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Finance Ministry Responds To Minority Over Claims $2.5bn Bond Issuance Was Fraudulent – STATEMENT

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The Minority in Parliament have been alleging wrongdoing on the part of Finance Minister Ken Ofori-Atta, in the recent issuance of a $2.5bn domestic bond issued by the Government of Ghana and purchased by the Franklin Templeton (FT) group.

One of the FT directors has ties to the finance minister, and that, the Minority claims, raises issues over conflict of interest.

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READ The 2017 Budget Statement Of Ghana (Full Text/PDF Download)

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The finance minister, Ken Ofori-Atta, presented the 2017 budget statement to Parliament earlier today (Thursday, March 2).

The budget, the first under the Nana Akufo-Addo administration, has been dubbed the ‘Asempa’ budget by supporters and is aimed at cutting taxation and unleashing economic growth.

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