The Strategic Thinkers Network (STRANEK), a policy think tank in the country is urging Finance Minister Ken Ofori-Atta to step aside for effective investigation into the $2.25 Billion Bond.
It is alleged that, the minister created the bond for his friends to benefit after a major share was bought by Trevor Trefgan, owner of Franklin Templeton who is also a board member of a company belonging the said minister.
The minority in parliament have express gross dissatisfaction over the issue and hence involved the Commission on Human Right and Administrative Justice to probe the bond for better clarifications.
Meanwhile the first deputy speaker of parliament, Joe Osei Wusu has urged Ghanaians to focus of the positive sides of the bond.
This, STRANEK has in a press statement argued that, the presence of the minister still being at post pending investigation will be a worry hence requests that he steps aside.
The statement was signed by the Executive Director of the group, Nii Tettey Tetteh.
Below is the full release;
MR KEN OFORI-ATTA MUST STEP ASIDE PENDING CHRAJ’S ENQUIRY INTO THE CONTROVERSIAL $2.25 BILLION BOND ISSUE-STRANEK
An issue which has come to our attention is the widespread controversy surrounding Government’s $2.25 billion bond issue early this year.
We at Strategic Thinkers Network (STRANEK), a policy think tank whose mission is to provide practical recommendations on issues of politics and governance for the benefit of Ghana have microscopically been following events surrounding the deal which, particularly has received the widespread condemnation from industry experts and civil society. Moreover, this controversial issue has once again put the country on the spotlight for the wrong reasons, with investors nursing the fear of buying Government of Ghana (GOG) bonds.
STRANEK finds worrying possibilities of “conflict of interest” in the deal, consequent to which a petition has been presented to Commission of Human Rights and Administrative Justice (CHRAJ) stating that the Minister for Finance, Mr. Ofori-Attah, “has attempted to promote a private, personal interest for himself or for some family members and business associates and the promotion of the private interest has resulted in, or was intended to result in, or appears to have resulted in, or has the potential to result in an interference with the objective exercise of his duties and an improper benefit or an advantage by virtue of his position”, necessitating a call for an investigation into the bond deal.
In order to bring finality to the matter, we at STRANEK find it prudent to humbly ask the high office of the country to ensure that Mr. Ken Ofori-Atta steps aside as Minister for Finance pending investigations into the matter before CHRAJ. This is to help avert possibilities of the Finance Minister tampering with evidence which may help CHRAJ in its investigations.
It is also to allow the Commission the needed space to dig deep into the matter and present transparent findings which will be acceptable by the Ghanaian people.
STRANEK reiterates the pivotal campaign promise by H.E. Nana Addo Danquah Akufo-Addo to Ghanaians on a clean and transparent government in addition to his unflinching commitment to fight corruption irrespective of who is involved.
Indeed, we at STRANEK admire his zeal and adrenaline to end corruption. Thus, it is our humble view that it would be in the interest of this country for him to preserve the sanctity, reputation and investor-confidence of the nation by giving our request the needed consideration.
STRANEK recommends that unless and until CHRAJ finally concludes investigations into the$2.25 billion bond deal, Mr. Ken Ofori-Atta must step aside.
We are involved in building our motherland Ghana.
Nii Tettey Tetteh