The Finance Minister, Ken Ofori-Atta on Wednesday, stormed Parliament to address the brouhaha surrounding the US$2.25 billion bond issued by the ministry in April.
He said the domestic bonds were issued in a competitive and transparent bidding process managed by Joint Book Runners namely, Barclays, Stanbic and Strategic African Securities (SAS). He claimed the book runners were engaged by the previous government for similar bond issues and that it was a transparent process.
However, Member of Parliament for North Tongu, Okudjeto Ablakwa says the Minister’s response was not satisfactory. According to him, various issues raised by the minority were not addressed.
“…we were not voted to go into parliament to drink tea…there are still so many questions he has not answered. What is the finance minister hiding that instead of addressing the issue, he tends to insult us. I honestly think we can do away with the insults, it doesn’t help anybody; we have all been elected by our constituents with the hope that we will uphold the constitution of Ghana…in the spirit of good governance and accountability…” he said during an interview on Peace FM morning show ‘Kokrokoo’ Thursday.
Speaking to the same issue on the same platform, Deputy Finance Minister, Kwaku Kwarteng debunked claims that his ministry is hiding information relevant to the public as being claimed by the Minority.
He does not understand why the Minority are not coming out to indicate exactly ‘what is wrong’, adding their (minority) manner of criticism shows ‘they have not read’.
“The minority members; you could see clearly from the way they communicate that they have not read, they do not understand the transactions and the things that happen and they just keep saying all sorts of things that does not advance the public interest in anyway. Throughout this discussion, the minority is not telling us exactly what is wrong…we are never going to disclose people who have invested in government treasury. We have never done that in this country over the eight years of the NDC administration. No country have ever done it and we will not do it and that is what the Minister sought to explain…” he said.
Source: Rebecca Addo Tetteh/Peacefmonline.com
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Ghana did not start in 2017. The NDC govt issued bonds in the past years. Why did they not put the details out there for Ghanaians to see? All the dubious sole sourcing deals were done under their government and they kept them secret. They are not wiser than any other Ghanaian
Oh NDC people, the skin pain you are exhibiting is so clear only the blind persons cannot see. You have been shifting the goal post at every turn all the way since the finance minister and his team got Ghana a more favorable bond terms. All well meaning Ghanaians are praying that you would internationalized your incompetency very soon. The heavens will not fall when you show how hollow you guys are and led this beautiful country to nowhere under prez Mahama.
Sammy, he's hiding your protruding sharp teeth, in order to make you look nice and stop biting people with those teeth.
QUANAWUO, DON'T FORGET THE HOUSE IN HOUSTON TEXAS, U S A.
He is hiding your b.alls... o.fui...
It is so unfortunate for the name of democracy we have to deal with something like Okudjeto whose response when his beloved ndc was in power was heaven was showering on gh but in opposition he paints everything gloomy Whereas all that is not well here is the create loot and share. This Tongu boy will give different answers to 2 + 1 and 1 + 2 Okudjeto should obtain more education to present his case
okudjato, the finance minister is hiding your teeth.
In any case, bring out the agreement so that we read if that is the assertion of the ministers. All that were requested have not been provided and that raises many questions.
TOOTHYBLAKWA, ASK MAHAMA TO ANSWER THE NUMEROUS CORRUPTION ACTS HE PRESIDED OVER WHEN HE WAS LEAVING OFFICE. 49 ARMOURED-PLATED 4X4S, VALUED AT $9,000,000:00 YOU DIDN'T HAVE MONEY TO BUY SHOES; WHERE DID YOU GET MONEY TO INVEST IN NUMEROUS FILLING STATIONS??? I WILL PERSONALLY LEAD A CRUSADE AGAINST YOUR FILLING STATION AND MAKE SURE YOU GO TO JAIL!!!!
@kaku I pity the teachers who taught you and the kind of schools you attended. Do you know that there are no NDC or NPP schools in Ghana right, why then do you and your Bawumia wand the whole world to believe there separate schools for each of the parties.Learn to be wise a little