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#213956 by Bryon Williams Fri Aug 08, 2014 2:17 pm
Subject: Attention:Sir,
From: MONETARY COMMITTEE [email protected]

Our Ref: emfc/pymt-ltgh369852/2014



We wish to inform you that sequel to several meetings and a consensus
reached,an instructions has been issued by the central government in
West Africa for the first quarter payment of this 2013 fiscal year,due
to logistic reasons we hereby initiate a payment procedure to
contractors who has been in wrong hands as assumed payment officers
and long overdue funds which includes your payment.

This is limited to only foreign beneficiaries/contractors owed by the
government and its key agencies.

Due to overwhelming influx of responsibilities for the government to
contribute to this years budgetary policies and re-capitalization of
government reserve account, we have nominated a bank International
Commercial Bank in Ghana to undertake this lead role, The track
records qualified the bank in Ghana where government has a grant
reserve account as payment center. This bank has been proactive in
providing stable framework for the economic development of Ghana
through the effective, efficient and transparent implementation and
exchange rate policy including management in the financial sector.

We are applying wire transfer system with the derivative of full
payment in your favor. The paying bank in Ghana shall commence
communication with you to finalize on the payment of US$3.500.000
(Three Million Five Hundred Thousand United States Dollars)only as
approved this quarter of the year. You are therefore advised to liaise
with my office in confirming your readiness for immediate conclusion
of fund transaction.

To reduce the stock of outstanding foreign dominated debts in order to
alleviate the debt-servicing burden, expedite and as well will ensure
the realization of the payment process within a practicable period of
time once we finalize all documentation with the paying bank.

We also request you strictly keep all local representatives blind as
this will enable this initiative work without distraction.

Once more we wish you the best as you conclude this transaction.

Yours Truly,

Yusuf Damanadani ESQ.

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