It will be a difficult task for the Attorney-General, Dr Dominic Ayine to recover 12.5% of the $21 billion-plus that the Operation Recover All Loots (ORAL) committee says was looted by members or assigns of the former government, a Vice President of IMANI Africa Bright Simons has said.
Bright Simons explains that a big part of the ORAL-estimated "loot" relates to fiscally messed-up policies and not funds lodged somewhere that can be "recovered" through prosecutions and plea bargain deals.
The ORAL Committee says it has identified $21.19 billion in potential recoveries from looted state assets and undervalued land sales.
During the presentation of the committee's report to the President at the seat of Government in Accra on Monday, February 10, ORAL Chairman Samuel Okudzeto Ablakwa said that if the country is able to recover this amount, there will be no need to go to the International Moneyray Fund for support. "If we are successful in recoveries, we can retrieve as much as 20.49 billion United States dollars," he stated.