Finance Minister Ken Ofori Attah and CHRAJ sued

Finance Minister Ken Ofori Attah and the Commission for Human Rights and Administrative Justice, CHRAJ have been sued at the Supreme Court over the controversial $2.5 billion government bond.

The plaintiff, Dynamic Youth Movement of Ghana is questioning why the Finance Minister failed to declare his assets at Data Bank and its related firms before assuming office.

The group argues that “the failure of the 1st Defendant to declare his shareholding interests in Data Bank Financial Services Limited, Data Bank Brokerage Limited and Data Bank Financial Holdings Limited to the Auditor-General before taking office as Minister of Finance, as found by the 2nd Defendant at page 120 of the Report, contravenes Article 286(1) (a) of the 1992 Constitution.”

It further opposes that “the occupation by the 1st Defendant of the office of a director in Ventures and Acquisition Limited, a private company, while in office as the Minister responsible for finance without the due permission of the Right Honourable Speaker of Parliament on the grounds stated by the law, contravenes Articles 78(3) of the 1992 Constitution.”

The group is also convinced that “by issuing or overseeing the issuance of the said bonds to Templeton without disclosing his relational interest with a director at Templeton, one Trevor G. Trefgarne, the 1st Defendant has acted in contravention of Article 284 of the 1992 Constitution.”

The group is, therefore, seeking the Supreme Court to declare “that by issuing or overseeing the issuance of the said bonds without disclosing his interests in the securities industries in general, the 1st Defendant has acted in contravention of Article 284 of the 1992 Constitution.”

According to the government, the 2.5 billion dollar bond was issued to offset the legacy debts of the energy sector in order to create space for increased investment.

 

primenewsghana.com/Ghana News