Initial reports suggested that the assembly had raised concerns over the missing amount, believed to be part of a GH¢8.6million loan for the KMA-Krofrom Market Project redevelopment.

Fidelity Bank clarified in a statement that no money was missing. They stated that the entire GH¢8.6 million disbursed for Phase 1 included both bank funds and KMA’s contribution.

“There is no missing or unaccounted-for amount of GH¢3.6 million as indicated in KMA’s release. The entire amount of GH¢8.6 million disbursed for Phase 1 of the project comprised GH¢4 million disbursed from Fidelity Bank’s approved facility of GH¢5 million and the KMA’s own funds of GH¢4.6 million disbursed from their contribution of GH¢5 million towards the project,” the statement read.