Minister of Finance, Ken Ofori-Atta is to appear before the Supreme Court today, March 29, 2018 over the $2.25 billion Eurobond saga.

The co-founder of Data Bank was dragged to the Supreme Court along with the Commission on Human Right and Administrative Justice (CHRAJ) and two others by the Dynamic Youth Movement of Ghana (DYMOG) .

The saga around the lawsuit erupted last year after the minority in Parliament raised an issue of conflict of interest after the minister announced the successful issuance of 15 and seven years’ bond with the coupon rate of 19.5%, raising a total of $1.13 billion.

DYMOG in their suit stated that the bond raised the cedi equivalent of $1.12 billion in five years and 10 years bonds via a tap in arrangement meaning the total amount raised through the bonds as of April 3, 2017 was $2.25 billion.

On April 25, last year, a citizen, Yaw Brogya Genfi, petitioned CHRAJ to investigate the bond transaction because he suspects that the Finance Minister was involved in what he described as “conflict of interest.”

CHRAJ, after five months of investigation, cleared the minister with directives in relation to the bond issuance in order to ensure transparency and clarity.

But, DYMOG has taken a swipe at the clearance of the minister by CHRAJ and has therefore filed a suit at the Supreme Court dragging CHRAJ and two others in the action premised on Article 130(1)(a)of the 1992 Constitution.