The Vice President Dr Mahamudu Bawumia has courted the anger of the Minority in Parliament in his response to their queries of the $2.25 billion bond sold to investment fund Franklyn Templeton at 19%. The minority insists the vice president was unpresidential in his comments which referred to the minority as “ignorant” people who lacked … Read more
Bolgatanga Central MP Issac Adongo has asked the general public to disregard remarks by Vice President Dr Mahamudu Bawumia to the effect that the Minority in Parliament are an “ignorant” bunch who do not “understand” the processes of managing the economy. According to him, the Vice President has gained notoriety for failing to address core … Read more
Keta MP Richard Quashigah has demanded an apology from Vice President Dr Mahamudu Bawumia for describing the Minority in Parliament as “ignorant”. Speaking to the media in Washington DC about the Minority’s claim that the recent $2.25billion domestic bond issued by the Akufo-Addo government was done in “secrecy”, without parliamentary approval, and “cooked” to favour … Read more
Finance Minister Ken Ofori-Atta must resign over the alleged conflict of interest situation in which he has engrossed himself as far as the recent issuance of government’s $2.25 billion domestic bond is concerned, the UK/Ireland branch of the main opposition National Democratic Congress (NDC) has said. The group’s call follows a recent press conference held … Read more
The Minority in Parliament has said the Ministry of Finance (MoF) must “come again” and explain to the public, the processes leading to the recent issuance of a $2.25billion domestic bond and the “conflict of interest situations arising out the transaction.” The Minority, in an earlier press conference claimed that the bond was issued in … Read more
The Vice President, Alhaji Dr Mahamudu Bawumia has expressed worry about the Minority in Parliament’s criticism of the recent 15-year cedi bond sale, describing it as a show of mischief and ignorance. To him, the Minority was showing “ignorance” and do not “understand” the processes of managing the economy and therefore suggested to them that, they … Read more
Vice President Dr Mahamudu Bawumia has described the Minority as an “ignorant” bunch who do not “understand” the processes of managing the economy, thus, must do some reading to educate themselves. Speaking to the media in Washington DC about the Minority’s claim that the recent $2.25billion domestic bond issued by the Akufo-Addo government was done … Read more
We have observed with a sense of amusement the controversy that has erupted as a result of the press conference held by the National Democratic Congress (NDC) on Tuesday, April 18, 2017, at which leading members of the main opposition party took issue with the recent long-term cedi-denominated bonds issued by the Government of Ghana … Read more
The statement issued by the Ministry of Finance attempting to clarify issues surrounding the $2.25 billion bond fails to answer the fundamental questions that have been raised by Minority MPs, Cassiel Ato Forson, a former Deputy Minister of Finance, has said. According to him, the government has cleverly run away from the core issues that … Read more
The Ministry of Finance has responded to recent allegations by the Minority in Parliament that the April 3 bond issued by government was skewed in the favour of cronies and relatives of the Minister of Finance. At a press conference addressed on Tuesday, April 18 by former Deputy Finance Minister Cassiel Ato Forson, the Minority … Read more
Finance Minister, Ken Ofori-Atta has been asked to resign over allegations of conflict of interest in the issuance of the $2.25bn bond. The NDC Minority MPs in Parliament have found him guilty by for issuing and closing within a day, a bond which was supposed to last for a minimum of three days. Investigations by … Read more
A deputy Finance Minister Abena Osei Asare is accusing the minority of deception over claims of conflict of interest against her boss Ken Ofori-Atta. The minority at a press briefing on Tuesday, April 18, 2017 cited the finance minister for conflict of interest and lack of transparency in the issuance of $2.25 billion 15-year bond. … Read more
Kwasi Ameyaw-Cheremeh, Sunyani East MP, has said the allegation by the NDC’s Cassiel Ato Forson that Finance Minister Ken Ofori-Atta has conflicted himself in the issuance of the $2.25bn bond is unfounded. Mr Forson has said it is strange for a bond to be issued and closed within a day, contrary to the normal practice … Read more
Deputy Information Minister Kojo Oppong-Nkrumah says “nothing untoward” happened with the $2.25 billion bond issued by government to arrest Ghana’s suffocating debt burden. Speaking to Joy News, he said the issues raised by the minority in Parliament over the bond are aimed at taking the shine away from the successes chalked by President Nana Addo Dankwa Akufo-Addo within … Read more
The US$2.25 billion domestic bond issued recently by the government of Ghana did not need to go to parliament for approval, Minister of Monitoring and Evaluation, Dr Anthony Akoto Osei has said in response to a demand by the Minority in Parliament that the bond issue should have gone to the chamber. Also, the Minority … Read more
The Minority in Parliament is calling for a full-scale parliamentary inquiry into an allegation of conflict of interest levelled against the Minister of Finance concerning the recent $2.25 billion domestic bond issued by the government. It is the case of the Minority that Mr Ken Ofori-Atta cooked the bond for his friends and cronies, as … Read more
The Minority in Parliament has accused Finance Minister Ken Ofori-Atta of engaging in a conflict of interest situation as far as government’s recent issuance of a $US2.25billion 15-year bond is concerned. The Minority, at a press conference on Tuesday said US-based firm Franklyn Templeton Investment Limited, which bought almost 95 percent of the domestic bond, … Read more
Deputy Information Minister Kojo Oppong-Nkrumah says “nothing untoward” happened with the $2.25 billion bond issued by government to arrest Ghana’s suffocating debt burden. Speaking to Joy News, he said the issues raised by the minority in Parliament over the bond are aimed at taking the shine away from the successes chalked by President Nana Addo … Read more
The Minority in Parliament says it will petition the Financial Services Authority of the United States of America for a conflict of interest situation involving Ghana’s Finance Minister Ken Ofori-Atta. The Minority says this will follow a full-scale parliamentary inquiry, it is demanding, into the issue. At a news conference on Tuesday, April 18, Minority’s … Read more
The Minority in Parliament has asked for a probe into government’s local bond issued some days ago, citing a conflict of interest situation involving the Attorney-General (A-G). The National Democratic Congress (NDC) MPs at a news conference in Accra Tuesday said the bond issued by the Finance Minister Ken Ofori-Atta also lacked transparency. Former Deputy … Read more