Audio By Carbonatix
The Minority in Parliament has demanded that the alleged ¢22 billion printed by the Central Bank be added to the current debt stock of the country.
Currently standing at ¢393 billion, Ranking Member on the Finance Committee, Dr Cassiel Ato Forson says adding that to the debt stock will shoot it over 90%.
According to Mr Forson, conversations he has heard suggest that the government seeks to categorise the amount as an overdraft.
"This 22 billion is not part of the debt. So the debt number that they have reported of 393 billion excludes the 22 billion," he said in Parliament today.
He insisted in that "even if it is an overdraft, why is it not part of the public debt."
But the Deputy Finance Minister, John Kumah has defended his side's decision.
The Ejisu legislator claims the amount given to the government by the Central Bank does not necessarily mean fresh cash has been printed.
Meanwhile, Dr. Ato Forson claimed that the statement offered nothing and that Ghanaians including MPs and the Speaker are suffering.
On Monday, he accused the Bank of Ghana of printing fresh currency notes between January and June 2022.
The information, according to Dr Forson, is hidden on page 97 of Appendix 2(a) of the Mid-year budget under the section on Bank of Ghana.
Latest Stories
-
Parliament approves renaming of C.K. Tedam University to University of Technology and Applied Sciences, Navrongo
28 minutes -
Former Jasikan MCE returns to Bawumia camp
35 minutes -
Daily Insight for CEOs: The CEO’s role in stakeholder engagement and relationship management
41 minutes -
Streetlight theft undermining Accra’s illumination effort – Regional Minister
42 minutes -
Frequent use of emergency contraceptives could affect fertility, youth warned
45 minutes -
Police arrest 8 suspects in Navrongo anti-crime sweep ahead of Christmas
1 hour -
KGL Foundation commissions toilet facility for Adukrom PRESEC
1 hour -
President Mahama pushes reparations, calls for united African front at diaspora summit
1 hour -
Over 2,800 crates of eggs sold at The Multimedia Group’s X’mas Egg Market as consumers express satisfaction
2 hours -
Police to enforce ban on unauthorised use of sirens and strobe lights
2 hours -
Newsfile to discuss Kpandai rerun halt, Ofori-Atta’s extradition fight, and Bawku Mediation Report
3 hours -
Between imperialism and military rule: The choiceless political reality in West Africa
3 hours -
One killed, 13 injured in head-on collision at Ho
3 hours -
Techiman Police arrests three suspects in drug-related activities
3 hours -
John Kumah’s widow, Lilian Owusu remarries
3 hours
