• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, May 7, 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 General News

Investor Alleges Bribe Demand From Ten Government Officials

M.Cby M.C
November 27, 2020
Reading Time: 3 mins read
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.

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.

ADVERTISEMENT

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.

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Alafei Foods Company LimitedBriberyinvestors
Share6Tweet4Share1SendSend
Please login to join discussion
Previous Post

We need an industrial bank- AGI

Next Post

We’re Digitizing the Economy – Dr. Bawumia

Related Posts

A picture frame of Prof Akosah's Committe Finding
General News

Charles Amissah Died due to Medical Neglect – Prof Akosah’s Committee Report

May 6, 2026
Honourable Ahmed Ibrahim, Minister for Local Government, Chieftaincy and Religious Affairs
General News

Ahmed Ibrahim Details Stalled Kejetia And Takoradi Market Projects

May 6, 2026
Supreme-Court Judges
General News

Fourteen CSOs Join Supreme Court Suit Challenging OSP’s Prosecutorial Powers

May 6, 2026
Weija Paediatric Hospital Project
General News

Ministry of Health Promises Action on Delayed Weija Paediatric Hospital Project

May 6, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Australia’s Greens Party

Greens Urge Labor to Deliver Budget for People, Not Elites

May 7, 2026
PSG eliminate Bayern Munich to seal a second UCL final in succession

PSG Beat Bayern, Set up UCL Final With Arsenal

May 6, 2026
Dr. Andy Osei Okrah, TCDA CEO, signs MoU with Mr. Kirk Agyekum, PABD CEO

New TCDA Pacts Target Soil Recovery And Apiculture Profits

May 6, 2026
US President, Donald Trump.

Trump Touts New Ballroom Project

May 6, 2026
images 14

Madrid Mayor Blasts UEFA After Atlético’s UCL Exit

May 6, 2026
Next Post
We’re Digitizing the Economy - Dr. Bawumia

We’re Digitizing the Economy - Dr. Bawumia

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