A former CEO of the National Food and Buffer Stock Company is at the center of a controversy involving the acquisition of several high-value properties allegedly using proceeds of crime. According to a report released by the Government Accountability Series under Presidency Communications, the individual acquired multiple properties worth millions of dollars and Ghanaian cedis.
The properties listed include a five-bedroom house at Chain Homes valued at $1,625,000, a three-bedroom house at Cantonments worth $600,000, plots of land at Airport Development valued at $750,000, a 17-bedroom boutique hotel at Gumani in Tamale worth $250,000, a four-bedroom bungalow situated at Dworwulu, Accra valued at GHS4,142,451.00, and 0.32-acre government land purchased for GHS307,200.00.
The report highlights the alleged misuse of funds by the former CEO, raising questions about accountability and transparency in government-affiliated positions. The Government Accountability Series, part of Presidency Communications, has brought this information to light as part of their series on accountability.
Further details on the investigation or actions taken against the former CEO are not specified in the release. The incident underscores the importance of oversight in government-related entities to prevent alleged misuse of funds.