RETRACTION AND APOLOGY
Businessman Mr. Ibrahim Mahama has, through his lawyers, brought to my attention a fact that needs correction, and I hereby do so unreservedly.
i. In my latest book, “The President Ghana Never Got”, I discussed the banking crisis under the Akufo-Addo administration and how some banks were saved from possible collapse.
ii. In providing a background to the Universal Merchant Bank (UMB) and the circumstances under which its new owners acquired it in 2013, I mentioned the controversy that arose when it emerged that one of the big debtors of the erstwhile Merchant Bank was Mr. Mahama.
iii. The fact is that the $28 million debt I referenced was owed by his company, Engineers and Planners Company Limited, the legal entity, and not Mr. Mahama personally.
iv. Consequently, I retract the said reference to Ibrahim Mahama as the debtor and apologise for any adverse effect that may have been occasioned by said publication.
v. It was a genuine oversight, which I am taking immediate steps to correct in the online version of the book and in subsequent reprints.
Manasseh Azure Awuni
August 26, 2024
Source:Mybrytfmonline.com
