Mr Alfred Agbesi Woyome, a businessman, on Monday told the Financial Court that the initial funding for the CAN 2008 projects were to come from the Ghana’s oil find.
He said because that arrangement could not materialize, the then government asked companies which would be interested in bidding for the project to show that they could fund the projects.
Mr Woyome made the statement when he continued with his evidence at the ongoing trial at the Financial Court.
Mr Woyome is standing trial for defrauding by false pretences, and causing financial loss to the State.
He has pleaded not guilty to the charges, and is on a 20-million-cedi bail with three sureties to be justified.
Mr Woyome also revealed that he supported the Local Organising Committee (LOC) of CAN 2008 and initiated the bidding process that resulted in the establishment of companies to build the various infrastructures to make Ghana a sports tourism destination.
He said during the bidding process, Mr Osei Bonsu Amoah, a former Deputy Minister of Education and Sports, wrote to the companies to provide proof of funding because the bidding process would be competitive and the project would be awarded to those who were serious to undertake the task.
He stated that when he received the notification from the former Deputy Minister, he later had a meeting with the Ministry of Finance and told them that the directive from Mr O.B Amoah could not hold because Ghana had gone HIPC.
Mr Woyome further stated that the government together with the LOC upon his suggestion started to source for alternative funding for the projects.
He said later Mr Amoah and Mr Agyemang Manu, a former Deputy Minister of Finance, wrote separate letters to the US Department of Commerce and Bank Austria, introducing Woyome to them since he (Woyome) had already been working with those institutions.
He said after the introduction letter “I had to make effort to provide funding to my companies, setup offices in Washington D.C, Austria, Switzerland and Rome to ensure that the funds being sourced from Bank Austria and US Department of Commerce materialised.”
The Court Presided over by Justice John Ajet-Nassam adjourned the case to May 19, 2014. GNA