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Gifty Oware-Mensah used service allowances to secure GH¢30m ADB loan – Ayine alleges

June 13, 2025
GIFTY OAWARE-MENSAH

Gifty Oware-Mensah, former Deputy Executive Director of the National Service Authority (NSA), allegedly orchestrated a fraudulent scheme that led to the misappropriation of over GH¢30 million in public funds, Attorney General Dr Dominic Ayine has disclosed.

According to the minister, the revelation forms part of ongoing investigations by the Operation Recover All Loot (ORAL) taskforce into financial malfeasance at the NSA.

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Speaking at a press conference on Friday, June 13, 2025, the minister stated that Gifty Oware-Mensah used the National Service Personnel (NSP) allowance system by using it as security to secure a GH¢30,698,218.69 million loan from the Agricultural Development Bank (ADB) at a 23% interest rate.

“Some directors, such as Gifty Oware-Mensah, created and executed a meticulously detailed plan, using NSP allowances as security to obtain a loan of thirty million six hundred and ninety-eight thousand, two hundred and eighteen cedis, sixty-nine pesewas (GH¢30,698,218.69) from the Agricultural Development Bank (ADB) at an interest rate of twenty-three percent (23%).”

The minister further alleged that the former NSA official registered a company, “Blocks of Life Consult”, using the identities of individuals without their knowledge and presented it to ADB through a middleman, Maxwell Akwesi Ofori-Mintah.

According to him, over the 2022/2023 and 2023/2024 service years, Oware-Mensah used 9,934 ghost names to divert funds.

After ADB disbursed the loan, the funds were allegedly transferred to four company accounts: AMAECOM, Scafold, OTCHEY, and Aristo Logistics and Trading.

She allegedly transferred:

  • GH¢22,925,518.69 to AMAECOM (a company she is a director of),
  • GH¢1,000,000.00 to Scafold (linked to Abraham Gaisie),
  • GH¢1,572,700.00 to OTCHEY, and
  • GH¢5,200,000.00 to Aristo Logistics and Trading.

By: Rainbowradioonline.com/Ghana

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