Ibrahim Mahama named in latest investigative piece ‘Paradise Papers’

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Mr Ibrahim Mahama, the Chief Executive Officer of Engineers & Planners Company Limited, has been named in the latest investigative piece, dubbed the Paradise papers and authored by the International Consortium of Investigative Journalists (ICIJ) on offshore business.

The Paradise Papers, released on Sunday November 5, 2017 by the group of international investigative journalists reveals the offshore links of some of the globe’s most prominent figures.

It reveals offshore interests and activities of more than 120 politicians and world leaders, including Queen Elizabeth II, and 13 advisers, major donors and members of U.S. President Donald J. Trump

It also exposes the tax engineering of more than 100 multinational corporations, including Apple, Nike and Botox-maker Allergan.

Ibrahim Mahama

In the case of Mr Ibrahim Mahama, he is described in the report as being ranked by Appleby with his companies as a high risk due to his relationship to the then-president and allegations in local media that government funds were being used to repay the company’s multimillion-dollar bank loan.

The company has however denied any wrongdoing.

Mr Mahama is a brother of former President John Mahama and was recently investigated by the Economic and Organised Crimes Office (EOCO) for allegedly issuing bad cheques.

Early this year, his company was taken to court for allegedly not paying social security payments to staff; the case was later settled.

The data provided on him in the report states that in 2013, representatives of Mr Ibrahim Mahama and his contracting company Engineers and Planners Company Limited contacted Appleby about creating two offshore companies in the Isle of Man but ended up creating only one. That company, Red Sky Aviation Limited, was used to hold a $7 million Bombardier Challenger jet.

The second company was intended for “consulting services in the oil and gas mining infrastructure development and real estate sectors of the Ghanaian economy.” 
Appleby ranked Mr Mahama and his companies as a high risk due to his relationship to the then-president and allegations in local media that government funds were being used to repay the company’s multimillion-dollar bank loan. Mahama’s company denied any wrongdoing.


A representative of Engineers & Planners Company Limited declined to respond to specific questions and told ICIJ that there was nothing illegal in the use of offshore companies.


A disclaimer posted by ICIJ explains that there are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any people, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities located in the database based on addresses or other identifiable information. If you find an error in the database please get in touch with us.

ABOUT: Nana Kwesi Coomson

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A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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