Ken Ofori-Atta’s Private Company Hatching GHC52 Million Deal At ECG?

Finance Minister, Ken Ofori-Atta Finance Minister, Ken Ofori-Atta

Information filtering in from the Electricity Company of Ghana (ECG) claims that, the company is carrying out a compulsory premium medical insurance cover for all staff at a whopping GHC52 million cost to the state-owned institution in a transaction heavily ridden with suspicion.

The Herald's information is that, the management of the ECG, has been in discussion over an insurance policy with a private insurance company, Acacia Medical Insurance Company owned by one Krobo Edusei junior and some others, but about to be bought by Finance Minister Ken Ofori-Atta.

The invoice on the insurance policy bearing the GHC52 million, according to insiders has been sent by the management of Acacia Medical Insurance to ECG for quick payment, while preparation are underway to storm every ECG facility to register EGC workers in the coming days.

The situation is creating tension at the company, as many feel it is another backdoor deal by the elements behind the botched the PDS deal to once again profit from the state company.

The workers were also said to be of the view that an arrangement could have been made with the National Health Insurance Authority (NHIA) to have a special insurance package that serves the same purpose as the arrangement being make with the Acacia Medical Insurance Company.

This way, they argued could get the money stay within the public sector, rather than going to a private company, which will soon be owned by the Finance Minister.

Additionally, the ECG staff are not clear, how long this arrangement is going to last.

But The Herald is meanwhile, informed that Enterprise Insurance owned by Ken Ofori-Atta is in the coming days acquiring Acacia Medical Insurance Company from Krobo Edusei junior and his partners.

The Enterprise Group takeover of Acacia Medical Insurance Company, The Herald has gathered is almost concluded with Mr Ofori-Atta's company expected to pay off Krobo Edusei's company some cool GHC30 million and take over its clientele.

Many believe that part of the GHc52 million from ECG money, will be used by the management of the Enterprise Insurance led by Keli Gadzekpo to seal Acacia Medical Insurance deal.

Interestingly, the Board Chairman of ECG is Keli Gadzekpo, who is also the Group Chief Executive Officer (CEO) for the Enterprise Group.

There is feeling among the staff of ECG that, Mr Gadzekpo is most likely going to use his position as board chairman to push ECG to pay the GHC52 million to get the Acacia Medical Insurance and Enterprise Insurance transaction settled.

Source: www.theheraldghana.com