The former Deputy Finance Minister, Cassiel Ato Forson says the 2020 Mid-year Budget review has revealed that government’s ‘Year of Roads’ has become a ‘Year of Borrowing’.
Addressing the media after the Finance Minister, Ken Ofori-Atta presented the Mid-year budget review to Parliament, Mr Forson observed that the Akufo-Addo government has been borrowing indiscriminately in the name of the Covid-19 pandemic.
He further noted that despite the arbitrary loans government has taken, it cannot account for the utilisation of those funds.
“This administration has spent over ¢11.1 billion on coronavirus without accounting for it.
“It is clear that they have increased the public debt. As of June 30, 2020, the public debt had risen from ¢120 billion to ¢255 billion and they are going to borrow additional ¢30 billion to increase the public debt to approximately ¢280 billion,” he stated.
He adding, “this clearly shows that this is a failing government.”
Mr Forson who doubles as the Member of Parliament for Ajumako-Enyan-Esiam constituency also described the budget review as a document of “manifesto promises’.
This, according to him, is unacceptable since the Akufo-Addo administration has consistently failed the people of Ghana.
“There is nothing in this document for us to be proud of. And we in the minority want to serve notice that from Monday we are ready to debate this and subject it to the scrutiny that it deserves.
"Because it has nothing but it bring bring to the ordinary Ghanaian pain and hardship because there is nothing in this budget that will alleviate our suffering.”
Latest Stories
-
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
13 minutes -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
33 minutes -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
35 minutes -
I’m confident posterity will judge my performance well – Akufo-Addo
47 minutes -
Syria’s minorities seek security as country charts new future
1 hour -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
2 hours -
German police probe market attack security and warnings
2 hours -
Grief and anger in Magdeburg after Christmas market attack
2 hours -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
2 hours -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
3 hours -
Top 20 Ghanaian songs released in 2024
3 hours -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
3 hours -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
3 hours -
Kudus sights ‘authority and kingship’ for elephant stool celebration
3 hours -
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
4 hours