Veep Bawumia describes minority claims over 15-year bond “mischievous and ignorant”

| Updated Apr 21, 2017 at 8:20am


Ghana’s Vice President Dr. Mahamadu Bawumia


Ghana’s Vice President Dr. Mahamadu Bawumia has described the allegations of conflict of interest made by the Minority Caucus on the recent 15-year bond sale as “mischievous and ignorant”.

The Minority National Democratic Congress (NDC) says the Finance Minister, Ken Ofori Atta, breached conflict of interest rules when he allowed a close associate to invest in the $2billion bond.

The Minority MPs also said at a press conference on the matter that the transaction was shrouded in secrecy, cooked to favour one investor, and did not have Parliamentary approval.

However, speaking to journalists after an engagement with investors in Washington DC on Thursday, Vice President Dr. Bawumia said it was unfortunate that the allegations have come from the NDC, who should know better.

Vice President Dr. Mahamudu Bawumia who is also the Chairman of the Economic Management Team is in Washington for the IMF/World Bank Spring Meetings as the leader of Ghana’s delegation.

He is accompanied by the Finance Minister Ken Ofori-Atta, officials from the Bank of Ghana led by the Governor, Dr. Ernest Kwamina Yedu Addison; the Chairman of the Finance Committee in Parliament, Dr. Mark Assibey Yeboah as well as officials from the Finance Ministry.

SOURCE: Joy Business News