The Economic and Organised Crimes Office has exonerated the Bank of Ghana (BoG) of any wrong doing in the contract awarded for the Mobile Money interoperability(MMI) platform.

One of the companies that lost the bid petitioned the EOCO alleging procurement and administrative breaches leading up to the award of the contract.

But a report cited by the host of an Accra based Joy FM, news analysis programme, Newsfile, Samson Lardy Anyenin  said the bank of Ghana acted within its mandate in the award of the contract.

“The investigations established that the BoG complied with its statutory duty by ensuring that the tender was duly processed by the procurement unit and evaluated by an appropriate evaluation panel”.

Mr Anyenini said the report established that the threshold limited for the procurement fell within the governance approval limited.

“This is the allegation, breach of statutory duty to revive and refer to the central tender review committee, for a concurrent approval of the purported award to the Sibton Switch Systems limited in the amount of 4.6m which way over and above the permissible approval of the threshold and limit of both the head of entity and the Ghana entity committee. …. And this was the finding; it established that the threshold limited for the procurement fell within the governance approval limited” he read.