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Members of Parliament’s Public Accounts Committee (PAC) today, September 9, 2020, demanded an explanation as to why Exim Bank reportedly paid a whopping sum of ¢2 million to dancehall artiste Shatta Wale and others to act as brand ambassadors.

Honorable Ras Mubarak, who is a member of the Committee indicated that he was at a loss as to why such an amount would go to such individuals just to promote goods made in Ghana.

He added that he was seeking clarity on the matter because the ordinary Ghanaian had every right to know what the money was used for.
Ras Mubarak stated categorically that he did not have a problem with Shatta Wale being given a contract but was only interested in how the whole process was handled.
The Member of Parliament’s concerns follows reports that the state-owned financial institution doled out GHC2m to Shatta Wale and Agya Koo who were to serve as brand ambassadors.

“I mentioned GHC2 million that went to Shatta Wale but the Deputy CEO says they wouldn’t know who the vendor selected and this is not to say that we have a problem with Shatta Wale getting some amount of money to do whatever work.”

In his response to the matter at hand at the PAC meeting, the Deputy CEO with oversight of the Finance and Administration Division, Kwame Adu-Darkwa said the bank only engaged the services of a media consultant to support them in promoting their product since it was necessary at the time.

He, however, insisted that he did not sign any cheque of GH¢2 million for any artiste.

However, Ras Mubarak, still trying to make his point, indicated that the money could have been invested in provision of water and other basic amenities for rural communities.

He added that Shata Wale, compared to other artistes, did not deserve the GH¢2 million given to him.

Chairman of PAC, James Klutse Avedzi said the Committee will invite officials of the bank to present details of the said payments to Shatta Wale and others.

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