Politics of Thu, 18 May 201739

Bond Saga: NDC is going to 'internationalize their incompetence' - Baako

Kweku Baako says the National Democratic Congress (NDC) will make a mockery of themselves for petitioning a US regulatory body to investigate the recent $2.25 billion bond issued by the Government of Ghana.

The NDC minority has filed a complaint with the Security and Exchange Commission (SEC) of the United States of America to commence investigations into the US$2.25 billion bond issuance by the Akufo-Addo government in which Franklin Templeton, a US registered company purchased 95% of 15-year and 7-year bonds.

The party believes the US regulatory body would help to bring finality to the issue in hope that the NDC will win the case against the government.

Addressing the issue on Peace FM's 'Kokrokoo', Editor-in-Chief of the New Crusading Guide newspaper opined that the petition by the NDC to the US regulatory body will amount to nothing.

To him, the party can never win the case and that "at the end of the day, they will know that they will internationalize their incompetence and embarrassment. They're widening the scope of the international ridicule that they will be subjected to. The poverty of their thinking, of their knowledge and things on this matter will manifest, and that for I think is education by negative experience. We'll all learn from it."


He added that "in the most unlikely situation that they will win and I doubt it, it cannot happen. It just cannot happen. But if it happens, well, I will come and sit here, render an apology to the good people of this country. It is never going to happen. It is not going to happen, in Ghana and in the US...because the records are so well documented."

Mr. Baako however expressed confidence in CHRAJ to investigate the recent $2.25 billion bond issued by the Government of Ghana.

CHRAJ confirmed receipt of a petition specifically requesting it to investigate allegations of interest and transparency issues with regards to the bond among other issues of conduct surrounding Finance Minister Ken Ofori-Atta and Attorney General Gloria Akufo.

"I have complete confidence in the work that CHRAJ will do and you'll see that it was just noise...In fact, they'll vindicate Bawumia who said that at the end of the day, what they were doing was driven by ignorance and mischief. You can add misinformation and mis-education to it. They're just noise," Mr Baako stated.

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