Ghana’s total debt stock currently stands at GH¢450 billion in 2022 – Ofori-Atta

ken ofori-atta
Ken Ofori-Atta, the Minister of Finance, said that the country’s total debt will reach GH450 billion in 2022. This is up from GH120 billion in 2017.
This is about GH300 billion in loans since January 2017, when the Akufo-Addo government took office.
Dr. Baah says that the Finance Minister may still be there because he has something to gain.
Ken Ofori-Atta told the ad-hoc committee that was looking into a censure motion filed against him by the Minority in Parliament that even though the number is big and scary, it is more important to look at the loans that were taken out and how the money was spent.
He said that the government had used the GH330 billion loan for important projects like Planting for Food and Jobs, building interchanges, and improving educational infrastructure.
When asked about claims that he had mismanaged Ghana’s economy, which is now asking for help from the IMF, Ken Ofori-Atta said, “The government’s hard work to protect the public purse is what has helped.”
The Minority in Parliament gave seven reasons for their vote of censure.
Here are the seven things the Minority wants KEN Ofori-Atta to apologize for:
a. He has a disgusting conflict of interest because his companies get commissions and other unethical contractual advantages from Ghana’s debt overhang. This means that he directly benefits from Ghana’s economic problems.
b. Taking money out of the Consolidated Fund without following the law, which is against Article 178 of the 1992 Constitution, supposedly to build the President’s Cathedral.
c. Putting oil money into offshore accounts without permission, which is against Article 176 of the 1992 Constitution.
d. Giving deliberately false information to Parliament about the economy
e. Spending without thinking led to the crash of the Ghana Cedi, which is now the worst currency in the world.
f. Alarming and scary incompetence, which led to the collapse of Ghana’s economy and a painful cost of living crisis.
g. Poor management of the Ghanaian economy, which has caused unimaginable suffering
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