Express Your Mind

@AfricaFactsZone God bless the president who built this for the Judges. Posterity would be kind to Nana Addo. They said he was the worst president of Ghana yet all his projects are giving Ghana the best comments from other countries.

Ghana's residential complex for Court of Appeal Judges.

@BBSimons This Attorney General would end up the worst AG in the history of Ghana. He's being used to end all cases involving his party members. All the educated people are quietly watching him and his party in the name of goodwill. The goodwill will fade off soon. We'll be here!

The AG has recovered 10.6% of the Unibank Liability NOT 60% 1. On 22nd July 2025, the Attorney General of Ghana (AG) announced that he had reached an agreement with the owners of the collapsed Unibank who were under prosecution commenced by the previous government for financial crimes. He also seems to suggest that parallel civil proceedings to recover lost funds shall be terminated. 2. The main owner of Unibank being the former finance minister from the same ruling party as the Attorney General, the announcement was naturally greeted with intense cynicism. If anything at all, the criminal action could have been maintained to apply pressure even as a negotiated settlement was pursued. Why then drop the state's leverage? 3. The terms of the settlement - the Unibank actors would need to pay back 60% of their estimated liability - had also proven controversial. 4. Today, the AG provided additional details. As a governance analyst, I am a huge supporter of public disclosures that shed light on government's actions. So, I am happy that I don't need to scurry around trying to find leaks to do my public interest work. 5. I have reviewed the AG's arguments very carefully. I have also gone back to my notes on the Unibank affair. On balance, I am deeply dissatisfied with the AG's analysis of the public finance element of the situation. 6. I give some credit to his legal reasoning regarding the probability of recovery if the cases were to continue. Especially in light of the strange decision by the Court of Appeal to acquit in the Beige case (I am yet to read the judgment). However, the public still deserves total honesty and rigour from its AG in a case involving such large amounts. Claiming "pragmatism" is not enough. 7. Unibank was one of Ghana's largest banks. Between 2013 and 2016, its assets grew from just about GHS GHS 825 million to GHS 2.88 billion. Its depositor accounts numbered over 400,000 by July 2017. It won many prestigious local awards. 8. Unfortunately, when the World Bank and IMF pushed Ghana to evaluate the quality of bank assets in 2015, it was discovered that many of Unibank's assets were "impaired" on prudential grounds. Its capital adequacy ratio thus dropped significantly below the legal minimum of 10%. Shareholders were then asked to inject more funds, which they did to an extent. 9. A new government came into office in early 2017. The Bank of Ghana (BoG) changed leadership. The new bosses introduced stricter scrutiny of the banks. Over a period of more than a year, multiple audits ensued during which it became clearer and clearer that the bank was bankrupt. On 1st August 2018, its license was yanked. A receiver was appointed to manage the residue of assets and liabilities. Hence began the saga. 10. The AG's position is that the GHS 5.7 billion in direct exposure (the financial loss the govt previously believed Unibank's owners should be responsible for) has been revised upon closer examination to GHS 3.3 billion. Of this amount, GHS 800 million shall be paid back by Unibank through forfeiture of landed properties and GHS 1.2 billion shall be recovered from Unibank's debtors. 11. The financial logic of the entire deal is TOTALLY MISCONCEIVED. The suggested amounts are puny, and whatever money can be recovered from any debtors was done a while back without making a dent in the liability. 12. It is instructive that two important players are so far quiet: the Bank of Ghana, a major creditor of Unibank, and the Receiver, who by law is required to safeguard the fiduciary interests of the defunct Unibank. WE MUST HEAR FROM THEM. 13. Now, let me explain why the AG's analysis is seriously porous. A. The claim that the "fictitious entries" entered in Unibank's books do not amount to liability on their own confuses the issues. I do not accept that this is an honest assessment of the situation. The fictitious entries masked the fact that monies borrowed from the public (depositors) and creditors (BoG and other banks) could not be properly accounted for. What is important is to ACCOUNT. B. On 31st July 2018, a day before the license revocation, the main shareholder of Unibank wrote an important letter which captures the liability "acceptable" to him and other shareholders. That number represents the minimum floor as one would assume that the shareholders will maximise their interests in any negotiation. C. The losses to the country emanating from the Unibank saga exceeds even the GHS 5.7 billion the previous government was pursuing. Let's delve into these matters. 14. In the July 31st 2018 letter, Unibank's owners admitted direct liability of GHS 4.9 billion. See extract from the letter attached. If so, how does the liability now get revised to GHS 3.3 billion? In fact, at that time, Unibank said it was willing for its assets to be liquidated for injection into the bank at a forced sale value of GHS 3.52 billion ($730 million). 15. The Bank of Ghana alone was owed over GHS 2.8 billion. However, Unibank had offsetting claims amounting to ~GHS 600m bringing the net liability to ~GHS 2.2 billion. The current settlement does not even cover this amount. 16. By May 2018, KPMG-validated liabilities of Unibank amounted to nearly GHS 9.2 billion. That is to say $2 billion made up of customer deposits, BoG liquidity support, and corporate borrowings, among others. Whilst Unibank owners have repeatedly argued that they were also owed a lot of money by the government, through contractors, their own claims amounted to less than $200 million. 17. Now, here is the key issue. The basic equation of finance is that liabilities must be offset by shareholder funds and assets, which in the case of banks mean good LOANS. Thus if we assume that the government's debt (DDEP notwithstanding) is prudent lending and therefore a good asset, we must account for roughly $1.8 billion more of WHERE THE UNIBANK MONEY WENT. 18. We know from KPMG's extensive work, that nearly $400 million that Unibank loaned to companies belonging to Unibank's owners never came back. 19. Of nearly $600 million loaned out to other companies, between half and 75% was deemed unrecoverable by KPMG. 20. As every reader can see, there is a big CAPITAL HOLE. Nearly $1.8 billion large. First, there is the ~$800 million of deposits by ordinary Ghanaians and companies that went to Unibank. Then over $400 million of BoG money. Plus another $600 million borrowed from various other banks and lenders. 21. The government's settlement of $80 million in cash and $120 million in as yet undisclosed properties (even using BoG exchange rates) is thus no where near accounting for the liability. 22. It is important to remember that the government assumed most of that liability. First, by way of covering for the deposits through the set up of CBG, a state-owned bank. And, second, by way of BoG absorbing the losses in its liquidity support. So far, the country has not been told whether the other debts accumulated by Unibank have been cleared or not. But those debts are losses too. 23. Even the liability that the former owners of Unibank themselves admit they are responsible for, over $1 billion, has not been covered in this "settlement". As of May 2018, the KPMG's view of the gap of money unaccounted for was $1.5 billion. 24. Thus, if we use market exchange rates, the government has "recovered" $160 million of a liability that may well exceed $1.5 billion (the receiver and BoG should update the nation). That is barely 10.6% of the total LOSSES TO GHANA's welfare! Even that $160 million is suspect because, from the AG's explanations, they are likely to be debt owed to contractors by the same government. It is important to re-emphasise that the deal cut by the government is only 21% of what Unibank's owners themselves admitted was their liability to the bank on July 31st, 2025. 25. In any serious country, the press conference of the AG today would be the BEGINNING not the end of the national debate about how Ghana tackles national financial losses involving the rich and powerful in society. The question is: is Ghana a serious country? Or a katanomic society? Judge for yourself.

@MaameEsiGold @AfenyoMarkin @Gen_Buhari_ @ForVolta @_Fiifi_Sage Some of your comments are nuisance comments. They're scattered all over. The admin has monitored you for sometime that's why he blocked you.

@ExpressYourMin1 @AfenyoMarkin @Gen_Buhari_ @ForVolta @_Fiifi_Sage I'm not even going to have that gender conversation. Not too long ago some of your people were arguing with me about pads on here. Anyway, tell me what i said wrong in my comments that i deserve to be blocked.

So I posted this comment no insult or nothing but @AfenyoMarkin has blocked me @Gen_Buhari_ @ForVolta @_Fiifi_Sage why has your leader blocked me for such a harmless comment? 😂😂😂 #AbanPapaAba #MahamaThePresident

@GeorgeAnagli Fior!

@ExpressYourMin1 SHUT UP

Yes o. And it paid off beautifully.

@paulkay_pk @eddie_wrt Hwɛ ne gyimii bi. My friend, find somewhere and park and stop f00ling. Find something meaningful to do with your life. Funny of you to threaten people on X 😂😂😂😂. Gyimii.... Bronx, NY is my location. Come and look for me.

@ExpressYourMin1 @eddie_wrt Not people. YOU. Sometimes you get unlucky and banter with the wrong person. This is one of such situations.

Collins Owusu Amankwah, former MP for Manhyia North Constituency, says Ghanaians have made the biggest mistake by giving the NDC a two-thirds majority in Parliament, warning that they could one day pass a bad law that we would regret forever. He stated that the NDC is a consistently greedy party and that it is unsafe to hand absolute power to such a party.

@paulkay_pk @eddie_wrt You're enraged. That's fine. However don't think people would suffer the punishment you have in your mind. Good intentions don't always result in good outcomes for all people. You can't be angry forever. Move on with your life.

@ExpressYourMin1 @eddie_wrt Read between the lines dumbass, this is not banter, I'm fucking enraged. You think Twitter is not real life, but to some of us it really is. I'll find you.

@paulkay_pk @eddie_wrt Pray you don't get Hypertension okay. Same people like you would say people are lying when they talk about what their families suffered under JJ Rawlings. Firi ha kɔ

@ExpressYourMin1 @eddie_wrt Cool down? You motherfuckers are insane! People lost their lives! Families were ruined, livelihoods were lost! Cool down???? Piss off already!

@paulkay_pk @eddie_wrt Hahaha 😂😂😂... Then you'll wait till eternity. It's 8 months already and not a single conviction of an NPP member. Keep living in your hatred and fantasies. Not a single NPP member is going to jail.

@ExpressYourMin1 @eddie_wrt I'll tell you what will make Ghanaians cool down... When 80% of NPP leadership is rotting in jail and the rest put through the firing squad... Then we'll cool down.

@B6ADASS @AfricaFactsZone I said it that you don't use your senses. I was right. See this?

@AfricaFactsZone so y’all are telling me clean money did all this? damn! Ghana to the world❤️🇬🇭

Ghana has Africa's biggest hotel, Rock City Hotel in Nkwatia. It will include 2,700 rooms, an aquarium, a 2,700 capacity conference room, a water park, zoo, 45 meeting rooms, an 18 and 9-hole golf course. 608 rooms had been completed in 2020. 880 rooms are under construction.

@FavoredHi61 @Hajjyass70 @ghonetv If you don't understand the tweet I made, shut up. John Mahama said the conflict got worse whenever NPP was in power. He said when NDC comes into power there's peace. So what happened?

@ExpressYourMin1 @Hajjyass70 @ghonetv So crimes of these nature never happened under your NPP regime right.MMOOAA,everything political fools like you will always show your stupidity.

Ashanti Region Kusasi Chief, Abdul-Malik Azenbe who also served as the Kaadi Divisional Area Chief in the Binduri District of the Upper East Region, has been shot dead by unknown gunmen in front of his house at Asawase F-line, near the community centre... #GHOneNews #EIBNetwork #GHOneTV #NewsAlert

@Joy997FM I said it that he'll end up as the worst AG in the history of Ghana months back. He's not beating the allegations. x.com/ExpressYourMin…

Do you think the AG’s direction on the Kwabena Duffuor case is the best way to go or just another “clearance” ? Share your views with the hashtag #JoySMS

@Hajjyass70 @ghonetv I thought there'll be peace with NDC in power. What changed?

@ghonetv Now the conflict is trespassing its borders or what this?

@B6ADASS @ghonetv Sometimes use your head kakra

@ghonetv the guns that were brought into the country during npp’s regime is being used all over because we didn’t have guns this much in the past. what the hell is going on?

@MPKwarteng_ @JusticeSremSai Ei na sɛɛ wagymi saa?

Welcoming news! In a country where we rely mainly on loans and grants to fund critical projects, it is in our best interest to focus more on recovery of looted funds than prosecuting to lose everything — most especially when the conviction of the accused is not guaranteed. Of a great precedence was the ambulance case involving Ato Forson and others, where the company offered to pay the cost for procuring the ambulance but Godfred Dame turned down. Later, Ato Forson and others were acquitted and discharged of any wrongdoing in the transaction. At that juncture, the state lost the prosecutorial pursuit and the chance to recover some €2.4M. Never again! Thanks to Dr. and Dr. Ayine and Srem-Sai for this witty path to loot recovery. #AbanPapaAba

The Honourable Attorney-General has entered a nolle prosequi in The Republic v. Kwabena Duffour & 7 Others case.

@il_sgnr Hahaha 😂😂😂😂... What makes you think I would hide my identity on this app but I would reveal my account to you? I live in US and earn on dollars. That should be enough for you.

“How much is your dollar?” Like you know me. lol

@il_sgnr @IdanBarnes @Joy997FM Yes and it's not making people to spend. That's what I'm also saying. People with dollars aren't exchanging their dollars to cedis to spend. You're the one who exchanged yours, majority of the people aren't doing it. They're actually buying more dollars with their Cedis.

@ExpressYourMin1 @IdanBarnes @Joy997FM You don’t get it. People with dollar lost over 30% value due to Cedi appreciation. Spending in Cedis today is not thesame as 2 months ago. Steak and cocktail at Exhale lounge is over ¢500 which was less than $30 over a month ago. Today it’s about $49. Apply this to other sectors

Bank of Ghana intervened with $1.4bn in the forex market in 2025 first quarter - IMF #JoyNews

@il_sgnr @IdanBarnes @Joy997FM Even when inflation went over 50% and dollar was 17 Cedis, sales was still good. Now it's worse with so-called better economic indicators. It's more than just cost of goods. The economic indicators we have now are artificially engineered. Check interest rate alone

@il_sgnr @IdanBarnes @Joy997FM Lol 🤣🤣🤣.... How much is your dollar? It is 0.00000000001 of the population with dollars. Majority of them are keeping theirs awaiting better exchange rates. Others too have used their money to import goods into their warehouses and sales isn't good. Not because of cost alone.