
Audio By Carbonatix
Minority Leader Haruna Iddrisu has described the Mid-year Budget review as more of a political pledge.
He believes, the Finance Minister’s review of the country’s mid-year but was not principled enough.
The former Employment Minister told KojoYankson on Joy FM's Super Morning Show Friday, that Ken Ofori-Atta failed to give a proper account of some monies.
“He came more as a manifesto pledge into the 2020 elections than a mid-year budget review of the budget in my view and I don’t find that principled enough.
"You are speaking to Parliament so, in all these instances, there should be accompanying detailed expenditure,” he stated
Mr Iddrisu indicated that the legality of the borrowing of some ¢10 million for the Bank of Ghana’s asset purchase program is questionable.
These comments were part of his reaction to the mid-year budget review presented to Parliament Thursday, July 24.
He stated that the Public Financial Management Act and the constitution require that Governor of the bank must refer to article 181 of the constitution when they intend to borrow.
“What he did was to come to Parliament and make a statement that he had determined with thee Controller Accountant general and another BOG official to borrow ¢10 billion.
"He came to present a statement and walk away. We raised procedural issues but we were ignored,” he said.
Latest Stories
-
Over 60 communities hit by floods in Volta Region; over 1,200 displaced in Western North – Interior Minister
3 minutes -
TotalEnergies Marketing Ghana PLC holds landmark 50th AGM, reaffirms commitment to shareholders value
10 minutes -
BoG pushes financial regulators to unite as Ghana launches Sustainable Finance Roadmap
17 minutes -
Flooding disaster: 7,761 households affected, 7 still missing – Interior Minister
26 minutes -
ASI Impact Series: Protecting revenue, powering progress in Sierra Leone
26 minutes -
New paid-in capital requirements help Nigerian banks exit forbearance – Fitch
38 minutes -
Heavy security in South Africa as anti-migrant protesters take to the streets
45 minutes -
African banks face structural exposure to climate risk; credit implications evolving
49 minutes -
NADMO begins registration of Odawna rubber market fire victims
56 minutes -
When rains fall, our humanity should rise
56 minutes -
Ghana-Germany justice partnership leaves lasting legacy as four-year law project concludes
1 hour -
Continuity: the most powerful force nobody talks about
1 hour -
The Fate of Accra: Countdown to 150 years as the capital city of Ghana
1 hour -
IFC convenes 4th Family Governance Workshop to strengthen succession planning and business continuity
1 hour -
We’re no longer responsible for daily street cleaning – Zoomlion
1 hour