Finance Minister, Ken Ofori-Atta’s self-praise seems to upset the minority leader in parliament, Dr Ato Forson.
After the minister’s presentation of the mid-year budget review, as they demanded, ministers question the minister on his presentation and it was during this time that, Dr.Ato Forson poked at the finance minister “ not to say anywhere that he has turned the corners, but rather he has deepened our wounds”.
This comes after the minister stated in his presentation that, his government “has turned the corners”.
Dr Cassiel claims that, the minister promised not to borrow any money this year but per records, the minister has failed at his own words as during his presentation he revealed that the government has borrowed about GH 5.5 billion cedis from January to June this year from treasury bills and has plans of even borrowing another 43.1 billion cedis in the coming year.
“Say nowhere that you have turned the corners, in-fact you have deepened our wounds”.
Ghana’s dwindling economy dragged the government to the IMF for a bailout in March.
After several deliberations, on May 17, 2023, the Executive Board of the International Monetary Fund (IMF) approved a 36-month arrangement under the Extended Credit Facility (ECF) in an amount equivalent to SDR 2.242 billion (around US$3 billion, or 304 percent of quota)