Parliament summons finance minister over $2.25 bond issue

Parliament summons finance minister over $2.25 bond issue

- Finance minister will be addressing parliament today over the $2.25 bond issuance in April

- The issuance of the bond has sparked outrage among the minority who suspect foul play

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Parliament has convened to hear from the finance minister, Ken Ofori Attah regarding all the details a the most-talked about $2.25 billion bond issue which was floated in Apr

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The finance minister has come under severe criticism over the floating of the bond as some critics posited that it included a conflict of interest hence the need for a court hearing on the matter. So far, the attorney general, Gloria Akufo, has described the threats for a court hearing as “bogus” arguing that there is no need to pursue the case on court.

Minority in Parliament has also bared its claws over the development calling on the finance minister to explain to them the secret deals that went into this huge floating of the bond.

This saw the vice president, Dr Mahamudu Bawumia enter into battle with the minority over the controversial $2bn bond issue.

Though stationed at Washington DC during 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 punched back.

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Meanwhile, the minority is threatening to drag the finance minister to CHRAJ should they fail to get hearing from parliament.

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Source: Yen.com.gh

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