Audio By Carbonatix
Economist at the University of Ghana, Prof Godfred Bokpin, has described as tricky, moves by government to use part of the Heritage Fund to help in the fight against the novel coronavirus.
This comes on the back of a call by the Finance Minister, Ken Ofori Atta on Parliament to amend the Petroleum Revenue Management Act(APRM), ( Act 815 ), to allow government to access the Fund to combat the COVID-19 pandemic.
His call is supported by some members on the side of the Majority in light of the health crisis presented by the virus.
Chairman of the Finance Committee, Dr. Mark Assibey-Yeboah said “it would be absurd for Ghanaians to die while we hold USD591m in the Heritage Fund.
"I do not want to be a Member of Parliament at a time when the house decided not to touch the Heritage Fund and Ghanaians died. This is the time to dip our hands into the fund.”
But the Minority will have none of that.
Former Deputy Power Minister, John Jinapor, believes that cutting down on the number of Ministers and appointees under the Akufo-Addo-led administration is the way to go if government is indeed committed to mobilising resources to finance the alleviation measures.
“You cannot have a Ministry that has four ministers. You cannot have a system with all those bloated Presidential Staffers feeding on the purse of government… I support any decision to cap the stabilisation fund… [but] any attempt to eat into the Heritage Fund, we shall resist it vehemently,” he said.
But speaking on Joy FM’s Top Story Monday, Prof Godfred Bokpin described the proposal by the Majority as a tricky one as arguments from both sides carried some level of merits.
He, however, wants the government to explore other alternatives to secure the needed resources and let the Heritage Fund be the last resort towards financing the battle against COVID-19.
“I kind of agree with the Finance Minister but that it should be the last resort. Let’s look at other options. I am very happy to some extent that government appointees are pledging about 50% of their salaries and all of that,” he said.
According to the expert, this situation creates an avenue to reassess the government structure and reconsider the size of not just the executive but the legislature as well, per the resources expended in that regard.
“When we talk about the size (number of Ministers and government appointees) and the expenditure overall, I believe that let us extend it. Do we need 275 MPs? Maybe now that it is facing Parliament, let's take advantage. Let's Broaden the discussion.”
He emphasised that the time was ripe to execute institutional reforms that are ‘anchored within the law’ to help lessen the impact of the pandemic.
Latest Stories
-
Today’s Front pages: Tuesday, January 13, 2026
14 minutes -
Galamsey fight: Western Regional Minister calls for real-time monitoring of water bodies
16 minutes -
NPP has lost its identity, the current party is “fake” – Prof Frimpong-Boateng
27 minutes -
GRA targets GH¢225bn revenue in 2026 as VAT reforms take effect
35 minutes -
Heath Goldfields promises community-centered revival of Bogoso-Prestea Mine
37 minutes -
Ghana’s development visions lack scientific foundation – Frimpong-Boateng
40 minutes -
Interior Minister confirms arrest over fake security service recruitment scheme
42 minutes -
Ghanaians would’ve laughed at us if you were appointed Finance Minister – Richard Nyama to Stephen Amoah
45 minutes -
Police nab suspect who beat landlady to death at Agona Nyakrom
49 minutes -
Re-electing old flagbearer will be a “trainwreck” for NPP – Prof Frimpong-Boateng
50 minutes -
Police arrest seven alleged human traffickers, rescue 48 victims in Ho
54 minutes -
One dead, three injured in ghastly crash on Kibi–Suhum Road
59 minutes -
Bawumia is a nice person but can’t lead Nkrumah’s Ghana – Frimpong-Boateng
1 hour -
Amin Adam took over a rotten economy and fixed it; he isn’t your mate – Richard Nyama to Stephen Amoah
2 hours -
BoG sets strict Ghana Card rule for financial transactions
2 hours
