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
-
Ghana to destroy over 4,000 illegal weapons in nationwide arms amnesty exercise
26 minutes -
FIFA World Cup: Iran moves camp from USA to Mexico, amid ongoing conflict
2 hours -
Tamale police arrest suspect with large quantities of drugs
3 hours -
BoG pushes for integrated African payment systems to boost trade — Dr Asiama
3 hours -
Two people shot in encounter with Secret Service near the White House
3 hours -
Red Cross volunteers die from suspected Ebola in DR Congo
3 hours -
US Secret Service investigates reports of shots near White House
3 hours -
ECG injects GH¢3m into power upgrades across 40 Accra communities
4 hours -
‘Owadiah’ makes history: William Opare becomes first Ghanaian to break 45 seconds in 400m
4 hours -
Scottish woman ‘was on a mission’ to find out who her Ghanaian husband was. Then she died
4 hours -
Four Ada SHS students arrested after viral cutlass threat video sparks alarm
4 hours -
Christopher Bonsu Baah win Staff Player of the Year award in debut season with Al Qadsiah
5 hours -
Laryea Kingston’s Uganda beat Ghana 8-7 on penalties to secure U-17 World Cup spot and extend Black Starlets’ absence to nine years
5 hours -
FIFA U17 World Cup playoffs: Uganda beat Black Starlets on penalties to qualify
5 hours -
GN Savings and Loans: Ndoum thanks Mahama after Court of Appeal victory
5 hours