Ambulance case: Letters requesting LC had Seth Terkper stamp

Richard Jakpa, a businessman and third defendant in the trial involving Dr. Cassiel Ato Forson, former Deputy Minister of Finance, has testified that the letters of credit in question bore the seal of then Minister of Finance, Seth Terkper.

He further explained that this authentication seal was crucial and its presence legitimized the letters of credit.

He further explained that this authentication seal was crucial and its presence legitimized the letters of credit.

Mr Jakpa noted that the Bank of Ghana only opened the letters of credit after receiving authorization from the then Deputy Comptroller and Accountant General.

During his testimony, Mr. Jakpa highlighted the procedural importance of the authentication seal, stating that it was an essential step in the process.

This seal, he reiterated, validated the letters of credit and ensured their effectiveness.

Mr Jakpa’s remarks were aimed at clarifying the chain of authorization and the role of the seal of the Minister of Finance in the issuance and opening of letters of credit by the Bank of Ghana.

“It is after the documents marked pages 2 and 3 of Exhibit AK that the former Minister of Finance (Hon. Seth Terkper) wrote to Big Sea assuring and informing him that he was in the process of finalizing the establishment of the Letter of Credit. . Subsequently, the Bank of Ghana (BOG) was requested to open the LC with the authentication seal of the Minister of Finance.”

“This is confirmed by exhibit A. Subsequently, the Deputy Comptroller and Accountant General finally authorized the BOG to establish the LC by exhibit B,” an excerpt from his witness statement read.

The businessman also stated that none of the defendants participated in causing financial losses to the State.

He explained that the State accepted possession of the ambulances without the intention of terminating the contract.

Furthermore, Jakpa noted that the government had fulfilled its commitment by making the necessary payment for the ambulances.

He highlighted that all necessary accessories were delivered in accordance with the contract specifications.

He therefore refuted any allegation of deliberate or malicious intent to cause financial loss to the State by the accused.

“It is clear from the details of the crime with which I am accused that the government itself has admitted that the ambulances were supplied to Ghana. What I want to say here is that since it is admitted that the ambulances were indeed supplied to the government of Ghana, it cannot honestly be said that the government suffered financial losses when the government: accepted or took possession of the ambulances and did not indicate any intention . any type of termination of the contract.”

“The government was truly committed to fulfilling the contract by paying for the ambulances, as confirmed in the negotiated addendum to the contract,” their statement added.

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