Kweku Baako says the National Democratic Congress (NDC) will make a mockery of themselves for petitioning a US regulatory body to investigate the recent $2.25 billion bond issued by the Government of Ghana.
The NDC minority has filed a complaint with the Security and Exchange Commission (SEC) of the United States of America to commence investigations into the US$2.25 billion bond issuance by the Akufo-Addo government in which Franklin Templeton, a US registered company purchased 95% of 15-year and 7-year bonds.
The party believes the US regulatory body would help to bring finality to the issue in hope that the NDC will win the case against the government.
Addressing the issue on Peace FM's 'Kokrokoo', Editor-in-Chief of the New Crusading Guide newspaper opined that the petition by the NDC to the US regulatory body will amount to nothing.
To him, the party can never win the case and that "at the end of the day, they will know that they will internationalize their incompetence and embarrassment. They're widening the scope of the international ridicule that they will be subjected to. The poverty of their thinking, of their knowledge and things on this matter will manifest, and that for I think is education by negative experience. We'll all learn from it."
He added that "in the most unlikely situation that they will win and I doubt it, it cannot happen. It just cannot happen. But if it happens, well, I will come and sit here, render an apology to the good people of this country. It is never going to happen. It is not going to happen, in Ghana and in the US...because the records are so well documented."
Mr. Baako however expressed confidence in CHRAJ to investigate the recent $2.25 billion bond issued by the Government of Ghana.
CHRAJ confirmed receipt of a petition specifically requesting it to investigate allegations of interest and transparency issues with regards to the bond among other issues of conduct surrounding Finance Minister Ken Ofori-Atta and Attorney General Gloria Akufo.
"I have complete confidence in the work that CHRAJ will do and you'll see that it was just noise...In fact, they'll vindicate Bawumia who said that at the end of the day, what they were doing was driven by ignorance and mischief. You can add misinformation and mis-education to it. They're just noise," Mr Baako stated.
Source: Ameyaw Adu Gyamfi/Peacefmonline.com/Ghana
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NDC is full of semi-illiterates,uninformed,ignorants and blockheaded hogs,besides incompetency;other how would a serious party be so ***barred word*** about this and write to an international body for investigation.It's embarrassing,and as Mr. Baako said,they're 'internationalizing' their incompetence.
Lol...ooooo Kweku Baako...You are the man. What a summary of NDC folly.
If we have AG endorsing impunity, how can CHRAJ investigate this Bond. You turn to iternational Community
Kweku has said it all. Their incompetence and ignorance are being exported outside Ghana. Ao! Very pathetic. When are they going to start reading? NDC When oooo, when?
Some of these NDC guys do not even understand different types of bonds which is part of the fundamentals of Corporate Finance. They say the issue should be approved by Parliament. Local bonds such as treasury bills and the one issued the Ministry of Finance need no approval no matter what currency was used to purchase them. They are not foreign bonds. Foreign bonds need approval. Ken and Bawumia are so smart, and that gives me hope as an expert in Finance.
This is how you show your F0O0LISHNESS when you have unintelligent people like Okudzato, Suhiyini, Ayariga, Sam George leading affairs. But no worries as Papa J is working to take his party back, there will soon be intelligent people in charge.
NDC have been overwhelmed with the so swift success of the Akuffo Addo Govt. knowing how they have incompetently handle the Economy in the last 5 years, hence their action.
Kwaku Baaku is a bufuun