The immediate past Chairman of the Operation Recover All Loot (ORAL) Committee and Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has disclosed that the government could potentially recover $21.19 billion from misappropriated state assets.
Speaking on the committee’s findings, Ablakwa revealed that after reviewing 36 major cases, including high-value financial losses and land-related loots, the committee identified substantial recoverable funds.
“In total, considering the 36 cases, the high-value cases we’ve identified, and the land-related loots, we can potentially raise about $21.19 billion. This amount far exceeds what we’ve been negotiating with the International Monetary Fund (IMF) under stringent conditions,” he stated.
Mr Ablakwa also expressed gratitude to former President John Mahama and his team for initiating the ORAL project, which he believes has been instrumental in the country’s fight against corruption.
“We want to extend our sincere appreciation to President Mahama and his team for this initiative, which has truly served Ghana well.”
Looking ahead, he expressed confidence in the next phase of the recovery process, even though his team will no longer be directly involved.
“We look forward to the next phase. Although we won’t be directly involved, we are confident that it will be successful in ensuring that resources rightfully belonging to Ghanaians are returned to the national coffers,” he added.
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