MyNewsGh.com has intercepted the report of the Economic and Organized Crimes office EOCO when it was petitioned to investigate the procurement process of the Bank of Ghana Mobile Money Interoperability Contract.
There has been controversy about the actual amount for the contract; while the government has said it was 4.6billion cedis which it slashed to 4 million, a former Deputy Governor of the Bank of Ghana Dr Asiama has disputed it, indicating that only GH¢300,000 was actually marked for the project.
He said the amount ofGH¢ 4.6billion was what the contracted company will rather invest in the Interoperability platform over a 15 year period without any overlay from the government.
The EOCO report- which is available for download in PDF below this story was occasioned by a complaint to the investigative body by a party (Vals Intels Limited) which lost out in the procurement process or felt cheated.
The report among other things said no amount of money was committed from Bank of Ghana to Sibton Switch System regarding the contract, and that there was a misunderstanding as a party thought Bank of Ghana was supposed to commit the amount they (the companies) quoted in their bids.
On the cost of the project, The EOCO report said:
“Investigations confirmed that the contract awarded was a turnkey project which required the supplier to build, own and operate the payment system with BOG playing a monitoring role. Meaning that BOG would not make any financial commitment towards the contract.”
Download and read the full report below: