{"id":312333,"date":"2017-04-20T06:04:56","date_gmt":"2017-04-20T06:04:56","guid":{"rendered":"http:\/\/citifmonline.com\/?p=312333"},"modified":"2017-04-20T06:04:56","modified_gmt":"2017-04-20T06:04:56","slug":"secrecy-about-2-25bn-bond-unhelpful-ken-thompson","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/04\/secrecy-about-2-25bn-bond-unhelpful-ken-thompson\/","title":{"rendered":"‘Secrecy’ about $2.25bn bond unhelpful – Ken Thompson"},"content":{"rendered":"
Following allegations of conflict of interest against the Finance Minister, Ken Ofori Atta, relating to the recent $2.25 billion bond issue, the Chief Executive Officer of Dalex Finance, Ken Thompson, has called for more transparency about the bond.<\/p>\n
He believes that what looks like secrecy surrounding the $2.25 billion bond issue, is only fueling the allegations of conflict of interest from the Minority in Parliament against the Finance Minister.<\/p>\n
[contextly_sidebar id=”iUP62U2fibBue64XszTkvK4ItWhLGDFI”]Speaking on Eyewitness News<\/strong>, Mr. Thompson said some further disclosure must be made because it also “protects the integrity of the transaction.\u201d<\/p>\n He noted further that, in times past when bonds have been issued, there have been road shows, announcements or visits to Parliament \u201cbut this seems to have happened rather quickly.\u201d<\/p>\n \u201cSo it is the secrecy to it that has brought all this attention so we need to be told more… We need full and better particulars and the secrecy is one of the things that has caused all these things to arise so I think we deserve some explanation of some sort,” he said.<\/p>\n Minority calling for Parliamentary probe<\/strong><\/p>\n The Minority in its conflict of interest allegations, said a non-executive director on the board of Investment Firm, Franklin Templeton, who purchased 95 percent of the $2.25 billion bond, is also the Chairman of the Enterprise Group, which has links to the Attorney-General and the Finance Minister.<\/p>\n