An Accra-based newspaper has reported Wednesday that it is in possession of documents from the Ministry of Justice and Attorney General confirming that Agams Holdings has paid all debts owed the nation with accrued interest.
The General Telegraph newspaper wrote: “Confirming the reports of the refund of monies by Agams Holdings which included Rlg Communications Limited, Asontaga Cottage Industries and Craftpro, sources at the office of the Attorney General have revealed that out of a total of ₵61 million debts, Agams Holdings paid ₵55 million with only ₵6 million left to be paid.”
According to the newspaper, the document from the Attorney General titled, “Rig communications Limited, Asongtaba Cottage Industries and Craftpro Limited,” chronicled how the companies within the Agams Holdings refunded their monies to the state.
The A-G’s deparment has been tasked by government to retrieve all debts owed by companies implicated in what has become known as the ‘GYEEDA scandal’.
“Rlg Communications Limited, Asongtaba Cottage Industries and CraftPro Limited was indebted to government in the total of ₵61,135,981.27 with interest which was as a result of loans that were granted to the three companies for the provision of certain services to the then Ghana Youth Enterprise Development Agency (GYEEDA).
“As at 8th March 2016, an amount of ₵54,913,539.69 has been recovered by the Attorney General. Rig Communications Limited and Asontaba Cottage Industries have made full and final payment of their indebtedness in the sums of ₵7,801,159.18 and ₵45,177,752.60 respectively,” The General Telegraph quoted the A-G’s department document.
Photo: Chairman of AGAMS Holdings, Roland Agambire
According to the newspaer, Asongtaba Cottage Industries and Craftpro has issued a cheque in the name of Economic and Organized Crime Office (EOCO) for the payment of the final outstanding balance in the sum of ₵6,222,441.59.
The General Telegraph says it has gathered that the cheque is yet to be cleared by the EOCO.