- Hon Suhuyini has referred to the Finance Minister's response over the 2.25 bn bond as a "PR gimmick"
- He says the response was unsatisfactory because it did not address concerns that prompted his summoning to parliament
Member of Parliament (MP) for the Tamale North constituency, Hon. Alhaji ALhassan Suhuyini, has discredited Finance Minister Ken Ofori-Atta's response to parliament regarding a GHC2.25 billion bond issued a few months ago.
According to the Tamale North legislator, Finance Minister Ofori-Atta's response made on parliament's floor regarding a GHC 2.25. billion bond issued months ago was unsatisfactory simply because he did not address issues that summoned him in the first place.
Earlier in June, Finance Minister Ken Ofori-Atta was summoned to parliament in order to shed more light on a GHC2.25 billion bond issued by the Government of Ghana to Franklin Templeton, US registered company.
Pay Attention: Get all the latest news on YEN.com.gh
In his response to concerns raised regarding the bond, Finance Minister Ken Ofori-Atta stated that the bond was issued in accordance with laid down procedures, and was done so transparently. Contrary to allegations made by parliament's Minority, he [Ofori-Atta] stated that he "had no direct dealings with the investors".
The Finance Minister went on to specify the procedures government took to make sure the bond was issued in a transparent manner, adding it would have been "difficult to manipulate" the process as the financial institutions involved are government from the Bank of Ghana's rules and regulations.
Pay Attention: Get news whenever and wherever you go with YEN NEWS
Nevertheless speaking on Onua FM's Bright Akwesi Asempa, Hon. Suhuyini said he was shocked to see the Finance Minister appear before parliament with unsigned documents that could've been downloaded from the Central Banks website.
"Government knew at the time that they are under pressure from both Ghanaians and foreign investors over the $2.25 billion-dollar bond issue, so the best they could do was to send him (Ken Ofori-Atta) to come and ask his own questions and answer them. It was just a PR gimmick," said the Tamale North legislator.
Do you have any story to share with YEN? Get featured! We are available on Facebook and email via email@example.com