Very focused KGL won’t waste time on falsehood peddlers — Dr. Razak Opoku

KGL Group has reaffirmed its commitment to Ghana and dismissed what it described as persistent attempts by some individuals and organisations to undermine indigenous businesses, insisting that discussions surrounding the National Lottery Authority (NLA) partnership should be conducted through appropriate legal and commercial channels rather than in the media.

The company stressed that it remains a proud headline sponsor of the Black Stars and a committed corporate partner in Ghana's development.

“KGL is a proud headline sponsor of the Ghana Black Stars and is fully committed to the Republic and will never waste its time on those who seek to undermine and destroy indigenous businesses.

“Renegotiations are not done on social media or at the headquarters of the Fourth Estate. This is an important national exercise, devoid of sensationalism, propaganda, and the twisting of narratives.”

In a statement signed by Dr Razak Kojo Opoku, KGL accused The Fourth Estate of being selective with the facts and maintaining a narrative that has not been supported by credible evidence.

According to the statement, The Fourth Estate has consistently advocated for the termination of the NLA KGL agreement since it first began reporting on the matter.

“Right from the beginning, the Fourth Estate has been calling for the abrogation of the NLA-KGL deal.

“At the Fourth Estate, the deal was a terrible one. However, this description has never been backed with any reasonable conclusion or substantial evidence by the Fourth Estate. Its surrogates have also never been able to back their claim.”

The statement further argued that concerns surrounding the agreement were subjected to an independent review process after President John Dramani Mahama directed that a committee be established to examine the transaction and address public concerns.

According to KGL, the committee's findings did not support calls for the cancellation of the contract but rather recommended a continuation of the contract.

“The Committee set up by the President rather called for the stay of the contract and the subsequent renegotiation of the financials to benefit the Republic, not only the NLA.

“The Fourth Estate notable for its lack of integrity and professionalism has gone to town again, peddling barefaced lies to the effect that the Committee's conclusion matches theirs. But it must be unequivocally stated that it is absolutely false for anyone at the Fourth Estate to claim that the Committee's conclusion was consistent with the revelations made by the Fourth Estate in its series of publications against KGL.”

The company maintained that The Fourth Estate's position had always been centred on terminating the agreement rather than pursuing reforms through renegotiation.

It said the publication had repeatedly characterised the NLA KGL partnership as a bad deal and consistently called for its cancellation.

“It never called for renegotiation but abrogation.”

KGL further suggested that if the recommendations put forward by The Fourth Estate had carried significant merit, they would have been considered as part of the ongoing renegotiation process.

“Again, if they were that consequential, it would have been considered as part of the ongoing renegotiation.”

The company urged critics and interested parties to allow the committee and stakeholders involved in the process to carry out their work without undue pressure or interference.

It stressed that all parties remain committed to achieving a fair and legally sound outcome through the ongoing review of the agreement.

“All the parties to the renegotiation of the NLA-KGL deal are fully committed to the ongoing legal and commercial exercise. All parties sincerely appreciate the urgency of this important renegotiation, but this is strictly a legal and commercial agreement that must adhere to the legal rights of each party in the renegotiation.”

KGL concluded by reiterating that the renegotiation process should be guided by legal and commercial considerations rather than public campaigns, insisting that any final outcome must protect both the interests of the Republic and the contractual rights of all parties involved.