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Govt Accounted For Only $42m of $200m GARID Loan: Kofi Adams

Kofi Adams, the Buem member of parliament, said that of the $200 million loan obtained to carry out the Greater Accra Resilient and Integrated Development Project (GARID), the government could only account for $42 million.

In elucidating the rationale behind the Minority’s Friday, May 17, departure from Parliament, the former National Democratic Congress (NDC) National Organizer stated that the Caucus was opposed to participating in the approval process for an additional $150 million intended for the GARID project.

Additionally, according to Kofi Adams on Citi TV, some contractors received payment for work that was never completed and in other cases, only 18–20% of the work was completed.

He stated:

“We thought you had taken $200 million but nothing has come out of it and you took a portion of it, claiming that per the arrangements that you had with the World Bank, you could use some part of that facility to support COVID-19 and COVID-19 funds too, you have not accounted for them.

“We don’t even know how the $65 million of the original GARID funding of $200 million was spent, whether it was spent properly or not. For the remaining $135 million, they could only account for about $42 million and so the rest of the money is unaccounted for.”

“Contractors who have been given mobilisation—some, $2 million—you call them, and they say they don’t even know the site but took the money. The government gave them the money. Others who took the money also did some 18 percent or 20 percent of the work. Three out of the nine contractors have done lower percentages, and no proper work has been done as far as the $200 million is concerned, and then you are asking for more.”

Read Also: Ghana Secures $200M for SME Expansion

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