• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, May 18, 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

Calls Grow for a Ban on PEP’s Acquiring State Assets

March 10, 2025
Silas Kafui Assemby Silas Kafui Assem
in General News
0
Lawyer Kofi Bentil, Ban of PEPs, State Owned Assets,

Lawyer Kofi Bentil

The debate over whether politically exposed persons (PEPs) should be allowed to acquire state-owned properties has intensified, following the Ministry of Foreign Affairs revealing some of its lands have been sold to private individuals and politicians under the last administration.

Recent discussions among public figures have reignited concerns about how politicians and their associates gain access to state resources, often through opaque auctions and sales, with legal and governance experts advocating for stricter regulations.

Kofi Bentil, a legal practitioner and governance expert, has proposed that PEPs should be prohibited from purchasing state properties for at least four years after leaving office.

RelatedPosts

Cedi’s Fast Appreciation Raises Stability Concerns

UG Rejects Misleading Report on Payroll Audit Findings

Blood Pressure Month: Ghana Targets 1 Million BP Screenings

He argued that such a law is necessary to prevent public officials from using their positions to amass wealth at the expense of the state.

He insisted that politicians and their allies manipulate auctions to acquire government assets at unfairly low prices, a practice that undermines public trust and national development.

“In fact, I have an addition to that, that anybody who is politically exposed may not, when they are in office or four years thereafter, purchase any state property and cannot participate in an auction because of the gaming”

Kofi Bentil, Legal Practitioner and Governance Expert

He emphasized that auctions often favor politically connected individuals, making it crucial to introduce legal barriers against their participation.

Bentil revealed that he has already discussed this proposal and intends to formally engage Samuel Okudzeto Ablakwa, the Minister of Foreign Affairs to incorporate it into a private member’s bill.

He remains firm that no PEP should be allowed to participate in state property auctions.

Addressing concerns about loopholes, he acknowledged the possibility of proxies being used to circumvent the rule but expressed confidence that such challenges could be tackled when the legislation is being crafted.

For him, the core issue is the culture of politicians entering office with the intent of accumulating wealth, which he warns could have devastating consequences for national stability.

“We are creating a situation where people get into politics just to amass wealth and create capital. And it is bad for our country because in other places, it has led to civil wars. We should stop it somewhere”

Kofi Bentil, Legal Practitioner and Governance Expert
Hon. Thomas Winsum Anaba
Hon. Thomas Winsum Anabah, Member of Parliament (MP) for Garu

A Permanent Ban

However, Hon. Thomas Winsum Anabah, Member of Parliament (MP) for Garu, believes that even a four-year restriction is insufficient.

He argued that once a person is politically exposed, they should remain so permanently, effectively barring them from acquiring state properties for life.

He maintained that political influence does not diminish over time and that individuals who once held power retain their networks and influence long after leaving office.

“Even the politically exposed person should continue to be politically exposed till he dies. It shouldn’t be four years. Why? Once you are politically exposed today… 

Tell me, are those who worked under Kufuor still not politically exposed? How many years now have they left office? They are still politically exposed”

Hon. Thomas Winsum Anabah, Member of Parliament for Garu

For Anabah, public service should be about genuine national development rather than personal gain.

He believes that individuals seeking wealth should turn to the private sector instead of leveraging state power for personal benefit.

He insisted that politics is about service and that leaders must be prepared to work voluntarily without expecting opportunities to acquire state resources.

Hon. Kabiru Mahama
Dr. Abdul-Kabiru Tiah Mahama, MP for Walewale

Reversing the Sale of MFA Lands

Beyond future acquisitions, concerns have also been raised about past transactions involving state assets.

Dr. Abdul-Kabiru Tiah Mahama, the MP for Walewale, has questioned the selective approach in the recent reversal of sales involving Foreign Affairs Ministry lands.

While he supports the move, he believes that the scope of the order must be clarified to ensure fairness and consistency.

“This order is very good, but the problem that I have with the order is, what is the scope of that order?”

He pointed out that if only specific land sales are being reversed, it could create the impression of political bias.

Instead, he argued that the government should undertake a comprehensive review of all Foreign Affairs Ministry land sales, not just those that occurred under a particular regime.

“If you want to carry the good people of Ghana along, you have to take a definite principle that we are going into the review of the sales of land belonging to the Foreign Ministry. We are reviewing every single allocation and then revoking them if need be”

Dr. Abdul-Kabiru Tiah Mahama, MP for Walewale

Broader Implications

The issue of politically exposed persons acquiring state properties is a reflection of the broader governance challenges facing Ghana.

The concerns raised highlight the urgent need for institutional reforms to prevent the abuse of public office for personal gain.

Proponents of the ban argue that without clear legal restrictions, public officials will continue to exploit state resources, deepening inequality and eroding public trust in governance.

While some argue for a temporary ban, others believe that permanent restrictions are necessary to maintain integrity in public office.

Additionally, the call for a transparent and consistent approach to reversing questionable state property transactions suggests that reforms must be comprehensive rather than selective.

READ MORE: Ghana Needs Economic Shock Absorbers, Not IMF Interventions- Prof. Gatsi

Tags: Hon. Kabiru MahamaHon. Samuel Okudzeto AblakwaHon. Thomas Winsum AnabahKofi BentilMinistry of Foreign AffairsPEPsPolitically Exposed PersonsState Assets
Please login to join discussion
Previous Post

Finance Minister’s Pre-Budget Engagement: Genuine Consultation or Populism?

Next Post

Theresa Ayoade on Ghana’s Entertainment Industry

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Brexit Reset Talks Could Boost UK Exports
UK

Brexit Reset Talks Could Boost UK Exports

May 17, 2025
Gold reserves are responsible for cedi appreciation
General News

Cedi’s Fast Appreciation Raises Stability Concerns

May 17, 2025
34th Arab League Summit Held In Baghdad
Asia

34th Arab League Summit Held In Baghdad

May 17, 2025
Prof. Bokpin Backs Private Involvement in ECG’s Downstream Operations
Extractives/Energy

Prof. Bokpin Backs Private Involvement in ECG’s Downstream Operations

May 17, 2025
Cedi’s Sharp Rally May Not Last: Absa Bank Warns of Partial Reversal by Year-End
Economy

Cedi’s Sharp Rally May Not Last: Absa Bank Warns of Partial Reversal by Year-End

May 17, 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education,
Extractives/Energy

IMANI Boss Champions Energy Sector ‘RESET’ against ECG Privatisation

May 17, 2025
slide 2 of 6
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education,
Extractives/Energy

IMANI Boss Champions Energy Sector ‘RESET’ against ECG Privatisation

by Evans Junior OwuMay 17, 2025
Brexit Reset Talks Could Boost UK Exports
UK

Brexit Reset Talks Could Boost UK Exports

by Lawrence AnkutseMay 17, 2025
Gold reserves are responsible for cedi appreciation
General News

Cedi’s Fast Appreciation Raises Stability Concerns

by Lilian AhedorMay 17, 2025
34th Arab League Summit Held In Baghdad
Asia

34th Arab League Summit Held In Baghdad

by Comfort AmpomaaMay 17, 2025
Prof. Bokpin Backs Private Involvement in ECG’s Downstream Operations
Extractives/Energy

Prof. Bokpin Backs Private Involvement in ECG’s Downstream Operations

by Prince AgyapongMay 17, 2025
Cedi’s Sharp Rally May Not Last: Absa Bank Warns of Partial Reversal by Year-End
Economy

Cedi’s Sharp Rally May Not Last: Absa Bank Warns of Partial Reversal by Year-End

by Stephen M.CMay 17, 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education,
Extractives/Energy

IMANI Boss Champions Energy Sector ‘RESET’ against ECG Privatisation

by Evans Junior OwuMay 17, 2025
Brexit Reset Talks Could Boost UK Exports
UK

Brexit Reset Talks Could Boost UK Exports

by Lawrence AnkutseMay 17, 2025
slide 1 to 6 of 6
Brexit Reset Talks Could Boost UK Exports
Gold reserves are responsible for cedi appreciation
34th Arab League Summit Held In Baghdad
Prof. Bokpin Backs Private Involvement in ECG’s Downstream Operations
Cedi’s Sharp Rally May Not Last: Absa Bank Warns of Partial Reversal by Year-End
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education,
[/vc_row_inner]

Recent News

  • Brexit Reset Talks Could Boost UK Exports
  • Cedi’s Fast Appreciation Raises Stability Concerns
  • 34th Arab League Summit Held In Baghdad
  • Prof. Bokpin Backs Private Involvement in ECG’s Downstream Operations
  • Cedi’s Sharp Rally May Not Last: Absa Bank Warns of Partial Reversal by Year-End
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.