• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, August 17, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Investor Alleges Bribe Demand From Ten Government Officials

November 27, 2020
Stephen M.Cby Stephen M.C
in General News
0
Claude Convisser, an American Businessman and Managing Director of Alafei Foods Company Limited speaking during an interview

Claude Convisser, an American Businessman and Managing Director of Alafei Foods Company Limited

Claude Convisser, an American Businessman and Managing Director of Alafei Foods Company Limited, has alleged that between eight to ten government officials are demanding bribe from him.

“I would say eight to ten officials, government officials under the current government … ranging from the presiding municipal assembly member Yendi.”

Speaking in an Interview on an Accra based radio station this morning, he revealed that, some officials demand for bribes prior to approving deals and as a result, some investors leave, adding that, his company has not given out any bribe although they get demands.

“We’ve never done it, we’ve never paid a bribe but we have received demands… and that’s why perhaps we are still waiting on our last off-taker agreement, the only one we seeking from a government organization.”

download 5
A pictured act of bribery taking place

He further narrated his striking encounter where he had to pay GH₵2,400 transportation expenses to a government official just for an introduction to the flagstaff house who later asked for a bribe where he made it clear he was not going to pay any.

RelatedPosts

ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste

Security Analyst Urges Focus on Facts in Helicopter Crash Probe

Political Interests Derailing Ghana’s Fight Against Galamsey

He further said to achieve the Ghana Beyond Aid goal which seeks to improve the well being of the economy and bring about sustained development, it requires an environment that does not constantly demand for bribe from investors.

He also noted that, there is no business that is going to succeed if, it has to continually pay bribes or a share of their revenues.

According to him, many businesses in Ghana do not survive for a long term because they spend huge sums of money to pay bribes before they get assistance to develop adding that, the slow growth of Ghana’s economy is linked to the continuous demand of bribes by people in authority from potential investors.

The American investor who has lived in the country for the past six and half years indicated that, Ghana would have been the lead business country in West Africa but for the continuous demand for bribe.

Touching on why it took him about three years to come out with this allegation, he explained, as at the time these developments where taking place he was reluctant about it because a previous issue reported by an investor on the bribery issue, was investigated and was left as such with no actions. So, he assumed a similar thing will be done in his case if it was reported.

He further noted that, he decided to come out now because the issue may block major development in the country.

school feeding 1
A section of pupils lined up to be served their food

Giving a background to the issue, he revealed that, his company, Alafei Foods Limited is seeking to set up a soya and vegetable factory under the 1D1F to meet the protein and vitamin needs of the Ghana School Feeding Program in the Northern region.

But, after he applied to set up the factory in Zugu in the Yendi Municipality, his efforts have been met with several frustrations as authorities are not willing to grant him a letter of intent to enable him secure funds from his sponsors.

Tags: Alafei Foods Company LimitedBriberyinvestors
Please login to join discussion
Previous Post

We need an industrial bank- AGI

Next Post

We’re Digitizing the Economy – Dr. Bawumia

[mc4wp_form id="1264"]

Related Posts

ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste
General News

ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste

August 17, 2025
European Leaders Push For Ukraine Peace Deal
UK

European Leaders Push For Ukraine Peace Deal

August 17, 2025
Security analyst Colonel Festus Aboagye (Rtd.)
General News

Security Analyst Urges Focus on Facts in Helicopter Crash Probe

August 16, 2025
Chike Explains Why He’ll Never Marry
Entertainment

Chike Explains Why He’ll Never Marry

August 16, 2025
Richard Kumadoe
General News

Political Interests Derailing Ghana’s Fight Against Galamsey

August 16, 2025
Sudanese Army Chief Visits Recaptured Strategic Stronghold
Africa

Sudanese Army Chief Visits Recaptured Strategic Stronghold

August 16, 2025
ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste
General News

ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste

by Prince AgyapongAugust 17, 2025
European Leaders Push For Ukraine Peace Deal
UK

European Leaders Push For Ukraine Peace Deal

by Lawrence AnkutseAugust 17, 2025
Security analyst Colonel Festus Aboagye (Rtd.)
General News

Security Analyst Urges Focus on Facts in Helicopter Crash Probe

by Evans Junior OwuAugust 16, 2025
Chike Explains Why He’ll Never Marry
Entertainment

Chike Explains Why He’ll Never Marry

by Esther Korantemaa OffeiAugust 16, 2025
Richard Kumadoe
General News

Political Interests Derailing Ghana’s Fight Against Galamsey

by Silas Kafui AssemAugust 16, 2025
Sudanese Army Chief Visits Recaptured Strategic Stronghold
Africa

Sudanese Army Chief Visits Recaptured Strategic Stronghold

by Lawrence AnkutseAugust 16, 2025
ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste
European Leaders Push For Ukraine Peace Deal
Security analyst Colonel Festus Aboagye (Rtd.)
Chike Explains Why He’ll Never Marry
Richard Kumadoe
Sudanese Army Chief Visits Recaptured Strategic Stronghold
[/vc_row_inner]

Recent News

  • ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste
  • European Leaders Push For Ukraine Peace Deal
  • Security Analyst Urges Focus on Facts in Helicopter Crash Probe
  • Chike Explains Why He’ll Never Marry
  • Political Interests Derailing Ghana’s Fight Against Galamsey
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.