Dr KK Sarpong And $7.5m Saga

The Chief Executive Officer, CEO, of Ghana National Petroleum Authority, GNPC, Dr Kofi Kodua Sarpong, popularly known as Dr KK Sarpong has been spotted in a deal between the Global Haulage Company Limited, a former company of Dr Sarpong with a transaction that amounts to $7.5 million.

Documents available to Radio 1 News, confirms that the CEO of GNPC ordered the finance department of the corporation to author the payment of $7.5million for the purchase of a 6 bedroom apartment at Chapel Hill, Takoradi in the Western Region for the corporation as office.

In a memo available to Radio 1 News captures excerpts below;

“I am by this memo authorizing you to effect the payment to Global Haulage Company Limited, the vendor instantly as per their invoice attached.”

“Suffice it to note that a thorough post audit of the transaction can be done once full office work resumes on 8th January, 2018… “As you may be aware, GNPC is moving parts of its operations to the Western Region, we already started the GNPC Foundation, it’s been working there for well over a year now from rented premises, we are now going to put the official GNPC complex in Takoradi and then moving the staff there, we thought we should procure accommodation.”

In a phone Interview with the CEO, Dr Sarpong disagreed with a suggestion that Royal Bank was involved with the transaction and insisted it was Global Haulage transaction.

“I was once head, it doesn’t mean I can’t do transaction with them. If you disclose your interest and you recuse yourself from discussions, that is the normal corporate governance and that is what I did.” He added.

He explained the other properties that were on offer were scattered all over and what Global Haulage was offering was a gated community located in a prime area in Takoradi, “you don’t want that. I’m sorry, my connection with Global Haulage wasn’t the influencing factor, let me be honest with you…I think for me, the gated community in Chapel Hill for staff, gives them security, gives them better environment and commuting between where the office is now, and where it will be, where we are trying to locate the proper office around the PTC area, is a good location, we took all that into account.”

Asked if that was the cheapest option, “Well I cannot tell, unless I have all the reports before me but when you are buying property, the question of something being cheap is relative, is it the same quality, is it in the same location.

Meanwhile, sections of Ghanaian Populace are attacking Dr Sarpong and accusing him of Conflict of interest.

By: Radio1News|Ghana