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Ken Ofori-Atta to face-off Parliament today to account for the $2.25bn bond

The Minister of Finance, Hon. Ken Ofori-Atta as summoned by Parliament in a week ultimatum to give a full account on the $2.25 billion bond, today, Wednesday, 7, is the day he’s expected to appear before Parliament to disclose the full details of this controversial bond issued by the government in April 2017.

Lots of Concerns have been raised about the transparency of the $2.25 billion domestic bond government issued, with some noting that the alleged secrecy over the deal fueled the allegations of conflict of interest against the Finance Minister, Ken Ofori Atta.

Following a half-hour motion filed by the Minority Leader, Hon. Haruna Iddrisu which was passed last week by the House, to summon the Finance Minister in other to provide the full complement of documentation related to the issuance, the participants, the utilization of proceeds and the currency in which the bond was settled.

The argument of this motion was that, because the House approved the Appropriation Bill, any government expenditure in relation to it must come to Parliament.

The Minority also believes a non-executive director on the Board of Investment Firm, Franklin Templeton, which purchased 95 percent of the bond, is also the Chairman of the Enterprise Group, which has links to the Attorney-General and the Finance Minister.
Well, this is sure the day to unravel all the mysteries and controversies surrounding this huge bond, I bet the country is ready to hear the Finance Minister this afternoon, as he gives a proper account to it clarification.

Story: Blessing Roselyn Boateng

 

Exclusively Newslinegh

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Newslinegh.com is run by a network of politically non-aligned and progressive Ghanaian citizen Journalists, who are committed to affecting positive change, promoting national development and improving information access.

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