Audio By Carbonatix
The Minister of Finance Dr. Kwabena Duffuor has told Parliament that his the ministry did nothing wrong by not seeking parliamentary approval for bonds issued to raise money to clear the Tema Oil Refinery debt.
He said this when he appeared before Parliament to answer questions over some key issues, particularly on why he did not seek parliamentary approval before issuing bonds to clear the Tema Oil Refinery debt.
According to Joy FM’s Sammy Darko, the Finance Ministry explained that since the bonds were approved in the 2010 budget under the Domestic Financing Package, they did not need go back to Parliament for approval.
However, when the Minister's attention was drawn to Article 181 of the 1992 Constitution and told that the issue of bonds fall under the category of loans and that the terms and conditions should have come before Parliament for approval, he said he would consult the Attorney General about the right procedure on the issuance of bonds.
Meanwhile MPs have paid tribute to the late MP for Wulensi, Alhaji Saani Idi who passed away on Monday at the Korle-Bu Teaching Hospital.
The remains of the MP who died after a short illness have been laid to rest at Tema, in accordance with the Islamic tradition.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Boy, 12, dies from injuries after Sydney shark attack
6 minutes -
South Sudan army chief gives soldiers seven days to crush rebellion
19 minutes -
Nkrumah Park raked in GH¢10m in 2025: 266,000 tourists visited facility – Executive Director
1 hour -
Ukraine condemns ‘brutal’ Russian strikes ahead of second day of peace talks
2 hours -
Mandela’s prison key, sunglasses and shirt can be sold after daughter wins court battle
2 hours -
GES cautions public against fake recruitment letter circulating on social media
2 hours -
Prof. Gyampo welcomes joint task force and currency stability to support transport sector
2 hours -
Kennedy Agyapong campaign team says peace pact was not received before NPP signing
2 hours -
Roads Minister urges chiefs to monitor road contractors as Mahama pushes infrastructure completion
2 hours -
Police arrest 38-year-old man over suspected narcotics in a GHS vehicle
2 hours -
2,949 killed in 14,743 road crashes in 2025 – NRSA
2 hours -
Inusah Fuseini: Ofori-Atta’s wife confronted ex-AG Gloria Akuffo over ‘slow’ NDC trial pace under Akufo-Addo
3 hours -
Joy FM’s Strong and Sassy has a new host, aKorfaÂ
3 hours -
Joy at the Mall: Day 2 in full swing at Achimota Retail Centre
3 hours -
Bawa Rock Ltd donates GH₵200k to KATH to support indigent patients
3 hours
