Aspiring KMA Mayor, Kennedy Kankam Indicted For Dishing Out Common Fund Cash As loans

Aspiring KMA Mayor, Kennedy Kankam Indicted For Dishing Out Common Fund Cash As loans
Kennedy Kwasi Kankam

 

 

The Audit Service has indicted former MP for Nhyiaeso Constituency in the Ashanti, Kennedy Kwasi Kankam for also misapplying his portion of the District Assembly Common Fund DACF meant for development projects. Mr. Kankam is alleged to have given instructions for an amount of GHS500,000 to be transferred from his share

 

of the DACF to a private bank, which he shared as loans to 430 people in his constituency in 2020. According to the audit report, several months after the amount was disbursed, no efforts too have been made to recover the money. Then Member of Parliament for the Nhyiaeso Hon. Kennedy Kwasi Kankam together with erstwhile

 

 

Finance Officer Daniel Kofi Kankam and Coordinating Director Mr Samuel Donkor transferred a total amount of GH₵500,000.00 from the MPs Constituency Labour Project Fund and Social Investment Fund to a privately-owned bank for onward disbursement to 430 people on loan, recoverable by August 2020. But as at the January

 

 

2021, no recovery had been made, thus exposing the Assembly to a high risk of losing the GHS500,000.00, which could have funded projects to the benefit of the entire community, the report noted. The Audit Service recommended that Mr. Kankam, and the officials also involved, should take steps to recover the amount into

 

 

the KMA MP for the Nhyiaeso’s Common Fund account. The audit report covered January to December 2020, on the utilization of the DACF and other statutory funds by the Kumasi Metropolitan Assembly. The report among other things uncovered several financial irregularities at the KMA with regard to the utilisation of the DACF also. Some infractions included payment of GH₵670,720.78

 

 

as judgment debt from the DACF instead of internally generated fund of the assembly, the overpayment of contract sums, failure to pay contractors on time also leading to the delay in completion of projects, among others. The infractions occurred under the leadership of Osei Assibey Antwi, the current Mayor of the Kumasi Metropolitan Assembly, who is seeking to be retained for the position in President Akufo Addo’s second term in office.

 

 

KMA Mayor Position

The report comes at a time when Mr. Kankam has been vetted for the position of Metropolitan Chief Executive for the Kumasi Metropolitan Assembly. The former MP is vying for the position alongside the current Mayor for KMA, Osei Assibey Antwi, after losing the New Patriotic Party’s primary ahead of the election 2020 to Stephen Amoah, who eventually replaced him as the MP for the Nhyiaeso Constituency and it is also unclear how this development will affect his chances of landing the KMA job.