Expenditure on Covid-19: We demand audit- NDC MPs

Minority Caucus of Parliament are demanding from President Akufo-Addo immediate audits of all public expenditures on Covid-19.

The calls for accountability by the NDC Minority in parliament comes at the period a third wave of Covid-19 is gradually spreading in Ghana amid the struggle for vaccines to vaccinate the population.

Speaking at Policy Dialogue on Economy on Monday 26 July 2021 in Accra, Minority Leader Haruna Iddrisu said “We are demanding immediate audits of all public expenditures on Covid-19″.

Ghana’s debt Stock: Let’s set benchmark for gov’t- Dr. Forson

Former Deputy Finance Minister and Minority Spokesperson on Finance Dr. Cassiel Ato Forson says the time has come for parliament to immediately set benchmark for Akufo-Addo-Bawumia-led Administration to limit their unwavering penchant for excessive borrowing to escape the national economy total collapse.

Economic and Financial data released by Bank of Ghana puts Ghana’s total debt stock of March 2021 at 304.6 billion Cedis equivalent to $57.9 billion attributed to huge borrowing from the domestic market.

In April 2021, the debt stock stood at 328 billion Cedis which implies that a significant jump of 23.4 billion debt was added between March and April forcing government to slow down borrowing.

According to him, Ghana stands out as having the highest costs of borrowing within the African Region.

Apart from that, Ghana remains the most exposed interest rate risk country and GHC 8.2 billion are in arrears to contractors and others.

Speaking at Policy Dialogue on Economy in Accra, the former Deputy Finance Minister Dr. Forson said “We must set benchmark for Akufo-Addo-Bawumia government because they will crash Ghana and crash us with excessive borrowing “.

Source: africaneditors.com