Ablakwa exposes $750K controversy at ADB, alleges rushed payments and lack of oversight

Samuel Okudzeto Ablakwa, the Member of Parliament for North Tongu, has called out officials in the outgoing Akufo-Addo/Bawumia administration for what he describes as reckless financial decisions in the final days of the government’s tenure.

Ablakwa’s allegations centre around a recent $750,000 contract approved by the Agricultural Development Bank (ADB), which he claims is part of a broader pattern of rushed contract approvals ahead of the upcoming government transition in January 2025.

In a post shared on his Facebook page on December 26, Ablakwa pointed to a contentious deal involving Virtual Security Africa, a company awarded the electronic servicing contract despite key negotiations still being unresolved.

According to the MP, the agreement was granted even though it remained in draft form, with no finalised terms or proper due diligence.

Ablakwa claims that ADB insiders are deeply concerned about the decision, with many shocked at the board’s approval of the contract, which he argues was rushed through without the usual scrutiny or auditing. He further alleges that ADB officials are being pressured to make the full payment of approximately GHS12 million by December 27, 2024, a deadline that he views as artificially imposed in the final days of the current administration.

“These last-minute contracts are part of a larger pattern of exploiting state resources during a critical period,” Ablakwa wrote. “The board’s decision undermines the transparency and accountability expected in financial dealings, especially in the lead-up to a new government.”

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