Group petitions Akufo-Addo to form SEC board to probe $2.24bn bond

A group by name Dynamic Youth Movement of Ghana (DYMOG), has appealed to the President, Nana Akufo-Addo to exercise his legal mandate under Chapter 8 of the 1992 Constitution by appointing members to form the Security and Exchange Commission (SEC) Board within 15 working days.

Speaking at a Press Conference held in Accra Thursday, Convenor of DYMOG Edward Tutor stated that an Administration and Hearing Committee must be formed directly to carry out investigations on the $2.25 billion bond contracted by the Ministry of Finance under the authority of Finance Minister, Ken Offori-Atta.

The movement is agitated that the Finance Minister could not wait till the President form the SEC Board in order to execute the $2.25 billion Bond adding that the Finance Ministry violated the law.

DYMOG further stated that there might be a conscious and premeditated attempt to prevent the investigation since SEC voiced out to them that there is no board analyzing the situation.