{"id":398202,"date":"2017-07-05T06:48:13","date_gmt":"2017-07-05T06:48:13","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/07\/05\/a-g-bog-dragged-to-court-over-controversial-2-25-billion-bond-issue\/"},"modified":"2017-07-05T06:48:13","modified_gmt":"2017-07-05T06:48:13","slug":"a-g-bog-dragged-to-court-over-controversial-2-25-billion-bond-issue","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/07\/05\/a-g-bog-dragged-to-court-over-controversial-2-25-billion-bond-issue\/","title":{"rendered":"A-G, BoG dragged to court over controversial $2.25 billion bond issue"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><a href=\"http:\/\/adomonline.com\/ghana-news\/wp-content\/uploads\/2017\/03\/14.jpg\" data-caption=\"Gloria Akufo\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/07\/14-696x464.jpg.pagespeed.ce.0G1_hdTUj7.jpg\" alt=\"\" title=\"Gloria Akufo\" data-pagespeed-url-hash=\"2613680826\" onload=\"pagespeed.CriticalImages.checkImageForCriticality(this);\"\/><\/a><figcaption class=\"wp-caption-text\">Gloria Akufo<\/figcaption><\/figure>\n<\/div>\n<p>Private legal practitioner, Victor Adawudu, has dragged the Attorney-General and the Bank of Ghana to court over the controversial 2.25 billion dollar bond issue in April.<\/p>\n<p>He is among other things praying the Supreme Court to direct the A-G, Gloria Akuffo and the Finance Ministry to furnish him with copies of documents in respect of the bond transaction.<\/p>\n<p>Mr Adawudu\u2019s action follows the failure by Gloria Akuffo to provide same in a petition by the lawyer in May this year to the A-G.<\/p>\n<p>Gloria Akuffo had told\u00a0Mr Adawudu that documents covering the bond issue are unavailable to her.<\/p>\n<p>\u201cI acknowledge receipt of your letter bearing reference number LL\/17\/26 and dated 4th May , 2017 on the above subject matter. Please be informed that the information being sought per your letter is not available to me and I am therefore unable to respond to the questions posed therein,\u201d she had responded.<\/p>\n<p>The Finance Ministry in April this year auctioned a total of 2.25 billion dollars in four bonds. The first two bonds, totalling 1.13 billion dollars, was issued at 15 and 7 years period with the same coupon of 19.75%.<\/p>\n<p>In addition, the Ministry of Finance raised the Cedi equivalent of 1.12 billion dollars in 5 and 10-year bonds via a tap-in arrangement.<\/p>\n<p>The Minority in Parliament has raised concerns over the bond issue and has called for a full-scale parliamentary probe into how some persons they referred to as very close friends of the Finance Minister, Ken Ofori-Atta, purchased 95% of Ghana\u2019s recent 2.25 billion dollar bond.<\/p>\n<p>Mr\u00a0Adawudu told Joy News on Tuesday that he believes the Court will enforce his fundamental human right and compel the A-G to find and produce the documents.<\/p>\n<p>\u201cShe represents the government. It is her duty to get information from all the agencies to come and speak for government,\u201d he stressed.<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gloria Akufo Private legal practitioner, Victor Adawudu, has dragged the Attorney-General and the Bank of Ghana to court over the controversial 2.25 billion dollar bond issue in April. He is among other things praying the Supreme Court to direct the A-G, Gloria Akuffo and the Finance Ministry to furnish him with copies of documents in [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":398203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-398202","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A-G, BoG dragged to court over controversial $2.25 billion bond issue - Ghanamma.com<\/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:\/\/www.ghanamma.com\/2017\/07\/05\/a-g-bog-dragged-to-court-over-controversial-2-25-billion-bond-issue\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"A-G, BoG dragged to court over controversial $2.25 billion bond issue - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Gloria Akufo Private legal practitioner, Victor Adawudu, has dragged the Attorney-General and the Bank of Ghana to court over the controversial 2.25 billion dollar bond issue in April. 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