Audio By Carbonatix
MP for Yapei-Kusawgu Constituency has debunked claims by government that the recent economic hardships are a result of the Covid-19 pandemic.
According to John Jinapor the problem is a result of the mismanagement of state funds, as well as the incessant borrowing by the current administration.
"There's been an attempt to blame the current hardships that we find ourselves on Covid but the issue of Covid is neither here nor there," he said on the floor.
He made these comments during Parliament's debate of 2021 budget review on Tuesday.
It also follows the reading of the 2021 budget statement presented before Parliament by Caretaker Finance Minister, Osei Kyei-Mensah Bonsu.
During the presentation, the caretaker Minister announced government’s decision to introduce new levies as a way to cushion the economy against recent hardships.
The Majority Leader blamed the shortfalls in the economy on the Covid-19 pandemic.
However, John Jinapor believes otherwise.
"What we are seeing defies logic, it defies economics and it cannot stand the test of time," he said.
"Covid has only done is to confirm the poor state of the Ghanaian economy which was hidden in terms of figures because if your debt to GDP ratio is growing at a slow pace, and your GDP is growing at a higher pace and if your deficit, which then becomes the loans and the debts, are also low at around 5%, how come today we have a debt to GDP of above 76%?" he added.
Latest Stories
-
Vehicle scarcity leaves commuters stranded at Lapaz Tema station
37 seconds -
Sustained International Efforts: Sudan’s war intensifies at the expense of lives
1 minute -
Women are naturally attracted to power and influence – Dr Vanessa Apea
2 minutes -
Former Suame MCE blames Naa Torshie for NPP’s 2024 election loss over DACF mismanagement
13 minutes -
Ghana orders four helicopters for defence and transport operations – Airbus
15 minutes -
GPRTU disassociates itself from illegal transport fares
29 minutes -
Concerned Drivers demand removal of Transport Minister over worsening Accra transport crisis
38 minutes -
Only 80 of 245 Ayalolo buses are currently in operation – GAPTE acting MD
47 minutes -
GOIL PLC posts impressive share price gains on GSE in 2025
54 minutes -
US not “heaven”; Ghana must be built to keep its people home – Solomon Owusu
2 hours -
Daily Insight for CEOs: The CEO’s role in financial discipline and cash flow focus
2 hours -
WAFCON 2026: Who could Black Queens face in group stage?
2 hours -
Fidelity Bank honours agents, unveils 2026 roadmap to revolutionise agency banking
2 hours -
GES declares January 23 as National CPD Day for teachers
2 hours -
Azamati signs with Swiss sportswear brand On
2 hours
