{"id":461276,"date":"2018-02-04T09:30:29","date_gmt":"2018-02-04T09:30:29","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/04\/ken-ofori-atta-most-dangerous-person-to-ghanas-financial-future-adongo\/"},"modified":"2018-02-04T09:30:29","modified_gmt":"2018-02-04T09:30:29","slug":"ken-ofori-atta-most-dangerous-person-to-ghanas-financial-future-adongo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/04\/ken-ofori-atta-most-dangerous-person-to-ghanas-financial-future-adongo\/","title":{"rendered":"Ken Ofori Atta most \u2018dangerous\u2019 person to Ghana\u2019s financial future \u2013 Adongo"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">General News of Sunday,  4 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>radiogold905.com<\/p>\n<p>2018-02-04<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/07\/87380489.295.jpg\" alt=\"Isaac Adongo Bolga Central MP\" title=\"Isaac Adongo Bolga Central MP\" width=\"295\" height=\"158\" \/><span class=\"image_caption\"><span>Isaac Adongo, Bolga Central MP<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1517736629_710_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">Member of Parliament for Bolga Central, Isaac Adongo has described the Finance Minister, Ken Ofori-Atta as the biggest risk to Ghana\u2019s financial market.<\/p>\n<p>His comments come in the wake of the Minority\u2019s demand for the resignation of the Finance Minister on the basis of the findings made against him in the report of the Commission for Human Rights and Administrative Justice\u2019s (CHRAJ) report on the 2.25 billion dollars bond.<\/p>\n<p>The Bolga Central MP said the Minister poses a great threat to the gains made by the country in putting in place strong financial market regulations.<\/p>\n<p>\u201cUntil you get rid of Hon. Ken Ofori-Atta he would destroy everything that Ghana has stood for in the capital market over the last couple of decades,\u201d he alleged.<\/p>\n<p>Isaac Adongo said this has become necessary because of the actions of the Finance minister.<\/p>\n<p>\u201cThe CHRAJ Report is very clear that the Public Financial Management Act, which is in the bosom of the Minister Finance in fact it is the primary document that the Minister of Finance is supposed to respect in the efficient financial governance of this country, he has disregarded and breached it.\u201d<\/p>\n<p>\u201cIt says that the Bank of Ghana\u2019s own regulation and procedure almost every single one of them was sidestepped in order to issue this bond,\u201d he explained.<\/p>\n<p>He also referred to questions raised about the Minister\u2019s asset declaration form as captured in the CHRAJ report to further question the Minister\u2019s suitability for office.<\/p>\n<p>\u201cHe filed his asset declaration form and made sure that even those companies that he registered in Ghana that Ghanaians know, he didn\u2019t indicate them; we know that Hon. Ken Ofori Atta is reported to have interests in companies in even tax havens.\u201d<\/p>\n<p>\u201cYou read the Paradise papers; this is a man whose has offshore bank accounts in Caymen Islands and yet even those companies in Ghana, he failed to disclose them,\u201d he noted.<\/p>\n<p>Isaac Adongo also claimed the Finance Minister is still continuing with the violation that has landed him in hot waters.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/content.jwplatform.com\/players\/RokZyj7r-GtVgZhNx.html\" width=\"600\" height=\"350\" frameborder=\"0\" scrolling=\"auto\" allowfullscreen=\"\" style=\"position:absolute;\"><\/iframe><\/p>\n<p>\u201cEven when people have filed a petition against him, Ken Ofori-Atta now intensifies this singular dishonourable conduct,\u201d he bemoaned.<\/p>\n<p>\u201cIn September, Ken went on the market and issued another tap issue, what you call sole sourcing of bonds to his cronies for 2.87 billion; it wasn\u2019t on the issuance calendar, it was just advertised one day and the next day by five hours they are done.\u201d<\/p>\n<p>\u201cIn October, when Ken had asked the bank of Ghana to issue the issuance calendar on the 7th of October, by the 10th of October just three days after that Ken appeared and said that he needed another 3.27 billion to be issued on a top or sole source which was not even in his issuance calendar.\u201d<\/p>\n<p>He added: \u201cin just November this year, Ken again went to the market and said he wanted to issue 5.5 billion on a sole source.\u201d<\/p>\n<p>\u201cIn total as we if you add the liquidity management that he borrowed in June, we are dealing with 21 billion Ghana cedis of sole sourcing of bonds under Ken Ofori Atta,\u201d he alleged.<\/p>\n<p>He further questioned: \u201cif this is not the most dangerous person to Ghana\u2019s financial future, who else is?\u201d<\/p>\n<p><iframe loading=\"lazy\" width=\"600\" height=\"350\" src=\"https:\/\/www.youtube.com\/embed\/4iqlgM8f7j8\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"\"><\/iframe><\/p>\n<p><!-- uploaded by: 39 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/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>General News of Sunday, 4 February 2018 Source: radiogold905.com 2018-02-04 Isaac Adongo, Bolga Central MP Member of Parliament for Bolga Central, Isaac Adongo has described the Finance Minister, Ken Ofori-Atta as the biggest risk to Ghana\u2019s financial market. His comments come in the wake of the Minority\u2019s demand for the resignation of the Finance Minister [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":404203,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-461276","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/461276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=461276"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/461276\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=461276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=461276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=461276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}