The Mahama administration left behind a public sector debt of GHS120 billion, not GHS122 billion as claimed by some communicators of the governing New Patriotic Party (NPP), a former deputy minister Mr Casiel Ato Forson, has said.
The MP for Ajumako-Enyan-Essiam told journalists at a press conference on Tuesday, 11 June 2019 that the government is using the 2017 exchange rate to calculate the debt incurred in 2016, a situation, he says smacks of unfairness.
The lawmaker revealed that the central bank has correctly captured the right figures on its website but the Ministry of Finance has not done that.
He further called on the Minister of Finance, Mr Ken Ofori-Atta to rectify the error.
“The NPP is out there saying that the NDC left a public debt of GHS122 billion. In fact, that is not true. It is not true because the actual debt the NDC left behind was GHS120 billion,” he said.
“The NPP decided to use different exchange rates in accounting for our foreign debts. In fact, because we left office in December 2016, they should use 31 December 2016 rates and not 30 March 2017.
“In fact, they decided to use the March numbers to change the numbers and create the impression that the NDC left a public debt of GHS122 billion instead of GHS120 billion.
“There is an addition of GHS2 billion which the Auditor-General, in its report to parliament, pointed to the government that what they are doing is deceitful and they are not representing the right fiscal numbers.
“I have also noted that the Bank of Ghana has captured that appropriately but the Ministry of Finance has not, so, the minster responsible for finance should do what is honourable and correct these concerns.”
Source: classfmonline.com
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OOOOHHHH, I THOUGHT THEY DIDNT EVEN BORROW ANY MONEY AT ALLL.
waa look and you are quick to defend that it was 120 and not 122 Billion. Ok lets say it was 120 billion, how is going to be paid for? who is paying for it? and yet you get up and make noise that the government is borrowing but you dont see any infrastructure. Infantile argument.
AND YOU LEFT CONTRACTORS PAY, TEACHERS PAY , IMF LOAN UNPAID ECT,ECT YOU BUNCH OF NDC EVIL SOULS. GOD PUNISH YOU.
2 billion and you are making a press conference aaaaaaba. Think ndc please think. Was this statement read before your press conference? Eeeeebeii
HEHEHEHEHEEEEEE ***barred word*** PEOPLE
This guy called forson, is really not ashame of himself and when i think this man was a deputy finance minister not long ago, God save Ghana
This ***barred word*** edi*iottt is still talking about debt? Goodness!! the bottom line is that you, left a huge debt so whether it is calculated based on 2016 or 2019 exchange rate is neither her nor there. You should be happy Ghanaians are a group of very patient people otherwise you should have been hanged by now. NDC never ceases to amaze some of us. ***barred word*** goattss
Per Hon. Kwabena Duffuour budget to parliament on 5 March 2009, Ghana debt stock was USD8 billion, about GHS40 billion (USD1:GHS5) and was 24.7% of GDP. As at 31 December 2016, Ghana's debt stock was 73% of GDP. Ghana's current debt stock is about 57.68% of GDP, NDC what is your problem? The size of your pocket (the Economy) determines how much debt you can accommodate. NPP is on top of the issue.
This is shameful.If I were this man called Mr. Atoh Forson, I would keep my mouth shut. If you were able to leave behind a colossal amount of GHS 120 billion in debt,are you making argument over GHS 122 billion because of GHS 2 billion difference. What? It's a pity.
Not just a single room, but 12/12, the smallest of them all, with a free to air bathroom outside, we know them and they know themselves, hahahahahaaaa