Exim Board Member Hot Over Breach


His name is Ernest D. Akore. He is a Technical Advisor to the Minister for Finance and sits on the Ghana Revenue Authority (GRA) Board as a Representative – Ministry of Finance, a position.

Intriguingly, he has held that position illegally since Professor Adei became chairman of the board.

The GRA Act states that persons of the rank of Directors and above should be on the GRA Board. Unfortunately, in the case of Ministry of Finance, Mr. Akore, who is only a Technical Advisor, is the representative.

According to sources, the position of a Technical Advisor is not a line authority and, therefore, technically does not qualify a person to be on the GRA Board. Yet, he was allowed.

As if the shamelessly unethical and the act of bypassing regulations, without respect for law, were not enough, it is turning out that the same Ernest D. Akore is a Representative – Ministry of Finance on the Ghana EXIM Bank Board.

On the website of the Ghana EXIM Bank, specifically Board of Directors, it states

The President in accordance with Article 70 of the Constitution appoints the Chairperson and other members of the Board. Members shall consist of:

  • 1. A Chairperson
  • 2. The Chief Executive Officer
  • 3. A representative not below the rank of Director from the Ministries of Finance and Trade and Industry.
  • 4. A representative not below the rank of Director from the Bank of Ghana and the Ghana Export Promotion Authority.
  • 5. A representative of recognized major private sector industry associations.
  • 6. Two other persons from the private sector one of whom must be a woman.

In compliance with law, Mr. Robert Ahomka-Lindsay, former Deputy Minister is listed as the Representative – Ministry of Trade & Industry and Mrs. Elsie Addo Awadzi, the Second Deputy Governor of the Bank of Ghana is also listed as Representative – Bank of Ghana.

Again, Dr. Afua Asabea Asare, the Chief Executive Officer, Ghana Export Promotion Authority (GEPA) is listed as Representative – Ghana Export Promotion Authority.

More soon