More On Bus Branding Deal: Smarttys Pays First Installment Of Refund Cash As Agreed


As agreed, Smarttys Management has paid the first installment of the refunds on the overpaid amount for the bus re-branding deal. A letter directed to the Economic and Organized Crime Office (EOCO) reads in part:

”See attached a cheque intended as the settling of the agreed first instalment of three hundred thousand cedis drawn on the client’s account of Cromwell Gray LLP”.

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The letter was signed by a lawyer for Smarttys Management Production, Mr Kissi Agyebeng, with a cheque of GHC 300,000 attached to it. On January 7, a letter had been addressed to Mr Kissi Agyebeng by the Attorney General and Minister of Justice, Ms Marietta Brew Appiah-Oppong saying that GHC1,548,608.04 had been arrived at as the amount to be refunded by Smarttys Management and Production Limited.

”In consultation with the Ministry of Transport and the Ministry of Finance, this amount was arrived at taking into consideration the following factors raised in your letter, revised value added tax position, revised withholding tax position and a set off of GH¢27,173.74 withholding tax over deductions”, the letter continued

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The amount to be refunded was agreed to be paid on or before Mach 31. Also, all payments were to be made to EOCO.

The Chief of Staff had directed the Attorney General and the Minister of Justice to recover the amount of GHC 1.9million from Smarttys after it was discovered that the bus re-branding deal cost close to GHC 3.6million.

The re-branding of Chinese Huanghai buses with the faces of Ghana’s past leaders and the present President Mahama, which was initially estimated at GHC 3.6million drew a lot of negative remarks on the then Transport Minister Mrs. Diza Attivor. The scandal drew so much criticism from the people who did not rest until she resigned from office.

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