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
-
Jefferson Sackey’s ‘Purpose’ reveals bold decision to leave Foreign Affairs Ministry for politics
3 minutes -
Management explains Biblical meaning behind Ohemaa Mercy’s 2026 Tehillah costume and entry
7 minutes -
The Ghana Jollof arrest: Mystery surrounds midnight detention of Techiman mother
25 minutes -
Nancy’s journey from financial hardship to best graduating student at Ho Technical University
33 minutes -
TUTAG warns of strike action due to unpaid Book and Research allowance
33 minutes -
GHS records more than 53,000 adolescent pregnancies in seven months
42 minutes -
Mahama urges investors to comply with Ghana’s laws, prioritise local participation
43 minutes -
KNUST, EPA test national air quality data hub ahead of Ghana rollout
55 minutes -
Anidaso Mutual Fund net assets rise 47.7% to GH¢6.31m in 2025
1 hour -
WFP-Korea programme strengthens local economy and builds resilience in Northern Ghana
1 hour -
GIIF’s Accra-Kumasi Expressway Ltd. SPV Initiative: A bold blueprint for financing Ghana’s infrastructure development
1 hour -
From surviving dry spells to building resilience: Alhassan’s Story
1 hour -
GRA targets over double revenue by 2028
2 hours -
Black Maidens bring the jama, then bring the goals in WAFU B opener [VIDEO]
2 hours -
GNPC Explorco showcases Voltaian Basin exploration potential at AOW:Energy 2026
2 hours