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Sputnik V deal: Ghana will receive $2.4 million in refunds from Sheikh Al Maktoum following negotiations

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Sheikh Ahmed Dalmook Al Maktoum, the businessman based in Dubai whom Ghana contacted for two mishandled procurements of 300,000 doses of the Sputnik V vaccine, has agreed to refund the amount of $2,470,000 to Ghana.

This was after the Ministry wrote to him for a refund.

A letter sent to the businessman from the Minister, Kwaku Agyemang Manu, on August 2, 2021, requested a refund of the amount paid for not yet delivered vaccine doses.

Mr. Kwaku Agyemang Manu in the letter said, “By this letter, I also wish to formally request for the refund of the remaining amount for the non-supplied doses, which should be the total amount paid to your office minus the amount due for the 20,000 doses you already supplied, in line with your earlier e-mail dated 25th July 2021 in which it was affirmed that on the 13th of April 2021, funds were transferred into your accounts as fifty percent (50%) advance for the initial batch of 300,000 doses.”

According to a letter sighted by TV Africa News, the businessman has agreed to refund the money to Ghana.

Accordingly, he requested that the Ministry confirm the refund amount and describe the financial institution through which it should be processed.


“We acknowledge receipt of your letter, Ref No. MOIVOM/LL1/7/2I, dated 2nd of August 2021, with a formal request to refund the remaining amount of the non-supplied doses from the 50% advance transferred to our accounts.”

We, hereby, request to kindly acknowledge and confirm the above-mentioned amounts to be refunded, further to which we shall initiate the refund process to your bank account. Please share with us the bank details where the refund needs to be processed.”

Statement by HH-Shaikh-Ahmed-Bin-Dalmook-Al-Maktoum

Ghana paid $2.8M in botched Sputnik V vaccine deal – Report reveals

Apparently, Ghana paid more than US$2.8 million to Sheikh Al Maktoum for the Sputnik V vaccine.

Kwaku Agyeman Manu, deputy minister of health, had stated earlier that the state has not paid for the vaccine through a Dubai-based businessman, Sheikh Al Maktoum.

The nine-member ad-hoc parliamentary committee set up to probe the controversial Sputnik V vaccine procurement deal in their final report indicated that US$2,850,000 representing 50% of the US$5,700,000 owed to Sheikh Dalmook Al Maktoum for the eventual supply of 300,000 doses of Sputnik V vaccine was actually paid to him.

“According to the Bank of Ghana in its letter of 31st March 2021, out of the total amount of US$5,700,000.00 owed to Sheikh Al Maktoum, an amount of US$2,850,000.00 representing 50% has been paid to him and that translates into a Cedi equivalent of GH¢16,331,640.00 converted at the exchange rate of US$1 to GH¢5.73,” the report said.

Thus, the committee asked the Minister of Finance, Ken Ofori-Atta, to retrieve the money.


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