• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, May 19, 2026
  • 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
in Opinions

Ablakwa Raises Red Flag On Government’s Financial Prudence

Lilian Ahedorby Lilian Ahedor
July 22, 2024
Reading Time: 5 mins read
Economic Downturn

Economic Downturn

The need for value for money in government is a crucial aspect of responsible public financial management.

It ensures that limited resources are utilized efficiently and effectively to deliver quality public services and achieve desired outcomes.

Value for money promotes transparency, accountability, and fiscal sustainability, ultimately building trust between citizens and the government.

Accordingly, Hon. Samuel Okudzeto Ablakwa has raised concerns about the government’s financial prudence and prioritization of national interests, questioning whether its actions truly serve the best interests of the country.

ADVERTISEMENT

Ablakwa revealed that Ken Ofori-Atta, the former Finance Minister, approved a staggering US$34,904,505.00, by a letter dated February 9th, 2024, to be paid to the discredited Service Ghana Auto Group Limited for the procurement of spare parts for the 307 ambulances purchased by the government in 2019.

Ablakwa pointed out that, on the same day, February 9th, 2024, Ken Ofori-Atta, directed the Controller and Accountant-General to release an additional US$10 million, equivalent to GH₵ 120,711,000.00, in a move that raised further questions about the government’s financial management.

“My impeccable tracking of this transaction confirms that the Controller and Accountant-General processed and released the GH₵ 120,711,000.00 on February 23, 2024 which was promptly received in the accounts of Service Ghana Auto Group Limited”.

“An analysis of this dubiously outrageous transaction valued at US$34,904,505.00 for spare parts for 307 ambulances, actually translates into US$113,695.456.00 per ambulance. Instructively, checks from many Mercedes Benz ambulance dealers across the world show that US$113,695,456.00 is far more than the value of a considerable number of modern fully equipped new ambulances”.

Hon. Samuel Okudzeto Ablakwa

Hon. Ablakwa expressed dismay and questioned why Ken Ofori-Atta would approve a dubious and exorbitant deal worth US$113,695,456.00 for spare parts when, for the same amount or even less, he could procure brand new, fully equipped, state-of-the-art Mercedes Benz ambulances, suggesting a potentially gross misuse of public funds.

He noted that further parliamentary oversight reveals that Service Ghana Auto Group Limited was incorporated on April 24, 2020.

As such, Ablakwa indicated that Service Ghana Auto Group Limited was therefore incorporated more than a year after the 307 new ambulances were commissioned by President Akufo-Addo on January 28, 2019.

“Typical of how this incurably corrupt government operates, the company was handpicked without a competitive procurement process”. – Hon. Samuel Okudzeto Ablakwa

Prioritizing Value for Money in Government Spending

Moreover, by prioritizing value for money, governments can maximize the impact of every money spent, reduce waste and inefficiencies, and allocate resources to the most impactful programs.

This approach enables governments to deliver better services, stimulate economic growth, and foster a sense of responsible stewardship.

Hon. Samuel Okudzeto Ablakwa MP North Tongu Constituency
Hon. Samuel Okudzeto Ablakwa, MP-North Tongu Constituency

Hon. Samuel Okudzeto Ablakwa vehemently criticized the government for its apparent negligence and lack of transparency in conducting this transaction, suggesting a complete failure to perform adequate due diligence and prioritizing vested interests over public welfare.

ADVERTISEMENT

He questioned the true intentions behind the Akufo-Addo/Bawumia government’s procurement of ambulances, wondering if the goal was genuinely to save lives or if the acquisition was merely a pretext to line the pockets of corrupt politicians and their cronies, masquerading as a legitimate government transaction.

“Deeper parliamentary oversight through GIFMIS assessments also confirms that even before this US$34.9million scandalous Ken Ofori-Atta/Agyeman-Manu send-off package, Service Ghana Auto Group Limited has received a colossal GHS115,342,573 in payments for shoddy servicing of the ambulances between 2020 and 2023”.

“This means, so far, Service Ghana Auto Group Limited alone will be making a mind-boggling GH₵ 653 million from these ambulances. This figure is more than double of how much the ambulances cost us in 2019. (Prevailing exchange rate of US$54million which was the cost of the 307 ambulances in 2019.)”

Hon. Samuel Okudzeto Ablakwa

Ablakwa questioned how a government claiming to protect public funds could award a US$34.9m contract to Service Ghana Auto Group Limited despite an audit report exposing inflated invoices and no value for money in a previous GH₵115m deal.

He highlighted that this company was previously exposed in a viral video for misusing an ambulance sent for servicing, instead using it to transport cement, revealing their unscrupulous practices.

Ablakwa noted the irony that a government eager to convict Minority Leader Ato Forson for alleged financial loss of €2.37m in the ambulance trial is now responsible for a real financial loss of over US$34.9m in another ambulance deal, showcasing reckless and criminal extravagance.

“I intend to formally petition the Office of the Special Prosecutor this week for his office to conduct criminal investigations into this sordid affair. Stinky create, loot, and share shall be fearlessly defeated!”

Hon. Samuel Okudzeto Ablakwa

As such, value for money is essential in government to ensure that public resources are used wisely, and citizens receive the best possible services and outcomes.

By adopting a value-for-money approach, governments can demonstrate their commitment to transparency, accountability, and fiscal responsibility.

READ ALSO: Kagame, The Misunderstood Leader Shaping Rwanda

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: economyGhana NewsNDCNPPOSPPresident Akufo-AddoVALUE FOR MONEY
Share2Tweet1ShareSendSend
Please login to join discussion
Previous Post

Kagame, The Misunderstood Leader Shaping Rwanda

Next Post

Over 37% Under Subscription of T-bills Signals Investor Concerns Over Gov’t Fiscal Health- Analyst

Related Posts

President John Dramani Mahama (L) Franklin Cudjoe, Founding President IMANI Centre for Policy and Education (R)
Opinions

Franklin Cudjoe: Mahama Government Delivers Ghana’s Fastest Economic Recovery

May 16, 2026
Ayine aand Dame
Opinions

When the State’s Former Chief Attorney Becomes the Accused’s Counsel: Ghana Must Shut the Revolving Door

May 15, 2026
Dr. Josephine Amponsem
Opinions

Ghana’s AI Ambitions Hinge on a Power Grid That’s Already Straining

May 14, 2026
Kay Codjoe Image 2
Opinions

TGMA’s Red Capet Crisis and the Business of Creative Prestige

May 11, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Keir Starmer and Andy Burnham

Downing Street Accused of Trying to Block Burnham’s Return

May 19, 2026
Neymar Jr has scored 79 goals for the Seleçao of Brazil making him the team's all time top scorer

Neymar Returns to Brazil’s Final Squad for 2026 World Cup

May 18, 2026
Dr. Andy Osei Okrah, TCDA CEO

TCDA Mandates Compulsory Licensing For Sector Actors, Sets Deadline

May 18, 2026
Minister of State in charge of Government Communications, Felix Kwakye Ofosu

Kwakye Ofosu Blasts GBA Over Silence on Afenyo’s Judge Attack

May 18, 2026
Ukrainian flag

Hungary, Ukraine To Commence Talks On Hungarian Minority Rights

May 18, 2026
Next Post
BoG’s $1.15 Billion Forex Injection Sparks Cedi Rebound: A Vote of Confidence or Temporary Relief? Analyst Weighs In

Over 37% Under Subscription of T-bills Signals Investor Concerns Over Gov’t Fiscal Health- Analyst

The Vaultz News

Copyright © 2025 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 © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address