Ghana’s $2.25 billion bond: DYMOG raises concerns about Supreme Court’s ruling

Ghana’s $2.25 billion bond: DYMOG raises concerns about Supreme Court’s ruling

- The Executive Convenor of the Dynamic Youth Movement of Ghana (DYMOG), Edward Tuttor, has slammed a recent decision of the Supreme Court

- He argued that the Supreme Court is wrong to have ruled there was no conflict of interest situation in the $2.25 billion Eurobond case

- Tuttor revealed that DYMOG would soon organize a forum to discuss the implications of the decision of the Supreme Court

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Edward Tuttor, Executive Convenor of the Dynamic Youth Movement of Ghana (DYMOG), has raised concerns about the ruling of the Supreme Court (SC) with regard to a case about the issuance of a US$2.25 billion bond.

On Tuesday, May 5, 2020, the highest court of the land absolved the Finance Minister, Ken Ofori-Atta, of a charge of a conflict of interest situation with regard to the bond.

According to Tuttor, “we came in the supreme interest of the people of Ghana. Looking at constitutional cases like a conflict of interest and assets declaration that do not bother on a particular regime. The issue of assets declaration and conflict of interest keeps raising its head”.

READ ALSO: Ghana's economy would contract by 1% in 2020 - EIU predicts

He added that the group would soon organize a forum to discuss the implications of the decision of the SC on the case.

Per a report by Ghana Web, the case which was filed by the DYMOG in 2018 was thrown out of court on the ground that the suit had no merit.

The SC added that it would file its reasons on Wednesday, May 6, 2020, with the court registry for ease with regard to public perusal.

YEN.com.gh earlier reported that the SC ruled Ofori-Atta, was not involved in a case of conflict of interest as well as procedural error, with regard to the issuance of the $2.25 billion Eurobond in 2017.

The unanimous decision was reached by the seven-member panel of the court.

The Finance Minister was sued along with the Attorney General and the Commission for Human Rights and Administrative Justice [CHRAJ].

READ ALSO: Finance minister hints government may present new budget in July 2020

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Source: Yen.com.gh

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