KGL Group has strongly defended its role in the ongoing renegotiation of its agreement with the National Lottery Authority (NLA), insisting that it remains committed to Ghana’s development and will not be distracted by what it describes as attempts to undermine indigenous businesses.
In a statement signed by Dr. Razak Kojo Opoku, KGL dismissed allegations and criticisms from investigative outlet Fourth Estate, arguing that the media organization has consistently called for the complete abrogation of the NLA-KGL agreement without presenting substantial evidence to support its position.
According to the company, renegotiations surrounding the agreement are a serious national matter that should be handled through legal and institutional channels rather than through media campaigns and public commentary.
Committee Recommended Renegotiation, Not Cancellation.
KGL noted that President John Dramani Mahama, in the spirit of transparency and accountability, established a committee to review concerns surrounding the agreement.
The company emphasized that the committee’s findings did not support the outright cancellation of the contract as advocated by Fourth Estate. Instead, it recommended the continuation of the agreement while renegotiating its financial terms to ensure greater benefits for the Republic.
“KGL maintains that the committee called for a stay of the contract and subsequent renegotiation of the financial arrangements to benefit the Republic, not the termination of the deal,” the statement stressed.
Claims Against Committee Findings Rejected
The company accused Fourth Estate of misrepresenting the committee’s conclusions by suggesting they aligned with its earlier publications on the agreement.
KGL described such assertions as false and misleading, arguing that the committee’s recommendations differed significantly from Fourth Estate’s position, which it says focused solely on terminating the contract.
The statement further contended that the media outlet had labelled the agreement as “terrible” and persistently demanded its cancellation without advocating for renegotiation.
Focus Remains on National Development
KGL reiterated that all parties involved in the renegotiation process remain committed to reaching a legally sound and commercially beneficial outcome.
The company stated that while it appreciates the urgency surrounding the discussions, the process must respect the legal rights and obligations of all stakeholders involved.
“KGL is fully committed to the Republic and will not waste time responding to individuals or groups seeking to destroy indigenous businesses,” the statement concluded.
The renewed exchange between KGL and Fourth Estate highlights the continuing public debate over the NLA-KGL agreement, even as official renegotiation efforts remain underway.
