File arguments within 21 days – Supreme Court to parties in $2.25bn bond case

The Supreme Court has asked parties in the suit in which the Finance Minister Ken Ofori-Atta has been sued over the issuance of a $2.25 billion bond in 2017, to file their legal arguments within 21 days.

According to the court, lawyers of the Dynamic Youth Organisation of Ghana (DYMOG) the plaintiffs in the case and the Attorney General should file their arguments simultaneously, in other for a date to be set for judgment.

DYMOG in January 2018 sued the Finance Minister, the Attorney General and the Commission for Human Rights and Administrative Justice (CHRAJ) over the $2.25 billion bond issuance.

The group in its suit is invoking the proper jurisdiction of the Supreme Court to interpret Article 284 of the 1992 constitution which states that: “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.”

The applicants contend 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.



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