The minister-designate, who is facing the Appointment Committee of Parliament, made the disclosure when he was asked by the Member of Parliament for Madina, Mr. Francis-Xavier Sosu, about the cost of COVID-19 to the Ghanaian economy.
“Mr. Chairman, COVID-19 cost us directly about 21 billion Ghana Cedis. Of that amount, GHC18 billion was funded or finance through borrowing. The rest came in as grants and some money from the stabilization fund,” Mr. Charles Adu Boahene said.
Asked about his company’s involvement as transaction advisers to the Bank of Ghana in the issuance of bonds, he noted that he resigned from the company in 2017 and does not get involved in the business deals of the firm.
“Mr. Chairman, as I mentioned earlier, I resigned from the board and management of Black Star Advisors in 2017. I have no role and I do not participate in their business dealings,” he said.
His comments follow an accusation by the Member of Parliament for Bolgatanga Central, Isaac Adongo, that he used his past position as Deputy Minister of Finance to grant undue benefit to his firm, Black Stars Advisors, in the issuance of government bonds.
Content created and supplied by: A-news (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More