A three-member committee, has been commissioned to investigate allegations of financial malfeasance and gross mismanagement against the Managing Director (MD) of the State Housing Company (SHC).
Dr. Mark Nii Akwei Ankrah has, therefore, been asked to step aside to make way for investigations into the issue.
But insiders at the company are saying that the officer in-charge of finance, one Nartey, who have been appointed to act in his absence, equally has massive questions to answer about how the huge sums were allegedly embezzled, since Dr. Ankrah, could not have had access to the company’s cash without the involvement of the Financial Director.
Mr. Nartey, the acting MD, is also accused of victimizing female employees among other things, which The Herald is also investigating. It was argued that both men, should have been interdicted by the Ministry for a thorough probe without any attempt to cover up anything.
According to a Deputy Minister of Water Resources Works and Housing, Sampson Ahi, the inquiry was triggered by a complaint of embezzlement made against Dr Akwei Ankrah by workers of the company.
“He has been asked to step aside, because there were petitions from staff members of State Housing Company, complaining about the financial malfeasance by the MD,” the Deputy Minister said.
According to him, the committee has been given one month to submit their findings to the Ministry.
Mr. Ahi, further explained that the committee’s role is to “conduct investigation into the allegations to ascertain whether there is truth in it or it’s just a mere allegation against the Managing Director.”
The Deputy Minister said “that is the allegation in a petition submitted to my honourable Minister Collins Dauda and we consider it to be an allegation until the committee tasked to look into the matter comes out with their full report”.
Dr Ankrah, has also been accused of demanding and receiving an amount of GH¢36, 000 every month to pay for his phone bills.
A three-member committee was inaugurated last Friday to investigate allegations of financial malfeasance leveled against him.
The committee according to sources, would be chaired by a Director at the Ministry of Water Resources Works and Housing.
The source said the investigations were triggered by a formal complaint made to the Ministry by some staff members of the company.
The Ministry, has also dissolved the company’s Board with immediate effect.
Dr. Mark Nii Akwei Ankrah, when contacted by Citi news last Saturday 24, January 2015, denied the allegations, but refused to make any further comments on the matter.
The Herald, can report that the sacked MD is also alleged to have engaged in the business of selling bungalows belonging to the company to foreigners, who offer huge sums of money to the disadvantage of the Ghanaians living them, who are supposed to be given the first option of purchase.
The MD, The Herald learnt has been selling the buildings without giving any option or even prior notice to occupants of the buildings.
The motive of the foreigners is to buy the bungalows and later demolish it, and then put up magnificent property on the land for rent.
According to sources, the sale of the bungalows to foreigners is prevalent in Accra, Kumasi and Sunyani.
The Herald is reliably informed that aside the financial malfeasance allegations leveled against the sacked MD, he runs the state company as a property bequeathed to him by his family heads.
The Herald is also informed that anytime members of staff complaint about his management style; they are transferred outside Accra without any recourse to their immediate family.
For the past four years that the MD assumed office, motivation of staff has been so low that ground rent and rent are not being collected and people are living in the company bungalows, without paying a dime to the state.
The Herald learnt that majority of the capable hands, who can manage the company and make it viable by providing affordable housing units, have all resigned because of the management style of the MD.