$2.25Bn Bond: Kwaku Baako claims to have more info

63 total views, 2 views today

Visit: www.glorynewsonline.com for Gospel Happenings

Contrary to information from Government of Ghana (GoG) only five investors showed  interest in the  controversial  $2.25 bond transaction, it has now been established  that the number was more  than what had  been  in the public domain.

“I can tell you more than forty investors took part in this particular bond transaction. I have the list here from the Central Security Depository of the Ghana Stock Exchange”, Editor-in-chief of the Crusading Guide newspaper, Abdul Kweku Baako revealed.

“I have got it here but I cannot show it to anybody. …the list of participants “he added.

The minority National Democratic Congress (NDC) have accused the Finance Minister Ken Ofori-Atta of shielding information regarding the agreement between government and Franklin Templeton Company Limited, an international investor.

The minister on the floor of parliament upon invitation Thursday told Ghanaians the transaction was genuine, devoid of personal interest as suspected by the minority Members of Parliament (MPs).

But the minority MPs insist the minister failed to provide full details of the contract demanding copy of the agreement letter to confirm what they are being told.

But Kwaku Baako advised them saying “go through the appropriate legal regime if you are so much minded and concern to get them. …..apply through appropriate legal regime”

“A Finance Minister cannot come and stand before parliament and do a disclosure on every detail. It has its own implications” he explained.

According to him, the Bank of Ghana guidelines guide the transaction as the issuance documents read by the minister in parliament provide necessary information about the transaction.

Source: mynewsgh.com

Ghana News Online

The primary function of GhanaNewsOnline.com.gh is to gather, process and distribute news about Ghana and Africa to the World. To serve as a News Agency with the mandate to present complete, in-depth objective and impartial information, news, and features rooted in investigative journalism.

Leave a Reply

Your email address will not be published. Required fields are marked *