{"id":323885,"date":"2017-05-31T06:00:32","date_gmt":"2017-05-31T06:00:32","guid":{"rendered":"http:\/\/citifmonline.com\/?p=323885"},"modified":"2017-05-31T06:00:32","modified_gmt":"2017-05-31T06:00:32","slug":"minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/","title":{"rendered":"Minority to ‘vehemently’ resist $2.4bn bond if… – John Jinapor"},"content":{"rendered":"

The Minority in Parliament will kick against the planned issue of a 15-year bond to clear energy sector debts if the Akufo-Addo administration does not come clean on key details about this particular bond.<\/p>\n

Speaking on Eyewitness News<\/strong>, NDC Member of Parliament for Yapei Kusawgu, John Jinapor, said the Minority is trying to avoid the controversy that engulfed<\/a><\/strong><\/span> the $2.25 billion domestic bond issued in April 2017.<\/p>\n

[contextly_sidebar id=”YLjjENd5Eyzo6ZgSv01r93X9njySNOtO”]The Minority has already called for a full-scale parliamentary probe<\/a><\/strong><\/span>\u00a0into the $2.25 bond issue, amidst concerns over the perceived claims of secrecy and conflict of interest.<\/p>\n

For this 15-year bond, Mr. Jinapor said the Minority is looking for “full disclosure. Other than that, we are going to kick against that vehemently.\u201d<\/p>\n

\u201cI am serving notice that those of us on the Minority side will oppose it vehemently if it is not transparent,\u00a0if it is not made clear and if they go through this Franklin Templeton style of raising bonds.\u201d<\/p>\n

The government announced plans<\/a><\/strong><\/span> to issue the 15-year bond in April in 2017, to settle all outstanding debts in the energy sector.<\/p>\n

The bond is also aimed at improving the financial strength of the State Owned Enterprises (SoEs) in the energy sector and make them competitive.<\/p>\n

But since the announcement, Mr. Jinapor said no substantial information has been made available on this particular bond in addition to the fact the full energy debt stock is not known.<\/p>\n

Not satisfied with approach<\/strong><\/p>\n

Beyond this, Mr. Jinapor said government’s approach\u00a0to the energy debts “is not a very good approach\u201d<\/p>\n

He explained that \u201cif you do a bond, it comes at a cost. For any money you borrow, there is an opportunity cost, there is a risk element, and the price of money you borrow is the interest.\u201d<\/p>\n

“What is the interest? How transparent is it? What are the flows from the Energy Sector Levy? Are they sustainable to pay on a year basis? If it is sustainable, why then must you go for that loan? They are simply going to borrow against the levies,\u201d Mr. Jinapor noted as some questions he had on the matter.<\/p>\n

Per his assessment, the government wants to borrow money to pay the debts so that the inflows will be used to service the loan.<\/p>\n

–<\/p>\n

By: Delali Adogla-Bessa\/citifmonline.com\/Ghana<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Minority in Parliament will kick against the planned issue of a 15-year bond to clear energy sector debts if the Akufo-Addo administration does not come clean on key details about this particular bond. Speaking on Eyewitness News, NDC Member of Parliament for Yapei Kusawgu, John Jinapor, said the Minority is trying to avoid the […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,10,11],"tags":[6384,7551,3],"yoast_head":"\nMinority to 'vehemently' resist $2.4bn bond if... - John Jinapor - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minority to 'vehemently' resist $2.4bn bond if... - John Jinapor - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The Minority in Parliament will kick against the planned issue of a 15-year bond to clear energy sector debts if the Akufo-Addo administration does not come clean on key details about this particular bond. Speaking on Eyewitness News, NDC Member of Parliament for Yapei Kusawgu, John Jinapor, said the Minority is trying to avoid the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-31T06:00:32+00:00\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/\",\"url\":\"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/\",\"name\":\"Minority to 'vehemently' resist $2.4bn bond if... - John Jinapor - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2017-05-31T06:00:32+00:00\",\"dateModified\":\"2017-05-31T06:00:32+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Minority to ‘vehemently’ resist $2.4bn bond if… – John Jinapor\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Minority to 'vehemently' resist $2.4bn bond if... - John Jinapor - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/","og_locale":"en_US","og_type":"article","og_title":"Minority to 'vehemently' resist $2.4bn bond if... - John Jinapor - Citi 97.3 FM - Relevant Radio. Always","og_description":"The Minority in Parliament will kick against the planned issue of a 15-year bond to clear energy sector debts if the Akufo-Addo administration does not come clean on key details about this particular bond. Speaking on Eyewitness News, NDC Member of Parliament for Yapei Kusawgu, John Jinapor, said the Minority is trying to avoid the […]","og_url":"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2017-05-31T06:00:32+00:00","author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/","url":"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/","name":"Minority to 'vehemently' resist $2.4bn bond if... - John Jinapor - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2017-05-31T06:00:32+00:00","dateModified":"2017-05-31T06:00:32+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2017\/05\/minority-to-vehemently-resist-2-4bn-bond-if-john-jinapor\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"Minority to ‘vehemently’ resist $2.4bn bond if… – John Jinapor"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/323885"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=323885"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/323885\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=323885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=323885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=323885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}