- The opposition NDC has clashed with government over the issuance of a $2bn domestic bond
- NDC claims the bond was issued under “conflict of interest”- an argument government refutes
- Vice president, Bawumia has lashed out the NDC saying “they need to read more”
Vice president, Dr Mahamudu Bawumia has entered to battle with the minority over the controversial $2bn bond issues by government and seems to be committed to win.
Though stationed at Washington DC in the ongoing IMF/World Bank spring meetings, the vice president stole some time to respond to graving concerns by the minority over the need for the finance minister, Ken Ofori Attah to resign following a “conflict of interest”15-year domestic bond issued earlier on.
“It shows a lack of understanding. The minority has never understood this economy. It shows ignorance and I’m so sad this is coming from people who should know better. Maybe they should read a little… we are doing even much better. They are really demonstrating a lot of ignorance in the process of managing the economy,” Bawumia pinched back.
The political tussle between the two parties could see the National Democratic Congress (NDC) head to court over the said $2bn domestic bond especially when they claim it was issued on the wrong terms.
Bawumia had earlier touted in his 100 days message at a town hall meeting that the $2bn domestic bond was the best deal of the year especially when it got over subscribed – exceeding its fiscal targets.
Meanwhile, the minority is threatening to drag the finance minister to CHRAJ should they fail to get hearing from parliament.