$2.25bn bond didn’t need parliamentary approval - Akoto Osei

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sam 8 years ago

look at a face of a criminal

look at a face of a criminal
Shipah 8 years ago

NDC fu ni gyimi....kwasiaaaa u don't understand English....leave them alone to work...just 3 months u want to act like u did not rule for 8 years....see the stupid things u were doing

NDC fu ni gyimi....kwasiaaaa u don't understand English....leave them alone to work...just 3 months u want to act like u did not rule for 8 years....see the stupid things u were doing
Rebuttal 8 years ago

Your d first Criminal . No sense

Your d first Criminal . No sense
ALEX 8 years ago

The very people who shouted at Wayome and corruption are the very people who are in acts of corruption even within 3 months in office. Where is Ghana heading to?

The very people who shouted at Wayome and corruption are the very people who are in acts of corruption even within 3 months in office. Where is Ghana heading to?
Kojo Billy Duncan 8 years ago

To the dogs.

To the dogs.
Watch Out.. 8 years ago

Bonds raised to shore up cedi was bad? What about now?
November, 2014.
STATEMENT: “Where’s The $1bn Sovereign Bond?” Bawumia Asks Gov’t
"Dr Bawumia believes the $1 billion raised on the money market has been used t ...
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Bonds raised to shore up cedi was bad? What about now?
November, 2014.
STATEMENT: “Where’s The $1bn Sovereign Bond?” Bawumia Asks Gov’t
"Dr Bawumia believes the $1 billion raised on the money market has been used to do nothing more than to artificially shore up the cedi from depreciating against major currencies.
He further disclosed how the government of the National Democratic Congress has used Ghana’s limited foreign exchange not to invest in productive projects but to merely stop the local currency from sliding."
April, 2017
No matter the possible conflict of interest and family benefits, the bonds have been used to stabilise the cedi you Ignorant minority (Ghanaians).
Me; Indeed we are ignorant, cos for years you fooled us and got rewarded.
true npp. 8 years ago

God punish you and your people for saying it doesn't need parliamentary approval.is it your own property or Ghanaians are going to pay for it?the wrath of God will be on you people and your families,for using Ghana to enrich ...
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God punish you and your people for saying it doesn't need parliamentary approval.is it your own property or Ghanaians are going to pay for it?the wrath of God will be on you people and your families,for using Ghana to enrich yourselves.
Rebuttal 8 years ago

God Will bless Doctor n Punish U by Ur own words.

God Will bless Doctor n Punish U by Ur own words.
true npp. 8 years ago

You are also a thief for siding with them.go and sell you family property without telling you father or siblings and see the curses you will receive.
For aiding with them,you too the wrath of God will follow you.

You are also a thief for siding with them.go and sell you family property without telling you father or siblings and see the curses you will receive.
For aiding with them,you too the wrath of God will follow you.
ma kaa maka 8 years ago

Dr Akoto i admire u alot..am really surprised with this u are saying...

Dr Akoto i admire u alot..am really surprised with this u are saying...

afua 8 years ago

Ghanaians said they wanted change, so they have corrupt governement.

Ghanaians said they wanted change, so they have corrupt governement.
ANTI STEALING 8 years ago

Ewi

Ewi
Bobo Dialaso 8 years ago

Ken Ofori Atta is not suited for finance. He has a wall street mindset. That mindset is not good for third world development. Our politicians are all crooks. NDC or NPP -- make your pick.

Ken Ofori Atta is not suited for finance. He has a wall street mindset. That mindset is not good for third world development. Our politicians are all crooks. NDC or NPP -- make your pick.
Mr Bond 8 years ago

If it was other political parties that watch dog institutions like IMANI and centre for democracy and corrupt fighting institutions either than corrupt NDC that is criticizing government on the bond without parliamentary appr ...
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If it was other political parties that watch dog institutions like IMANI and centre for democracy and corrupt fighting institutions either than corrupt NDC that is criticizing government on the bond without parliamentary approval the is no question about that, but these are NDC thieves and criminals should tell Ghanaians all their bonds that they raise and secure were all debated and approved in parliament for specific projects and it locations.I would love it goes though parliament and tax payers who are paying interest sees what their bond provide them.I hate when NDC talks without making reference to what they did to justify their criticism.
Omint's (Bel. 8 years ago

ndc's meet the press is baseless and stupid

ndc's meet the press is baseless and stupid
Village Lass 8 years ago

Let the games commence, so in raising over 2 billion supposedly on the domestic market, yet 95% was bought by a foreign company, with conflict of interest to a Minister in the government and oh a company which has been accuse ...
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Let the games commence, so in raising over 2 billion supposedly on the domestic market, yet 95% was bought by a foreign company, with conflict of interest to a Minister in the government and oh a company which has been accused of securities fraud is not suspicious at all....

And as for the party followers who come here to insult people without really looking beyond the parties and cake cutting of our president.
Let me make it simple for you- it will only be downhill from here.
what they are doing is robbing peter to pay paul whiles enriching themselves.

Until we use our brains to question and question politicians again,what they really mean when they are begging for the votes. we will forever be doomed.

100 days of achievements indeed, and they call themselves educated bunch,crooks more like it.
Yaa 8 years ago

It will not do anything to help you, however much you shout. You jump up and down and raise hell about things that you yourselves in the past have described as "the normal way of doing business". And you think you are fooling ...
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It will not do anything to help you, however much you shout. You jump up and down and raise hell about things that you yourselves in the past have described as "the normal way of doing business". And you think you are fooling WHO?
Farmer 8 years ago

All the same, NDC or NPP, where is the difference? The president talks about eradication of corruption and the ministers do business as usual. Who is surprised?

All the same, NDC or NPP, where is the difference? The president talks about eradication of corruption and the ministers do business as usual. Who is surprised?
Akwasi 8 years ago

The explanation the minister gave is clear but the opposition refuse to hear or not listening and they refuse to read it well.If they don't understand it as the minister they him to parliament to answer questions.Opposition w ...
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The explanation the minister gave is clear but the opposition refuse to hear or not listening and they refuse to read it well.If they don't understand it as the minister they him to parliament to answer questions.Opposition wants to cause mischief but it will get any where.I always say that the truth is the winner at end.If the opposition don't understand anything about the bond they should send it to parliament for clearification and stop making unnecessary comments.if they know how to manage the economy they wouldn't have voted out.They should stop making unnecessary noise because they were booted out just three months ago.
PEKI TUMU 8 years ago

The opposition is not causing mischief. They have gone to the trouble to give reasons.

There is almost a 100% placing to a lender who is a foreigner. The investors has connections with various NPP Ministers. It is in the i ...
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The opposition is not causing mischief. They have gone to the trouble to give reasons.

There is almost a 100% placing to a lender who is a foreigner. The investors has connections with various NPP Ministers. It is in the interest of all that these relationships are demonstrated very publicly not to have been influenced any of the decisions by the Finance Minister.

The NPP last administration has a record of favouring its cronies. A typical example was the Ghana International Airlines. There is no harm in the public being alerted to the fact that this can happen again with a new NPP administration but in another form

The only way to assure everyone that all is above board is to go to Parliamemt. It is a very large loan.

PEKI TUMU 8 years ago

we are discussing a lot of money over a fifteen year period. It is along term liability. The minority party has taken the trouble to detail how the investor is connected to the Minister of Finance. It is up to us and the pub ...
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we are discussing a lot of money over a fifteen year period. It is along term liability. The minority party has taken the trouble to detail how the investor is connected to the Minister of Finance. It is up to us and the public and other stakeholders to judge whether there is really a conflict of interest.

Dr Osei Akoto cannot dismiss the issues that have been raised as trivial.

When the NDC was in power, Seth Terkper was not a shareholder in any of the ventures that hhad been employed for borrowing so Dr. Osei Akoto cannot use that borrowing approach to whittle away the concerns been brought to the attention of the public here.mentioned that he has borrowed from

It should have been obvious to the NPP Ministers that once some of their Ministers have interests in some of the companies that The Minister of Finance is dealing with, it is the interest of all that these interests are disclosed. The best way to disclose these is to place the agreements before parliament so that they are scrutinized
PEKI TUMU 8 years ago

Correction

Please ignore phrase 'mentioned that he has borrowed from ' after here in paragraph 3

Correction

Please ignore phrase 'mentioned that he has borrowed from ' after here in paragraph 3
SAQ 8 years ago

Akoto Osei -

Stop trying to hide facts and be transparent if there is nothing to hide.
Did you make mistakes? A difference of fraudulent 0.001 in the rate makes you a millionaire.

Any bond that takes long to mature ...
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Akoto Osei -

Stop trying to hide facts and be transparent if there is nothing to hide.
Did you make mistakes? A difference of fraudulent 0.001 in the rate makes you a millionaire.

Any bond that takes long to mature comes with comparative higher coupon rate due to associated long term risk (after who can see the future?).

Please answer the questions:
Did you sell the bond at par? i.e. the DCF of the coupons plus the principal must equal the value of the bond.
Did you sell the bond at discount? coupon rate is equal to YTM.
Prove us wrong, you sold the bond at premium. coupon rate is higher than YTM.
Since you sold the bond at a premium, how much higher than the federal discount rate?

This is really bad, others would assume corruption.

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$2.25bn bond didn’t need parliamentary approval - Akoto Osei

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