The Good Governance (GOGO) is urging the Office of Operation Recover All Loot (ORAL) to launch a full-scale investigation into the roles played by transaction advisors in Ghana’s high-risk borrowing spree over the past eight years.
GOGO advocate Kwaku Azar claims these advisors were instrumental in designing, endorsing, and promoting numerous loan and bond deals that have left the country in dire fiscal straits.
He insists their actions enabled large-scale borrowing without transparency, proper due diligence, or accountability.
“These advisors weren’t just bystanders. They were architects of Ghana’s economic woes,” Azar said. “You can’t recover stolen wealth without exposing the entire network that made it possible.”
Azar emphasized that many of the borrowing arrangements were built on dubious projections and may have involved conflicts of interest and collusion with public officials.
He stressed that true accountability must extend beyond elected leaders to the consultants and institutions that profited from Ghana’s debt crisis.
GOGO is calling on ORAL to name all transaction advisors involved, scrutinize the quality and independence of their services, trace all commissions and incentives paid, and seek legal redress where negligence or fraud is uncovered.
“Accountability must not end at the steps of political power. The professionals who shaped and benefitted from these harmful deals must also answer,” Azar added.
Read the full statement below:
