Here’s Why An Alleged GHC2M Payment To Shatta Wale & Others Was Questioned By PAC

Shatta Wale is a Ghanaian singer, songwriter and leader of the Shatta Movement Empire

Issues regarding an alleged GHC2 million payment made by the Ghana Exim Bank to Shatta Wale and other brand ambassadors came up during a Public Account Committee (PAC) sitting on Wednesday, September 9, 2020.

Ras Mubarak, a member of the Committee, raised concerns over the said amount, and indicated that it makes no economic sense for the company to pay such an amount to an artiste to promote made in Ghana goods.

This concerns by Ras Mubarak comes after media reports suggested that Exim bank paid some huge sums of monies to Shatta Wale and some celebrities to be its brand ambassadors.

“And this is not to say that we have a problem with Shatta Wale getting some amount of money to do whatever work. But the Ghanaian public deserves to know how much went out and who got it because their answers were not satisfying,” Ras Mubarak said.

As part of the campaign and in tandem with Exim bank’s support for the creative industry, the Bank had contracted brand ambassadors and influencers who have shown prowess in their respective fields and have interest in this campaign to help push the Made in Ghana agenda, according to Citi News.

In response to the issue, Kwame Adu-Darkwa, the Deputy Chief Executive Officer of the bank, said the bank did not deal directly with the artiste and only contracted a media consultancy firm to help them in promoting its products.

James Klutse Avedzi, the Chairman of PAC, stated that the committee will invite officials from the bank to provide details of the said payments to Shatta Wale and other brand ambassadors.

Shatta Wale, however, has not made any public statement on the issue.

About Ghana Exim Bank

The Ghana Exim Bank was established by the Ghana Export-Import Bank Act 2016 (Act 911) to support the government of Ghana’s quest for a feasible and sustainable export-led economy.

The objective of the Bank is to support and develop Ghana’s export trade and also build Ghana’s capacity and competitiveness in the international market place.


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