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Ghana’s Youth movement petitions government over 2.25bn bond

Ghana’s Youth movement petitions government over 2.25bn bond

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A youth movement in Ghana, has petitioned the country’s Securities and Exchange Commission to probe the government the government over a 2.25 billion bond.

The Dynamic Youth Movement of Ghana, in its petition, wants an administrative committee to investigate how the Ministry of Finance raised the bond in extreme secrecy.

According to the Youth Movement, the action lacked public awareness and transparency.

Among issues to be investigated are the announcement process, bidding process, auction process and how the interest rate of 19.75% was arrived at.

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