NDC will stay in opposition forever if…Moro Kabore

A Communications Team Member of the ruling New Patriotic Party (NPP) Moro Kabore has prophesised doom for the opposition National Democratic Congress (NDC) saying they will ‘rot’ in opposition for a longer period if they continue to lazy around.

The NDC accused the Minister of Finance Ken Ofori Atta of conflict of interest in the issuance of the domestic US$2.25 billion bond.

But Mr Kobore said members of the NDC have not exhibited the qualities of a political party in opposition prepared to put the government on its toes.

‘They have so far not exhibited the qualities of a party in opposition offering credible opposition to the government, and I fear, they may be in opposition forever if they continue with this ‘Lazy’ attitude,’ he said.

He lashed out at the NDC for distorting fact about the issuance of the Euro bond.

‘If not for ignorance, why would their communicators/parliamentarians compare the Eurobond secured during their tenure with the domestic bond that has just been issued?

If not for ignorance, why would their communicators and their parliamentarians raised the issue of lack of transparency when the IMF, BOG, World Bank, GOG, MoE, the bookrunners (prominent banks) including my humble self (a nobody) etc are aware of government intention to issue a domestic bond and was publicly advertised? If not for ignorance, why would they raise an issue with the buyer, Franklin Templeton ( not a person but a fund management as initially thought by the NDC) when they (FT) have always participated in the buying of bond since 2006 and as recently as 2015 when the NDC was in government?,’ he asked.

 

Read details of the statement:

THE IGNORANT MINORITY

It is an undeniable fact that, the minority has every right to keep the government on its toes by scrutinizing any issue/issues that in their view may not inure to the benefit of the ‘ordinary’ Ghanaian or the tax payer as they prefer to call it. I, a patriotic Ghanaian, will support the minority if their intentions are devoid of the usual political mischief aimed at scoring cheap political capital.

However, I am in a difficulty understanding the beef of our colleagues on the other side of the political divide with regards to the issues raised concerning the issuance of the domestic bond that has so far received positive reviews from industry players, both local and foreign.

As naive as I am on economic matters, the issues they pointed out as the reasons for their reservations seem mundane to me and to a lot of people who understand how the market works, especially with the processes leading to the floating/issuance of bonds. It is also worrying when people who should know better, intentionally distort the fact just to satisfy their personal political interest at the expense of the nation’s interest, knowing very well that, their reservations are misplaced and without any merit whatsoever. And commentaries to that effect from them (NDC) so far points to only one conclusion

– IGNORANCE.

If not for ignorance, why would their communicators/parliamentarians compare the Eurobond secured during their tenure with the domestic bond that has just been issued?

If not for ignorance, why would their communicators and their parliamentarians raised the issue of lack of transparency when the IMF, BOG, World Bank, GOG, MoE, the bookrunners (prominent banks) including my humble self (a nobody) etc are aware of government intention to issue a domestic bond and was publicly advertised? If not for ignorance, why would they raise an issue with the buyer, Franklin Templeton ( not a person but a fund management as initially thought by the NDC) when they (FT) have always participated in the buying of bond since 2006 and as recently as 2015 when the NDC was in government?

If not for ignorance, why would they conclude that, only two (2) entities participated when in actual fact, the numbers that participated are as many as 25 as evidenced from all available facts? If not for ignorance, why would they not deal with the fact as provided by the Ministry of Finance than to attack the person of Dr. Alhaji Bawumia and the Finance Minister, Ken Ofori Atta?

If not for ignorance, why would they have called for a prior parliamentary approval when the approved budget as presented by the Finance Minister has already given him the powers to finance the deficit through issuance of domestic bonds?

The attitude and the conduct of the Minority in parliament is becoming unacceptable with regards to what is expected of them as to ‘police’ the actions/inactions of government.

They have so far not exhibited the qualities of a party in opposition offering credible opposition to the government, and I fear, they many be in opposition forever if they continue with this ‘Lazy’ attitude. Did I also hear that, they intend to go to court if their bogus and empty reservations are not attended to?

Lord have Mercy!!!! MK

Signed By Moro Kabore NPP communications team member ( deputy regional director )

 

By: Ghana/Ultimatefmonline.com/106.9FM