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
-
Foreign Affairs Ministry challenges Canada’s decision to deny Thomas Partey entry for World Cup
3 minutes -
Bawku West: 7 feared dead, several others injured after VVIP bus accident
21 minutes -
Wontumi case: Others involved in loan procurement must also answer – Akwatia MP
26 minutes -
Wontumi case: Akwatia MP urges clear accountability
46 minutes -
Wontumi case: AG must ensure fairness and transparency in plea deal – Dr Yankson
46 minutes -
Popular US movie critic Gene Shalit dies aged 100
47 minutes -
AFF pilot projects show nature-based solutions can restore ecosystems and improve livelihoods
59 minutes -
Wontumi case: Plea negotiation a legal strategy, not admission of guilt – Baffour Awuah
1 hour -
Wontumi trial: Accept plea bargain if it delivers justice, recovery of state funds – Bomfeh urges AG
1 hour -
Unrepentant NPP doesn’t deserve to return to power – Arthur Kennedy
1 hour -
WAEC rules out exception for 154 Sekondi College students barred from exam
2 hours -
Education must serve national development, not create elites – Baffour Awuah
2 hours -
Government contemplating to reduce admissions to health training institutions to address employment backlog – Health Minister
2 hours -
Moderate to heavy rains expected across parts of Ghana – GMet warns
2 hours -
Punishment must be part of any Wontumi plea deal – Arthur Kennedy
2 hours