Bond saga: Minority to petition CHRAJ

Mon, 24 Apr 2017 Source: Class FM

Former Deputy Finance Minister Kweku Ricketts-Hagan has revealed that Minority MPs will petition the Commission on Human Rights and Administrative Justice (CHRAJ) if they do not get satisfactory answers on the bond saga.

“We will take it to parliament for investigation and if we don’t think we are getting a satisfactory answer we will take it to the right jurisdiction, which is CHRAJ,” he told Moro Awudu on Class FM’s Executive Breakfast Show on Monday April 24.

Ninety-five per cent of the $2.25 billion domestic bond issued by the Government of Ghana recently is indebted to a non-resident creditor, Franklin Templeton.

However, the Minority, led by former Deputy Finance Minister Cassiel Ato Forson, said Mr Trevor G. Trefgarne, a director at Franklin Templeton, is also a Director at Enterprise Group Limited, a company of which Ghana’s Finance Minister Mr Ofori-Atta is co-founder, thus raising issues of transparency, conflict of interest, non-approval by parliament, and suspicion.

Mr Ricketts-Hagan has reiterated calls by the Minority, adding that the bond is the riskiest issued by government.

For him, an investigation is needed in order to put the matter to rest.

Source: Class FM
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