{"id":387301,"date":"2017-12-30T10:00:22","date_gmt":"2017-12-30T10:00:22","guid":{"rendered":"http:\/\/citifmonline.com\/?p=387301"},"modified":"2017-12-30T09:24:11","modified_gmt":"2017-12-30T09:24:11","slug":"chraj-report-grounds-ofori-attas-removal-brogya-genfi","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/12\/chraj-report-grounds-ofori-attas-removal-brogya-genfi\/","title":{"rendered":"CHRAJ report grounds for Ofori-Atta\u2019s removal \u2013 Brogya Genfi"},"content":{"rendered":"<p>A leading member of the National Democratic Congress (NDC), Yaw Brogya Genfi says the Minister of Finance, Ken Ofori-Atta risks being removed from office over his failure to follow statutory procedures in the issuance of the government\u2019s $2.25bn bond.<\/p>\n<p>He made the comment in reaction to CHRAJ\u2019s release of the report on its investigation of the minister over allegations of conflict of interest in the issuance of the bond.<\/p>\n<p>[contextly_sidebar id=&#8221;8Sj8pZnaioH2KoiRDr7a6rPwsEFuSjY1&#8243;]Genfi, who petitioned CHRAJ in April 2017 over the allegation said in a statement copied to<strong> citifmonline.com<\/strong> that he was studying the 140-page report with his lawyers and will indicate publicly his remarks \u201cin due course\u201d.<\/p>\n<p>CHRAJ, after months of investigation, said Mr. Ofori-Atta<strong><a href=\"http:\/\/citifmonline.com\/2017\/12\/29\/ofori-atta-breached-processes-issuance-2-25bn-bond-chraj\/\">\u00a0breached certain processes<\/a><\/strong>\u00a0in the issuance of the bond, however, it cleared him of all claims of\u00a0<strong><a href=\"http:\/\/citifmonline.com\/2017\/12\/29\/chraj-clears-ofori-atta-of-conflict-of-interest-in-2-25bn-bond-saga\/\">conflict of interest<\/a>\u00a0<\/strong>in\u00a0the issuance of the bond.<\/p>\n<p>\u201c..the evidence so far indicts him [Ken Ofori-Atta] of several illegalities which constitutes enough grounds for his removal from office,\u201d he said.<\/p>\n<p>He further commended CHRAJ for \u201ca meticulous work done.\u201d<\/p>\n<p><strong>We&#8217;ve been vindicated &#8211; Minority<\/strong><\/p>\n<p>Meanwhile, the Minority in Parliament believe they have been vindicated CHRAJ&#8217;s findings on the matter.<\/p>\n<p>In a statement copied to<strong>\u00a0citifmonline.com,<\/strong>\u00a0the Minority Leader, Haruna Idrissu, said \u201cthe adverse findings contained in the decision of the CHRAJ vindicate our position that the US$ 2.25 Billion bond issuance was fraught with irregularities and did not comply with Ghanaian law.\u201d<\/p>\n<p>The Minority say they will hold a press conference in the coming week on the outcome of CHRAJ&#8217;s investigations.<\/p>\n<p><strong>How did this start?<\/strong><\/p>\n<p>Parliament in June 2017,\u00a0\u00a0<a href=\"http:\/\/citifmonline.com\/2017\/05\/31\/parliament-orders-finance-minister-to-brief-mps-on-2-25bn-bond\/\"><strong>summoned<\/strong><\/a>\u00a0the Finance Minister to provide detailed information on the 2.25 billion dollar bond, following a motion filed by the Minority.<\/p>\n<p>Concerns had been raised, particularly by the opposition, in relation to the transparency of the $2.25 billion domestic bond, with some noting that the apparent secrecy over the deal fueled the allegations of conflict of interest against the Finance Minister, Ken Ofori Atta.<\/p>\n<p>The Minority 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<p>The Minority eventually called for a full-scale parliamentary probe into the bond issue.<\/p>\n<p>&#8211;<\/p>\n<p>By: Jonas Nyabor\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A leading member of the National Democratic Congress (NDC), Yaw Brogya Genfi says the Minister of Finance, Ken Ofori-Atta risks being removed from office over his failure to follow statutory procedures in the issuance of the government\u2019s $2.25bn bond. He made the comment in reaction to CHRAJ\u2019s release of the report on its investigation of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":387201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[58,10,11],"tags":[7641,3580,3],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CHRAJ report grounds for Ofori-Atta\u2019s removal \u2013 Brogya Genfi - 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\/12\/chraj-report-grounds-ofori-attas-removal-brogya-genfi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHRAJ report grounds for Ofori-Atta\u2019s removal \u2013 Brogya Genfi - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"A leading member of the National Democratic Congress (NDC), Yaw Brogya Genfi says the Minister of Finance, Ken Ofori-Atta risks being removed from office over his failure to follow statutory procedures in the issuance of the government\u2019s $2.25bn bond. He made the comment in reaction to CHRAJ\u2019s release of the report on its investigation of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/12\/chraj-report-grounds-ofori-attas-removal-brogya-genfi\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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