The Member of Parliament (MP) for North Tongu, Samuel Okudzeto Ablakwa, has raised concerns about the transfer of US$20 million to the Bank of Ghana without what he describes as consistent documentation.

In a post shared on X on Tuesday, August 27, 2024, the North Tongu legislator said that the US$20 million was cleared by officials of the Ghana Revenue Authority (GRA) and is supposed to be for the Central Bank of Liberia.

He said that the documents addressed to the GRA show that the money has been sent to the Bank of Ghana for safekeeping until it is transferred to Liberia, but documents of Ghana’s central bank show something different.

Ablakwa added he is monitoring the situation to see if the money in question would be sent to Liberia and is not for the Bank of Ghana as it claims.

“I am keenly tracking the movement of some US$20 million cash which arrived in Ghana via KIA this afternoon. The cash has since been cleared by officials of the Bank of Ghana. The Bank of Ghana must offer explanations on why supporting documents are not consistent with the content of its August 21, 2024, letter to customs and airport officials seeking to clear the uncirculated banknotes.

“Even though the Bank of Ghana claims the money was ordered by the central bank of Liberia and that the cash will be re-exported to Monrovia whenever there is an available flight, other intercepted documents including an airway bill indicate emphatically that the consignee is the Bank of Ghana and not the central bank of Liberia.

He added, “My international partners and I will keep tracking this US$20 million cash from London to confirm if indeed the fresh banknotes will be transferred to Liberia, when the transfer will be carried out and if the full amount will be transferred.”

The MP shared a document from the Bank of Ghana asking the GRA to clear the US$20 million, stating that it would be transferred to Liberia later.

He also shared an airway bill which is supposed to show that the US$20 million belongs to the Bank of Ghana.

View the MP’s post plus the document below:

I am keenly tracking the movement of some US$20million cash which arrived in Ghana via KIA this afternoon.

The cash has since been cleared by officials of the Bank of Ghana.

The Bank of Ghana must offer explanations on why supporting documents are not consistent with the… pic.twitter.com/ivjOPxRp6P

— Sam Okudzeto Ablakwa (@S_OkudzetoAblak) August 27, 2024