News:
January 22, 2021
The National Democratic Congress Minority in Parliament has filed a complaint with the Securities and Exchange Commission (SEC) of the United States of America over the controversial $2.25bilion domestic bond, issued in April 2017.
This was made known in a statement signed by the Minority leader Hon. Haruna Iddrisu, in fulfillment of a pledge the Minority made on the 17th of April 2017 at a press conference.
According to the Minority, their action will lead to the US regulatory body investigating the bond issuance in which a company registered in the States, Franklin Templeton, purchased 95 percent of 15-year and 7-year bonds.
“The SEC will primarily be investigating suspected conflict of interest and inside trading which are violation of US law by the Hon. Trevor G. Trefgarne who is a Director of Franklin Templeton and a Board Chairman of Enterprise Group –a company owned and founded by the Finance Minister of Ghana, Hon. Ken Ofori Atta”, in a statement by the Minority.
Ranking Member on the Foreign Affairs Committee, Hon. Samuel Okudzeto Ablakwa on behalf of the Minority filed the petition, with Enforcement Division of the SEC in Washington DC on the 1st of May 2017.
The Minority further emphasised that, it was committed in assisting with investigation in any way they can, in the supreme national interest of Ghana and the United State of America.
By:Kwaku Sakyi-Danso/ghanamps.com