Minority Leader, Alexander Afenyo-Markin (MP) has laid to rest claims he is heavily indebted to a bank in Ghana.
His clarification comes days after a report surfaced on the internet which showed the some business of the MP owe significant debts to a bank in Ghana.
The legislature disclosed that the publication was nearly a decade old and that he had long ago settled his debt with the bank.
“In the life of every business, you go through low moments,” he stated. “I started dealing with Access Bank and Intercontinental Bank in 2009. They financed some trucks for my business. Along the line, we defaulted on loan repayments, and we even sued Access Bank on some issues. However, we resolved it and settled the matter legally,” Afenyo-Markin revealed in an interview.
The MP clarified that while his companies had financial struggles around 2014-2015, they had since cleared all debts. “Access Bank was paid long ago. My company does not owe them. Both Square Logistics and Excel Courier fully settled their obligations,” he confirmed.
“We owed Standard Chartered and defaulted, but we finished paying over $4 million. Our loan with NIB was also fully settled. When you pay off your loan, the bank releases your collateral and notifies the credit bureau that you no longer owe,” he explained.
The MP added that just like any business man, he has been in debt but at the moment, he has settled all debts.
“It’s normal for businesses to owe at some point, but what matters is that I paid. I am a person of substance, and I stand by my assets,” he stated.
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My company had outstanding loans with Access Bank, but I have fully paid them off… – Alexander Afenyo-Markin (Minority Leader) #GHOneNews #EIBNetwork #GHOneTV #NewsAlert @Lanttam pic.twitter.com/5AT467Qv9r
— GHOne TV (@ghonetv) February 4, 2025
