Samuel Okudzeto Ablakwa, Minister of Foreign Affairs and former Chairman of the Operation Recover All Loot (ORAL) Committee, has disclosed that Ghana stands to recover an estimated $21.19 billion if ongoing investigations into 36 high-profile cases of financial malfeasance and state land capture are successfully pursued.
Speaking during the official presentation of the ORAL Committee's report to President John Dramani Mahama, the North Tongu MP outlined the potential financial recoveries, which he said could significantly reduce the country's reliance on International Monetary Fund (IMF) support and its associated conditionalities. "The 36 cases that we have reviewed in detail if we are successful in recoveries we can retrieve as much as $20.49 billion.
The is from the national cathedral, PDS, SML, GNPC Saltpond decommissioning among others," he stated.
In addition to the financial recoveries from these cases, the committee also estimated that Ghana could retrieve approximately $702.8 million from the restitution of looted state lands.
