Business News of Friday, 9 June 2017

Source: radiogold905.com

$2.25 bond: No amount of insults will deter us – Ablakwa to Finance Minister

Samuel Okudzeto Ablakwa and Ken Ofori-Atta, Finance Minister Samuel Okudzeto Ablakwa and Ken Ofori-Atta, Finance Minister

It appears the controversy surrounding the issuance of the $2.25 billion bond by government will continue to linger for long since the Minority is not ready to put the matter to rest.

Finance Minister, Ken Ofori-Atta in an address to Parliament maintained that the $2.25 billion bond issued in April was done transparently without any “breaches of integrity.”

According to him, the Minority’s insistence on finding fault with the bond was borne out of ignorance.

“It may be tempting to say that the apparent attempt to manufacture some form of integrity deficit in the process is generally borne out of a lack of understanding of the actual process on the part of the Minority,” he stated Wednesday, June 7, 2017, in his response to the Minority.

The Minority in Parliament have vowed to explore other options in getting full disclosure on the bond.

The National Democratic Congress (NDC) MPs are not happy with the information provided by the Finance Minister.

Reacting to the Finance Minister on the Gold Power Drive with host Samuel Eshun Thursday, Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa said: “no amount of insults will deter us (the Minority) to pursue the matter to its logical conclusion.”

Meanwhile, a private legal practitioner, Victor Kwadjoga Adawadu, says he is heading to court to compel government to disclose information on the controversial $2.25 billion bond.

His decision follows his failure to secure same information after the Attorney General wrote to tell him the information was not available.