GHANA’S OPPOSITION CALLS F0R 19 BLN USD MOU WITH CHINA TO BE MADE AVAILABLE TO PARLIAMENT

ACCRA, The Minority Caucus in the Ghanaian Parliament has challenged Vice-President Dr Mahamudu Bawumia and the ruling New Patriotic Party (NPP) to make available to Parliament details of the 19 billion US dollars Memoranudm of Understanding (MoU) signed between Ghana and China.

According to the opposition Members of Parliament, a recent Supreme Court ruling on the two Guantanamo Bay inmates made it imperative for the government to bring the MoU signed with the Chinese government to Parliament for approval because Article 75(2a&b) of the Constitution states that a treaty, agreement or convention executed by or under the authority of the President shall be subject to ratification of (a) Act of Parliament (b) A resolution of Parliament supported by a vote of more than a half of Members Parliament.

Haruna Iddrisu, the Leader of the Minority in Parliament, stated this at a media briefing at Parliament Wednesday to share the opposition’s position on a number of significant national issues of paramount importance. Some of the issues raised at the media briefing included the 2.25 billion USD bond issue, the energy sector and the recent 19 billion USD MoU signed with China.

Iddrisu also stated that the explanation by Dr Bawumia to the effect that the 19 billion USD MoU between Ghana and China was a partnership and not a loan was incorrect since the nation would have to guarantee the facility with its bauxite resources.

He said the best way for the government to demonstrate transparency and good government was to make available details of the MoU to Parliament for scrutiny.

Iddrisu also announced that the Minority had resolved to continue to pursue its petition on the 2.25 billion USD bond at the Security and Exchange Commission (SEC) of the United States of America with renewed vigour.

He said investigations by the Minority revealed that although the parent company Franklin Templeton was registered in the United States, it appeared it used a subsidiary company registered in Luxembourg to purchase 95 per cent of the bond.

He said to satisfy additional jurisdictional issues, based on this revelation, a group of Minority MPs comprising Dr Dominic Ayine, Samuel Okudzeto Ablakwa and Isaac Adongo have filed a whistle-blower complaint with the regulator in Luxembourg known as the Commission de Surveillance de Secteur Financier (CSSF) which had begun looking into the matter.

Iddrisu also assured the nation that the Minority would continue to cooperate with ongoing international investigations to the best of their abilities and with good intentions in the supreme interest of Ghana.

Source: NAM NEWS NETWORK