Member of Parliament for North Tongu, Hon. Okudzeto Ablakwa has pointed out that Finance Minister, Ken Ofori-Atta’s visit to Parliament to explain further on the $2.25 billion dollar bond is based on the persistent effort of the Minority in Parliament.
According to him, the Majority in Parliament and Nana Addo’s government have now moved away from their initial use of insults as their official response to the claims of the Minority, hence the visit of the Finance Minister to Parliament to present the full documentations surrounding the transaction.
Speaking on Okay FM’s 'Ade Akye Abia' Morning Show, Hon. Samuel Okudzeto Ablakwa insisted that the $2.25 billion dollar bond was not on Parliament Issuance Calendar, making the transaction not transparent and eventually forcing the Minority to hold a press conference.
“We had a wind of this whole bond transaction during recess and we had a press conference because the bond was not on our issuance calendar and it was not transparent. The time they notified the market, they had already started the transaction before they notified the market,” he asserted.
He even indicated that the Minority in Parliament has the chronology of the event, reiterating that the whole transaction was shrouded in secrecy.
He still holds the view that the $2.25 billion bond is a contention of several laws including the Constitution of Ghana, where Article 181 says that this transaction should have come to Parliament.
He again averred that the Securities and Exchange law was clearly breached as this transaction should have received approval from the Securities and Exchange Commission of Ghana.
“All these didn’t happen. Initially, the reaction from the Vice President was that we don’t read and we don’t know what we are about which was clearly an insult. It was clear that they just wanted to insult us as their official response and so we stepped up beyond the press conference and we went to CHRAJ, and I went to Washington DC to file a petition with the Securities and Exchange Commission and so now there is a case manager on this case whom we have been interacting.
“Investigations are ongoing. We have indicated quite clearly that this is a matter which we are very serious about and very committed to it and we are not going to relent at all in making sure that the right thing will be done,” he assured.
He maintained that the desire of the Minority in Parliament is that at the end of the day, the right thing is done and for transparency to prevail in this transaction.
“We are happy because the Finance Minister, the Majority Leader and the government are beginning to take us serious and have moved away from the insult, and that is why the Majority Leader seconded the motion filed by the Minority Leader to make the Finance Minister bring the full documentation to Parliament,” he indicated.
Source: Daniel Adu Darko/Peacefmonline.com
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SO NOW ITS NOT A CONFLICT OF INTEREST BUT BECAUSE THE BOND ISSUANCE WAS NOT PRESENTED TO PARLIAMENT???? THE MINORITY HAVE NO CLUE WHAT THEY WANT. THEY SEEM LOST IN ALL INDICATIONS AND BECAUSE OF THE EMBARRASSMENT THEY'VE CAUSED THEMSELVES AND THE NATION THEY'RE TRYING HARD TO FIND FAULT SOMEWHERE TO BLAME THE GOVT. SURELY, SOON THE NDC BLOCKHEADSSSSS WILL BE KNOWN.
what makes u think npp are taking u serious. what do u know for those people to take u serious?be wise and stop deceiving yourself . BIG HEAD SMALL BRAIN
I pray you guys read the finance ministers document properly in order not to display your usual ignorance.
So Mr Okudjeto which documents did you use to file the complaint at the security and exchange at Washington? You are saying you did not have a full facts or you have the facts in the document but don't understand. You guys behave in a sense that you love your party than the nation. All your plans of tagging the new government of corruption will come back to you, like what is happening in the case of nine million dollar cars by outgoing government but we had a big mouth like Sam George trumpeting earlier the year that Nana Addo is buying Benz cars for his comfort. They were all lies and now is at back hurting you for your kickbacks. Shame unto you nation wreckers.
HAHAHAHAHA WHO SAID THEY HAVE TAKEN YOU SERIOUS? YOU SEE HOW THE FINANCE MINISTER DISGRACE YOU IN PARLIAMENT.YOU GUYS ARE DEALING WITH COMPETENCE GOVERNMENT SO BECAREFUL.
I suspect the NDC people were surprised the bond was purchased within a very short time. Maybe, they wanted to hide the billions they have taken in the bond and even make some interest. that is their disappointment and nothing else. Unfortunately, NDC, most Ghanaians don't take you serious at all in your role as biggest minority party. Stop the propaganda and we shall take you serious.In addition, read widely around a subject, find the necessary information and make informed arguments. This is free advice.
SO YOU THINK NPP AND GHANAIANS TAKE YOU SERIOUS? THE MAN JUST CAME TO PARLIAMENT TO INSULT YOU AND YOU SAY YOU HAPPY. WOW
THE WHOLE COUNTRY SHOULD NOT TAKE YOU SERIOUS SINCE YOUR PARTY HAVE THE HIGHEST CORRUPTION LEVEL REFERENCE FROM J.J. AND THE WORSE IS YOU SHAME UNTO YOU A GREAT EVIL AMONG THE PARTY.WHERE WERE YOU DURING THE BUS BLENDING.
The NPP is not taking you serious at all. Do you realize how you were ridiculed by the Finance Minister? You are now complaining that he was insulting you.If you do not listen and you pretend you will be told what you do not want to hear. Please go and read and read widely. If you send a petition to US SEC and they replied and has appointed a case Manager that does not mean you petition is right. There would be more embarrassment after this STAY TUNED