KwabenA Agyapong ‘busts’ Ken Agyapong

• "Exposes false $3m campaign funding claims


Engineer Kwabena Agyei Agyapong is not taking the claim by the Assin Central Lawmaker Kennedy Agyapong of backing the NPP with three million US dollars to support the NPP in 1992 lying down.

The ex-General Secretary has hit back at the fact-twisting by Kennedy Agyapong, dismissing his assertion, asserting that it lacks validity, substance, and historical context.

He explained that three million dollars was an enormous amount of money back then, making it challenging for an individual to execute such a transaction through a bank.

Engineer Agyapong is determined not to let anyone manipulate and exploit the party’s history for their benefit.

He asserted, “I have been involved since the party’s inception, and therefore, I am a part of its history. I will not tolerate the distortion of the party’s history for political gain.”

Kwabena Agyapong was reacting to the allegation made by the Kencity Media Chairman.

During his interaction with the delegates, Kennedy Agyapong disclosed that he and his business associate, Oppong Bio, had backed the New Patriotic Party by securing a $3 million loan to support Adu Boahen in 1992.

Kwabena Agyapong maintains that he cannot acknowledge the assertion made by Kennedy Agyapong.

Here is a transcript of Kwabena Agyapong’s appearance on Hello FM…

‘I don’t want this to turn into a personal conflict between us, but we must be truthful. As someone closer member of the party’s elders at the time, I am aware of what occurred,

Back in 1992, even the thought of a hundred thousand dollars was unfathomable, let alone three million dollars.

“I had doubts about the claim because Kwame Pianim is still alive. He was the main fundraiser for the campaign, and President Akufo-Addo served as the campaign manager for Prof. Adu Boahen. I appeared on television, and I frequently visited Professor Adu Boahen’s home, but I never encountered him (Ken Agyapong) there,” he recounted.

Moreover, the campaign was so challenging that Professor Adu Boahen did not even have a vehicle. However, it was Kofi Nti Manu (Kofi Lee), a member of the Young Executive Forum, who arranged for an open-top Toyota Landcruiser from the USA for Prof, which was valued at $50,000, and provided an additional $10,000 in cash, not Kennedy Agyapong.

During that period, Landcruisers were scarce. It is easy to forget that we had just emerged from a period of military rule.

It’s difficult for me to believe because if someone had been given three million dollars during that era, they wouldn’t have needed a vehicle.

According to Kwabena Agyapong, Cal Bank did not exist in 1992. Furthermore, Fred Oware, who Ken Agyapong chose as his witness, was never an employee of the bank.

The bank that is now known as Cal Bank was called Continental Acceptance Limited at the time in question. It was later granted a license and became Cal Merchant Bank before becoming Cal Bank as it is known today. However, regardless of the bank’s name, Fred Oware was not an employee of Continental Acceptance Limited (now Cal Bank). It was actually Afari Donkoh who supported Prof Adu Boahen, and I am aware of this.

It’s hard for me to believe that $3 million dollars could have been exchanged during those days without anyone hearing or talking about it.

Have you heard about the Concordia case in 1996? It involved just USD 30,000 and it ended up in court. This was four years later.

He (Ken Agyapong) wants us to believe he was a founding member of the Young Executive Forum in America, but he was not. The group consisted of twenty members, and he was not one of them,” Kwabena Agyapong asserted.

Meanwhile, Kennedy Agyapong has acknowledged that most of the things Kwabena Agyapong said were factual.

He has said a lot of true things, and I won’t dispute that he has done a lot for the party. However, if you are a witness, you must testify about what the other person has done.”

During an address to NPP delegates on April 27th, Kennedy Agyapong responded to comments made by Kwabena Agyepong, stating that he would also like to set the record straight. Agyapong claimed that in 1992, he and Oppong Bio borrowed 3 million dollars from CalBank to support the NPP when Adu Boahen was elected flagbearer. He further stated that Kwabena Agyepong did not support Adu Boahen at the time and instead supported Dr Safo Adu. Agyapong, along with Dr Konadu Apraku and lawyer Kwadwo Afram Asiedu, even visited Adu Boahen’s bedroom, which Kwabena Agyepong could not do due to his lack of support for the candidate.


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