior
Ablakwa’s revelations come amid a surge in last-minute contract approvals and rushed payments by government institutions ahead of the January 7, 2025, presidential inauguration. He criticized the outgoing Akufo-Addo/Bawumia administration for what he termed as “reckless and unpatriotic” behavior, highlighting the need for accountability and due diligence in public financial management.
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Public and Political Reactions
The public reaction to Ablakwa’s exposé has been one of outrage and demand for immediate investigations. Many Ghanaians have taken to social media to express their concerns and call for accountability from the officials involved. The revelations have also sparked discussions about the need for stricter oversight and transparency in government contracts, especially during transition periods.
Political Analysts’ Opinions
Political analysts have weighed in on the issue, emphasizing the importance of adhering to proper procurement processes. They argue that the rushed approval of contracts without thorough scrutiny undermines public trust and can lead to financial mismanagement. Analyst Kwesi Osei pointed out, “Such actions could set a dangerous precedent, where political pressure overrides due diligence and accountability.“
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Impact on ADB’s Reputation
The controversy has also raised questions about the ADB’s governance and internal controls. Financial experts have called for an independent audit to determine the extent of any potential irregularities. They stress that maintaining the integrity of financial institutions is crucial for the country’s economic stability.
ADB’s Response
In response to the allegations, the ADB has issued a statement defending its actions. The bank clarified that it operates within the confines of applicable regulations and that the board’s decision to approve the contract was in line with its mandate to ensure the continuous provision of critical services. The ADB assured the public of its commitment to professional and transparent operations, emphasizing that the contract renewal was necessary for the bank’s objectives.
Calls for Immediate Action
Following Ablakwa’s exposé, there have been calls from various civil society organizations and anti-corruption advocates for immediate action. They are urging the relevant authorities to investigate the contract approval process thoroughly and hold those responsible accountable. Transparency International Ghana issued a statement, saying, “It is imperative that we uphold the principles of transparency and accountability in all public financial dealings.“
Future Implications
The outcome of this controversy is likely to have lasting implications for how government contracts are handled, especially during transition periods. There is growing demand for stricter regulations and oversight mechanisms to prevent similar incidents in the future. Legal expert Nana Ama Serwaa commented, “This case could be a turning point in strengthening procurement laws and ensuring that public funds are safeguarded.”
Samuel Okudzeto Ablakwa’s exposé of the dubious contract approval at ADB has brought to light significant concerns about the management of public funds and the influence of political pressure on financial decisions. As the nation approaches a new administration, the call for transparency, accountability, and due diligence in public financial management has never been more critical. The outcome of this controversy will likely have lasting implications for the governance and oversight of public institutions in Ghana.