Sheikh Al Maktoum refunds $2.4M to Ghana after botched Sputnik V deal

Sheikh Ahmed Dalmook Al Maktoum, the Dubai-based businessman the Ministry of Health contacted for the procurement of 300,000 doses of the Sputnik V vaccine, has refunded $2,470,000 to Ghana, according to documents sighted by Citi News.

In a letter from Sheikh Al Maktoum, he said no funds had been drawn under the Letter of Credit.

He also said the Letter of Credit stands expired, as of June 2021.

Sheikh Al Maktoum is expecting a payment receipt once the funds have been credited into the government bank account.

Ghana had already taken delivery of 20,000 out of 300,000 doses of the vaccine expected.

Sheikh Al Maktoum had been paid $2,850,000 for his services.

The Minister of Health, Kwaku Agyeman Manu, has been under fire because of this transaction with calls for his resignation.

The controversy began when a Norwegian newspaper, VG, reported that the government was using the services of middlemen to procure 3.4 million doses of Russia’s Sputnik-V vaccines.

But this was at a higher cost of $19 other than the original factory price of $10.

This prompted calls for the abrogation of the procurement contract.

The Minister had earlier claimed that the state had not made any payments for the vaccine.

The Health Committee in Parliament had also said the government was not being ripped off in the deal with its chairman, Dr. Nana Ayew Afriyie saying that the Russian Direct Investment Fund (RDIF) and the procurement of the Sputnik-V vaccines require the use of middlemen whose activities will lead to an increase in the original price.

Dr. Afriyie also said no consignment has been received.

But a parliamentary committee set up to probe the deal indicated that $2,850,000 representing 50 percent of the US$5,700,000 owed to Sheikh Maktoum for the eventual supply of 300,000 doses of Sputnik V vaccine was actually paid to him, although only 20,000 doses were delivered.

The contract, according to Ghana’s Health Minister, was abrogated by Sheikh Ahmed after failure to meet his obligation.

Source: citinewsroom.com

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