Private legal practitioner Jonathan Amable has clarified that his interlocutory injunction is not aimed at stopping the government from raising new Treasury Bills altogether.
This clarification follows his application to halt the government’s borrowing in the Treasury Bills market.
In a writ filed at the Supreme Court in both February and November 2024, Amable is seeking an order to prevent the government and its agents from issuing Treasury Bills without parliamentary approval, arguing that such actions violate the law.
Speaking on The Point of View with Bernard Avle on Channel One TV on Monday, November 25, Amable emphasized that the government can continue borrowing only if it secures the necessary approval from Parliament.
“Just to emphasise the point that what we’re seeking to do with the interlocutory injunction is not to prevent the government from raising new T-bills, we are saying that they can borrow, to the extent that they go and obtain parliamentary approval.”
Jonathan Amable argues that the government’s actions are contrary to the provisions of the 1992 Constitution. He further asserts that if this development is not prohibited, it will continue to have a dire effect on the economy.
The injunction application also requests that the Supreme Court declare the actions of the Ministry of Finance and the Bank of Ghana unconstitutional.
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