A senior staff of the Bank of Ghana, Gilbert Addy, has been sacked “for gross misconduct in relation to corrupt transactions and for accepting bribes”.
Mr Addy was found complicit in the award of the Ghana Retail Payment Systems Infrastructure contract to Sibton Switch Systems Limited in 2016.
He is said to have received GH¢410,000 from Sibton Switch Systems Limited and its parent company, Sibton Communications Limited, via his company, GIB JUST Systems Limited.
This came to light after investigations by the Central Bank’s international legal counsel after Sibton had dragged the Bank to the London Court of International Arbitration (LCIA) over breach of contract.
Hogan Lovells was preparing the Central Bank’s defence but uncovered the “corrupt payments and bribes” in respect of the contract, which was terminated in 2018.
Mr Addy is said to have deleted email records and concealed from the Bank payments received to hide his deeds.
“The misconduct by Mr Gilbert Addy was of the most serious nature and a gross violation of the trust placed in him, breaching the Code of Conduct for Bank of Ghana staff, and the BoG Senior Staff Rules and Conditions of Service, as well as the Bank of Ghana Code of Ethics,” the Central Bank said in a statement today.
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