I Hold No Grudge Against Kufuor – Tsatsu

A former Chief Executive Officer of the Ghana National Petroleum Corporation, (GNPC) who was once imprisoned under the


Kufuor regime, for causing financial loss to the state, Lawyer Tsatsu Tsikata has indicated that although he suffered bitter experiences under that regime, he does not hold any bitter feelings against past President John Agyekum Kufuor.


In June 2008, Mr. Tsatsu Tsikata was jailed by an Accra Fast Track High Court, presided over by Mrs. Justice Henrrieta Abban for willfully causing financial loss to the state of GH¢ 230,000 (2.3 billion old cedis) to the State through a loan he, on behalf of GNPC, guaranteed for Valley Farms, a private company, and misapplying public property/funds.

Tsatsu Tsikata was during the end of hearing found guilty on three counts of causing financial loss to the State and one count of misapplying public property and hence had to face a jail term of five years to run concurrently.

The fine gentleman was said to have consciously misapplied GH¢ 2,000 (20 million old cedis) to acquire shares in Valley Farms after Valley Farm contracted the loan from Caisse Centrale, now Agence Française de Développement (ADF), but defaulted in the payment, compelling GNPC as the guarantors, to pay the loan in 1996.

But he pleaded not guilty, was granted presidential pardon in January 2009, by then President Kufuor, after he had an asthmatic attack in prison which nearly took his life.


Meanwhile on Citi FM’s ‘Time with the Legend’ segment on the Citi Breakfast Show  Mr. Tsatsu Tsikata said that he bears no grudge against former President Kufuor for that act.

“I have known him [Kufuor] also for a long time; I don’t bear him any grudge and truly I have seen him recently and we’ve exchanged greetings,’ he said.

According to Tsikata though they have not been close friends, but through mutual relations.

“… And so I don’t have any feeling of bitterness against him at all” he said.


Source: Newsghana.com.gh


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