Government Bond Issues I wasn’t privy to $2.25bn bond issue – Gloria Akuffo

The Attorney General Gloria Akuffo denied knowledge of the recent bond auctioned by government even though such a deal demands the legal input from the Attorney General’s office.

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The Attorney General, Gloria Akuffo, has said that she did not know anything about the recent $2.25 billion bond issued by government.

This follows allegations by the Minority in Parliament implicating her in a possible conflict of interest.

She denied knowledge of the action taken by the Minister of Finance even though such a deal demands the legal input from the Attorney General’s office.

Responding to the allegations levelled against her on Accra-based Citi FM, Gloria Akuffo said she heard of the bond for the first time from a press conference held by the minority in Tuesday, where the allegations were made.

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“I don’t know whether as a matter of fact these things have happened in what form or on what date which should inform any legal position on my part.”

At the press conference, the Minority alleged that, a non-executive director on the board of Investment Firm, Franklin Templeton, who purchased 95 percent of the $2.25 billion bond, is also the Chairman of the Enterprise Group, which has links to the Attorney-General and the Finance Minister.

But she explained that she was “never the director of Enterprise Group.”

“There is a difference between the governing body of Enterprise Group and Enterprise life… I am not aware and I have not been part of any transaction involving the entity which was the subject matter of the [Minority] press conference.”

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She rather made it clear that she served as a non-executive Director for Enterprise Life, which is a sub-sect of Enterprise Group.

She added that she resigned as a member of the board on April 1, 2017, where she also chaired the Human Resource Group Committee.

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According to the Attorney General, the Enterprise Group holds a number of entities which are limited liability companies on their own; including Enterprise life, Enterprise trustees, Enterprise Funeral Services, Enterprise properties and Enterprise Insurance.

“The governance arrangement is that, there is a group board separate, and apart from these other companies, one of which I served on as a non-executive director, and I am saying that as far as I am aware, Enterprise Life, on which I served, was never involved in the transaction which is the subject-matter of debate now. I am also not aware that Enterprise Group as an entity was involved in this transaction.”

Meanwhile the Minority in Parliament has called for a full-scale parliamentary probe into how close associates of the Fianance Minister purchased 95 percent of Ghana’s recent $2.25 billion bond.

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