Supreme Court dismisses $2.25bn Eurobond suit against Ofori-Atta

The Supreme Court has in a unanimous decision dismissed the case filed against the Minister of Finance, Mr Ken Ofori-Atta, in the issuance of the $2.25 billion Eurobond in 2018.

The Chief Justice, Kwasi Anin-Yeboah who announced the decision said the reasons will be made available tomorrow, Wednesday.

DYMOG, the group that went to court over the issue accused the Finance Minister of procedural error and conflict of interest in the issuance of the bond.

It was the case of DYMOG that the Finance Minister in issuing the bond to Franklin Templeton had put himself in a conflict of interest situation because one of the directors of the US-based investment group Trevor Trefgarne is also a director of a company owned by the Minister.

The group in the suit invoked the proper jurisdiction of the Supreme Court to interpret Article 284 of the 1992 constitution which states: “A public officer shall not put himself in a position where his personal interest conflicts or is likely to conflict with the performance of the functions of his office”.

Among the reliefs, the group sought included; (a) A declaration that by going beyond investigations to make a pronouncement (of guilty or otherwise) on the 1st Defendant in respect of the allegation of breach of conflict of interest, the CHRAJ has contravened Article 287 of the 1992 Constitution.

 

The post Supreme Court dismisses $2.25bn Eurobond suit against Ofori-Atta appeared first on Citinewsroom - Comprehensive News in Ghana, Current Affairs, Business News , Headlines, Ghana Sports, Entertainment, Politics, Articles, Opinions, Viral Content.

Read Full Story