{"id":326048,"date":"2017-06-07T06:24:24","date_gmt":"2017-06-07T06:24:24","guid":{"rendered":"http:\/\/citifmonline.com\/?p=326048"},"modified":"2017-06-07T06:24:24","modified_gmt":"2017-06-07T06:24:24","slug":"finance-minister-to-give-full-disclosure-on-2-25bn-bond-issue-today","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/06\/finance-minister-to-give-full-disclosure-on-2-25bn-bond-issue-today\/","title":{"rendered":"Finance Minister to give ‘full disclosure’ on $2.25bn bond issue today"},"content":{"rendered":"
Finance Minister, Ken Ofori-Atta will later today [Wednesday], appear before Parliament to\u00a0disclose the full details of the controversial $2.25 billion bond issued by the government in April 2017.<\/p>\n
This follows the passage of a half-hour motion last week by the House, to summon the minister to provide the full complement of documentation related to the issuance, the participants, the utilization of proceeds and the currency in which the bond was settled.<\/p>\n
[contextly_sidebar id=”v74jq0V39tpEFQVrSmHTOBZFsPk3Joya”]The motion was filed by the Minority Leader, Haruna Iddrisu.<\/p>\n
Mr. Iddrisu argued that, because the House approved the Appropriation Bill, any government expenditure in relation to it must come to Parliament.<\/p>\n
Concerns have been raised about the transparency of the $2.25 billion domestic bond government issued, with some noting that the alleged secrecy over the deal fueled the allegations of conflict of interest against the Finance Minister, Ken Ofori Atta.<\/p>\n