Mr Yaw Brogya Genfi, the Ghanaian citizen who petitioned CHRAJ in a letter titled "Petition to investigate conflict of interest in the recent US$ 2.25 billion bond issued by the Government of Ghana through the Ministry of Finance" has said he is still studying the Commission’s ruling and will respond appropriately after.
The Commission on Human rights and Administrative Justice (CHRAJ) on Thursday December 28, 2017, cleared the Minister of Finance (MOF), Ken Ofori-Atta, of allegations of conflict of interest in the issuance of some bonds.
The Commission, however, after its investigations of allegations made against the minister by a citizen, Yaw Brogya Genfi, gave wide-ranging directives in relation to the bond issuance processes to ensure transparency and clarity.
After five months of investigations, which included interviews with the parties involved, industry players, transaction advisors, security brokers and the Registrar General., and the review of guidelines, regulations, laws, and other documents, CHRAJ concluded that,
“On the basis of the evidence available to the Commission, it has come to the conclusion and therefore holds that the allegations by the complainant that the respondent has contravened Article 284 of the 1992 Constitution by putting himself in a conflict of interest situation in relation to the issuance of the 5-year, 7-year, 10-year and 15-year bonds, have not been substantiated.
The decision was contained in a 140-page document detailing the investigations, analysis and conclusions.
But in a statement signed by Yaw Brogya Genfi indicated that he has received a copy of the report from CHRAJ officially but will refrain from commenting on the issue as it is early days yet.
He says he is still studying the ruling and its implications contrary to media reportage that the Finance Minister has been exonerated of wrongdoing, the evidence so far indicts him of several illegalities which constitutes enough grounds for his removal from office.
The full statement below
*PRESS STATEMENT ON CHRAJ REPORT*
This is to inform the general public that l, on Friday 22nd December 2017, received an official copy of the Commission on Human Rights and Administrative Justice's (CHRAJ) report on my petition against the conduct of the Finance Minister in the $2.25billion Bond scandal.
I am currently studying the 140-paged report with my lawyers and will speak to the general public in due course.
However, contrary to media reportage that the Finance Minister has been exonerated of wrongdoing, the evidence so far indicts him of several illegalities which constitutes enough grounds for his removal from office.
I commend CHRAJ for a meticulous work done. Again, my gratitude goes to the media and all the people who stood by me through this 8-month struggle.
The coming days promise to be interesting.
Yaw Brogya Genfi (Complainant)