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Friday, July 13, 2012

€94 million payment to CP was the best for Ghana - Betty Mould

€94 million payment to CP was the best for Ghana - Betty Mould
Mrs. Betty Mould Iddrissu
The former Attorney General Mrs Betty Mould Iddrissu has stated that the €94 million settlement awarded to Construction Pioneers was the best settlement the AG's office undertook at that time.

Mrs. Mould-Iddrisu was answering questions before the Public Accounts Committee of Parliament Thursday, to respond to issues surrounding the settlement debt awarded to the construction company, CP.

According to her, “Ghana benefited a reduction from $162 million to $80 million as far I was concerned, a freeze on the spiraling interest payment and we were also to spread payment over a period of two and half years”.

She stated that settlement to CP was a must as far ending the litigation between government and CP was concerned, hence she took that opportunity, one she says, was a bold one.

The former AG also stated that the Ghana Bar Association Code of Ethics Section 48 says that “When you can settle, you do so; but when you don’t then it becomes misconduct on the part of the lawyer”.

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