News:
February 21, 2023
The Member of Parliament for Adansi Asokwa and a minister designate for Trade and Industry Ministry, K. T Hammond has explained that, the famous drill ship which sale has been attributed to him was used by the then NDC government as collateral to secure loans.
He explained that, the decision of selling the drill ship was a decision of the President Kuffour’s government but not himself as K.T Hammond, just that, he was instructed by his minister, Kan Dapaah to lead in the negotiations.
He further stated that, Ghana’s debt which the ship had been used to collateralized was about 47 million dollars but through his efforts in the negotiations reduced the debt from 47 million dollars to about 19 million dollars.
Mr. K. T Hammond made these comments when he appeared before the Appointment Committee to be vetted and was asked by the MP for Adaklu, Kwame Agbodza Governs to give details on the sales of the ship.
Kwaku Sakyi-Danso/Ghanamps.com