The African Development Bank Group (AfDB) has denied reports that it has sanctioned Ghana over its failure to pay debts owed the bank.
“We wish to state that Ghana is current on all its obligations with the AfDB. Ghana is not on the list of countries under sanctions by the AfDB”.
According to a statement from the bank, Ghana was mistakenly put on the list last month but the anomaly was rectified immediately it was identified.
“On 18 February 2015, due to an administrative oversight, Ghana was erroneously included in the list of countries under sanctions by the AfDB. However, the error was detected that same day and a corrected list was immediately issued in replacement,” the statement said.
Economist and Vice Presidential candidate of the New Patriotic Party (NPP) Dr Mahamudu Bawumia during his lecture on the Ghana-IMF bailout themed, “IMF Bailout: Will the anchor hold”, alleged the country was currently being sanctioned by the AfDB over non-payment of debts owed.
The sanction which he said took effect from January 2015, has resulted in the AfDB suspending the granting of new loans and disbursement of loans on ongoing projects in Ghana.