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Ghana Finance Minister to Ask Court to Annul Anti-Graft Finding

Ghana Finance Minister to Ask Court to Annul Anti-Graft Finding

(Bloomberg) -- Ghana’s Finance Minister Ken Ofori-Atta will ask a court to set aside a finding by the nation’s graft ombudsman that he didn’t fully declare his assets when he assumed his cabinet position last year.

While a ruling by the Commission on Human Rights & Administrative Justice in December cleared Ofori-Atta of unduly benefiting from the sale of more than $2 billion in domestic bonds, the body found that he didn’t properly disclose his interests in Data Bank Group, a company he co-founded, and other business ventures, Information Minister Mustapha Hamid said Thursday in a broadcast on Joy FM. The complaint over the bonds was brought by the opposition National Democratic Congress after the sale of the debt in March.

Ofori-Atta disputes that he didn’t fully declare his assets and will go to court to annul that particular clause of the graft ombudsman’s findings, Hamid said.

To contact the reporter on this story: Ekow Dontoh in Accra at edontoh@bloomberg.net.

To contact the editors responsible for this story: Rene Vollgraaff at rvollgraaff@bloomberg.net, Andre Janse van Vuuren

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