The Ministry of Finance has called the bluff of the Minority’s action on the $2.25 billion bond issued recently.
The Minority in Parliament has filed a petition at the US Securities and Exchange Commission raising questions about government’s local bond issued last month.
They further alleged that the transaction was “cooked” to favor a particular investor, Franklin Templeton, while the transaction did not receive parliamentary approval.
But Deputy Finance Minister, Kwaku Kwarteng says the petition among other actions is only a diversionary tactic meant to sway Ghanaians from seeing the positive work the government is doing.
He said the government remains focused on fulfilling its promises to Ghanaians and will not debate the Minority in parliament or the opposition National Democratic Congress (NDC) on the issue
“We believe the action is much ado about nothing and the reason for the petition is feeble. Whatever the outcome is, government will be vindicated at the end” he said.
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