• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, August 5, 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

President Mahama Takes Bold Steps Against Corruption, Asset Grabs

May 8, 2025
Evans Junior Owuby Evans Junior Owu
in General News
0
HE President John Dramani Mahama

HE President John Dramani Mahama

In a sweeping address marking his first 120 days in office, President John Dramani Mahama laid out the foundational actions his administration has taken to honour the social contract with Ghanaians. 

With a strong emphasis on accountability, transparency, and public trust, the President announced an aggressive push to tackle corruption, institute forensic audits into high-profile scandals, and enforce a landmark policy that bars political appointees from acquiring state assets.

“This war against corruption continues unabated. The Minister for Health is reviewing the Auditor General’s report on COVID-19 expenditures. After the review, the appropriate actions will be taken.”

President John Dramani Mahama

On the Sputnik-V vaccine procurement scandal, which raised eyebrows over the role of middlemen and inflated costs, President Mahama confirmed that investigations are currently underway. 

RelatedPosts

Bediako Baidoo Wins NDC Akwatia Primary Ahead of By-Election

Cocoa Farmers Reject Price Hike, Accuse COCOBOD of Betrayal

Mahama Government Faces Criticism Over Cocoa Price Hike

Similarly, the collapse of several indigenous banks and financial institutions is under the spotlight. 

The President noted that the Minister for Finance has initiated an inquiry to unearth the circumstances that led to the loss of livelihoods and the shrinking of Ghana’s financial ecosystem. 

The President vowed that “facts will be unearthed, culprits will be punished, and lessons will be learned.”

Energy sector corruption also features prominently in the government’s audit agenda. The Minister for Energy & Green Transition according to President Mahama is leading a probe into the Power Distribution Services (PDS) scandal—one of the most controversial deals under the previous administration. 

Meanwhile, the President noted that an independent audit of the National Cathedral project, being carried out by Deloitte & Touche, is expected to be completed by the end of May. 

cathedral
An aerial view of the controversial National Cathedral Project

This audit, long demanded by civil society and opposition voices, could bring closure to questions surrounding the use of public funds in what was widely criticized as a vanity project.

Another major item on the anti-corruption agenda is the hosting of the 13th African Games. The President disclosed that a number of officials have already been invited and questioned over expenditure related to the event. 

Notably, on April 30, 2025, the Attorney General filed eleven charges against a former Director General of the National Signals Bureau and others. The offences span a range of financial and administrative breaches. 

Similar legal action, according to the President, will follow in the cases of the Accra Sky Train project and the widely reported National Service ghost names scandal.

President Mahama also lauded the work of the Office of the Presidential Advisor on Anti-Corruption, which he said would continue to receive and transmit complaints to the Attorney General. 

The ORAL (Operation Recover All Loot) mechanism, he noted, had already gathered over two thousand corruption complaints in just a few weeks, showcasing a renewed public willingness to participate in the fight against graft.

ORAL Report Picture 3
HE President John Dramani Mahama receiving the ORAL Team report

Ban on Political Appointees to Acquire State Assets

Moreover, perhaps the most revolutionary policy announced by the President is the institutional ban on political appointees from purchasing state assets.

Citing a troubling surge in asset grabs by politically connected individuals, particularly under the previous administration,  President Mahama said his government had taken decisive steps to end the practice once and for all. 

“Reports of former officials acquiring public property after regime changes have eroded public trust”.

President John Dramani Mahama

The policy, now in full force, prohibits all political appointees, their assigns, and closely associated individuals from acquiring any public asset. 

It is enforced through Section 5.2(b) of the Code of Conduct for Political Appointees, which stipulates the immediate termination of any appointee found to have purchased or to be in the process of purchasing state property, whether directly or through proxies.

This policy marks a historic shift in public sector ethics in Ghana. For decades, regime changes were followed by the quiet—and sometimes aggressive—privatization of public assets by politically powerful individuals. 

President Mahama’s move strikes at the heart of this long-standing source of inequality and political patronage.

President Mahama 31
HE President John Dramani Mahama

In concluding his address, the President emphasised that his anti-corruption efforts were not about vendetta but about restoring credibility and enforcing justice. 

“My commitment to fighting corruption is not limited to recovering loot from past appointees; we will also ensure that our appointees serve Ghana responsibly and are held to the highest accountability standards”.

HE President John Dramani Mahama

With these bold actions, President Mahama has thrown down the gauntlet—drawing a sharp contrast between his administration and its predecessor, and setting a tone of reform, transparency, and zero tolerance for corruption. 

READ ALSO: President Mahama Hails Bold Economic, Tax Reforms & Fiscal Discipline

Tags: anti-corruption policyCOVID-19 expenditure auditforensic audits GhanaGhana corruption fightindigenous banks collapseNational Cathedral auditohn MahamaPDS Scandalpolitical appointees asset ban
Please login to join discussion
Previous Post

President Mahama Hails Bold Economic, Tax Reforms & Fiscal Discipline

Next Post

CalBank and Ecobank Among Top Traded Stocks as GSE Sees Bullish Trend

[mc4wp_form id="1264"]

Related Posts

Bernard Bediako Baidoo
General News

Bediako Baidoo Wins NDC Akwatia Primary Ahead of By-Election

August 4, 2025
Farage Slammed For Spreading ‘Unevidenced’ Migrant Fears
UK

Farage Slammed For Spreading ‘Unevidenced’ Migrant Fears

August 4, 2025
A Painful Reminder Of Unresolved Hostage Situation
Opinions

If It’s Good Enough To Share Abroad, It Must Start at Home

August 4, 2025
UK Ties Palestine Recognition To Ceasefire Conditions
UK

UK Ties Palestine Recognition To Ceasefire Conditions

August 4, 2025
Olamide Reveals Music Executive Easier Path
Entertainment

Olamide Reveals Music Executive Easier Path

August 4, 2025
Shaibu Haruna Crowned ‘CEO of the Year – Fintech’ at 4th Ghana CEO Awards
Vaultz Business

Shaibu Haruna Crowned ‘CEO of the Year – Fintech’ at 4th Ghana CEO Awards

August 4, 2025
Bernard Bediako Baidoo
General News

Bediako Baidoo Wins NDC Akwatia Primary Ahead of By-Election

by Evans Junior OwuAugust 4, 2025
Farage Slammed For Spreading ‘Unevidenced’ Migrant Fears
UK

Farage Slammed For Spreading ‘Unevidenced’ Migrant Fears

by Lawrence AnkutseAugust 4, 2025
A Painful Reminder Of Unresolved Hostage Situation
Opinions

If It’s Good Enough To Share Abroad, It Must Start at Home

by Comfort AmpomaaAugust 4, 2025
UK Ties Palestine Recognition To Ceasefire Conditions
UK

UK Ties Palestine Recognition To Ceasefire Conditions

by Lawrence AnkutseAugust 4, 2025
Olamide Reveals Music Executive Easier Path
Entertainment

Olamide Reveals Music Executive Easier Path

by Esther Korantemaa OffeiAugust 4, 2025
Shaibu Haruna Crowned ‘CEO of the Year – Fintech’ at 4th Ghana CEO Awards
Vaultz Business

Shaibu Haruna Crowned ‘CEO of the Year – Fintech’ at 4th Ghana CEO Awards

by Stephen M.CAugust 4, 2025
Bernard Bediako Baidoo
Farage Slammed For Spreading ‘Unevidenced’ Migrant Fears
A Painful Reminder Of Unresolved Hostage Situation
UK Ties Palestine Recognition To Ceasefire Conditions
Olamide Reveals Music Executive Easier Path
Shaibu Haruna Crowned ‘CEO of the Year – Fintech’ at 4th Ghana CEO Awards
[/vc_row_inner]

Recent News

  • Bediako Baidoo Wins NDC Akwatia Primary Ahead of By-Election
  • Farage Slammed For Spreading ‘Unevidenced’ Migrant Fears
  • If It’s Good Enough To Share Abroad, It Must Start at Home
  • UK Ties Palestine Recognition To Ceasefire Conditions
  • Olamide Reveals Music Executive Easier Path
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.