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AGAMS Group refunds ¢14m to the state

Source: Ghana|Joy News

Joy News can independently confirm that the AGAMS Group of Companies has refunded the first installment of GH¢14,498,198.33 to the state.

The payment is in respect of interest-free loans the various companies under AGAMS Group took from the Ghana Youth Employment and Entrepreneurial Development Agency (GYEEDA).

Three subsidiaries of the AGAMS Companies, CraftPro Limited, rLG Communications Limited and Asongtaba Cottate Industry and Exchange Programme were last year ordered to refund a total of GH¢ GH¢55.5 million to the state.

This was contained in the Ministerial Committee report on GYEEDA after Joy News investigations revealed massive corruption in GYEEDA.

It emerged this week that the three companies have paid the first installment of the money.

Joy News’ independent checks have revealed that the companies paid with Access Bank cheques dated March 31, 2014.

Craftpro Limited paid GH¢ 1,934,627.91 with cheque no. 000046, while rLG Communications paid GH¢1, 849,989.18 with cheque number 001466. Asongtaba Cottage Industry and Exchange Programme paid GH¢10, 713,581.33 with cheque number 000474.

A total of GH¢14,498,198.33 was paid into the Economic and Organised Crime Office’s account with the bank of Ghana and cleared on April 24, 2014.

Joy News sources say the amount represents the AGAMS Group’s commitment for the first quarter of the year.

It will pay the rest of the money quarterly for the rest of the year.

Joy News has not yet been able to find out whether the Jospong Group of Companies, which was also cited in the GYEEDA report, have made any payments.

The Better Ghana Management Service and Zoomlion Ghana Limited, are the two subsidiaries of the Jospong Group of companies expected to refund money to the state, according to the report.

GYEEDA paid Better Ghana Management Service Limited an amount of GH¢58.1 million to train beneficiaries but it failed to provide the service. The company also overcharged GYEEDA by about GH¢9 million for the provision of bicycles for beneficiaries of GYEEDA’s Community Education Teaching Assistants programme.

In all, Better Ghana Management Service was expected to refund GH¢67.1 million to government.

Zoomlion Ghana Limited was said to have overcharged the state for tricycle and motorbike to the tune of GH¢74.2 million.

In all, the Jospong Group was asked to pay back GH¢ 141million to the state.