{"id":312449,"date":"2017-04-20T10:38:15","date_gmt":"2017-04-20T10:38:15","guid":{"rendered":"http:\/\/citifmonline.com\/?p=312449"},"modified":"2017-04-20T10:38:15","modified_gmt":"2017-04-20T10:38:15","slug":"attacks-on-2-25bn-bond-baseless-ministry-of-finance","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/04\/attacks-on-2-25bn-bond-baseless-ministry-of-finance\/","title":{"rendered":"Attacks on $ 2.25bn bond baseless- Ministry of Finance"},"content":{"rendered":"
The Ministry of Finance has described attacks on the $2.25 billion bond issued recently as baseless.<\/p>\n
The Minority group in parliament, led by a former Deputy Finance Minister, Mr. Cassiel Ato Forson alleged that the issuance was done in secrecy, denying other investors an opportunity to participate in the bond.<\/p>\n
The Minority further alleged that the transaction was \u201ccooked\u201d to favor a particular investor ,Franklin Templeton, while the transaction did not receive parliamentary approval.<\/p>\n
But responding in a press release copied to Citi Business News<\/strong>, the Ministry of Finance lashed out that \u201cHon Cassiel Ato Forson, a former Deputy Finance Minister, knows very well the workings and processes for the issue of domestic bonds and as such, should not be making such baseless allegations\u201d.<\/p>\n