Every government or democracies tries its maximum and possible best to reduce cases and scenarios of conflicts of interest. This is because such cases has some rippling effects on a “fought for” democracy and the principle of accountability. Such issues also carries some legal consequences.
After some time when Nana Addo appointed Finance Minister, Ken Ofori and Adu Boahen as Deputy Finance Minister in 2017, the National Democratic Congress has continuously been blowing the whistle on conflicts of interest cases associated with these two people.
The NDC and other neutral intellects have argued that Ken Ofori Atta has been enriching himself by leading the country to go for more loans. The question is how? Interestingly, one would think that the Finance Minister will directly steal from the coffers. However, he has intelligently and tactically used this method to gain more money without any legal implications.
A member of the National Democratic Congress communication and legal team, Edudzi Tamakloe, has dropped more evidence to substantiate the claims of the National Democratic Congress. The evidence provided the shareholder percentage that Ken Ofori Atta and Adu Boahen have in both Data Bank and the Black Star Brokerage advisory. Evidently, Ken Ofori Atta is the leading shareholder in Data bank with the most shares, approximately 11 percent.
For Black Star Brokerage advisory, Adu Boahen had a collosal amount of 95 percent shares. So it is understandable and one cannot help but agree with the NDC when they say that the more Ghana goes in for more Eurobonds, the more Ken and Adu Boahen gets richer. This is in the sense that, Ken Ofori Atta has made the Data Bank, the advisory agent to the government whenever the government wants to issue a bond. And another interesting area for discussion is the amount or percentage of the bond Data Bank charges for their service.
Thus, it becomes very hard to understand when some people refute claims of conflicts of interest in the NPP government.
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