{"id":319819,"date":"2017-05-17T06:15:02","date_gmt":"2017-05-17T06:15:02","guid":{"rendered":"http:\/\/citifmonline.com\/?p=319819"},"modified":"2017-05-17T06:15:02","modified_gmt":"2017-05-17T06:15:02","slug":"govt-unfazed-by-minoritys-petition-over-2-2-bn-bond","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/05\/govt-unfazed-by-minoritys-petition-over-2-2-bn-bond\/","title":{"rendered":"Gov\u2019t unfazed by Minority’s petition over $2.2 bn bond"},"content":{"rendered":"
The government has said it is not perturbed by the Minority petition to the Securities and Exchange Commission of the United States to investigate its $2.25 billion bond issued this year.<\/p>\n
It says the petition among other actions is only a diversionary tactic meant to sway Ghanaians from seeing the positive work the government is doing.<\/p>\n
[contextly_sidebar id=”9KD7kvAfFC13C8AUO3iQb8VuVLPPuMRq”]A deputy Minister for information, Kojo Oppong Nkrumah 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,<\/p>\n
The government in April this year\u00a0raised $2.25 billion from four bonds<\/a><\/strong><\/span>\u00a0including a 7 and 15-year bond, at a rate of 19.75%.<\/p>\n The bond which was open to resident and non-resident investors raised disquiet among members of the opposition NDC.<\/p>\n The Minority raised issues of possible conflict of interest following the purchase of 95% of the bonds by Mr. Trefgarne who is a Director of Franklin Templeton and a Board Chairman of Enterprise Group.<\/p>\n