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Ghana’s debt to hit 90 percent of GDP—Ato Forson

Accra, July 26 GNA-Dr Cassel Ato Forson, Ranking Member on Finance has stated that Ghana’s public debt is estimated to hit 90 percent of G...

Ghana’s debt to hit 90 percent of GDP—Ato Fors Ghana’s debt to hit 90 percent of GDP—Ato Fors

Accra, July 26 GNA-Dr Cassel Ato Forson, Ranking Member on Finance has stated that Ghana’s.

July 26 GNA-Dr Cassel Ato Forson, Ranking Member on Finance has stated that Ghana’s public.

26 GNA-Dr Cassel Ato Forson, Ranking Member on Finance has stated that Ghana’s public debt.



“Mr Speaker I won’t be surprised that by the year 2023 our debt.

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“Mr Speaker I won’t be surprised that by the year 2023 our debt situation.

this budget brings no hope for the people of Ghana.”

Dr Forson made.

budget brings no hope for the people of Ghana.”

Dr Forson made the.

brings no hope for the people of Ghana.”

Dr Forson made the comment.

no hope for the people of Ghana.”

Dr Forson made the comment when.



Finance Minister Ken Ofori-Atta on Monday, July 25, 2022, presented 2022 Mid-Year budget.

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Finance Minister Ken Ofori-Atta on Monday, July 25, 2022, presented 2022 Mid-Year budget review.



The mid-year budget presentation is in fulfilment of section 28 of the Public.

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The mid-year budget presentation is in fulfilment of section 28 of the Public Financial.

/> The mid-year budget presentation is in fulfilment of section 28 of the Public Financial Management.



Dr Forson also accused the Bank of Ghana (BoG) of engaging in the.

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Dr Forson also accused the Bank of Ghana (BoG) of engaging in the illegal.



He explained in the 2022 budget the government projected not to borrow.

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He explained in the 2022 budget the government projected not to borrow any.

/> He explained in the 2022 budget the government projected not to borrow any money.

He explained in the 2022 budget the government projected not to borrow any money from.



“Mr Speaker, when the Central Bank or BoG gives money to the Government.

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“Mr Speaker, when the Central Bank or BoG gives money to the Government of.



Dr Forson further cited for example that section 30 of BoG Act.



Dr Forson further cited for example that section 30 of BoG Act 612.

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Dr Forson further cited for example that section 30 of BoG Act 612 as.

/> Dr Forson further cited for example that section 30 of BoG Act 612 as amended.



“Mr Speaker the previous total revenue for the fiscal year was 70 billion.

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“Mr Speaker the previous total revenue for the fiscal year was 70 billion cedis.

/> “Mr Speaker the previous total revenue for the fiscal year was 70 billion cedis and.



However, Dr John Kuma, Deputy Minister for Finance, rejected the claim by Dr.

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However, Dr John Kuma, Deputy Minister for Finance, rejected the claim by Dr Forson.



He argued that section 30 of the BoG Act states clearly that it.

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He argued that section 30 of the BoG Act states clearly that it is.

/> He argued that section 30 of the BoG Act states clearly that it is within.



He said the Finance Minister right from beginning of the year made it.

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He said the Finance Minister right from beginning of the year made it clear.

/> He said the Finance Minister right from beginning of the year made it clear to.



Dr Kuma also stated the government in the 2022 budget announced that there.

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Dr Kuma also stated the government in the 2022 budget announced that there would.



He said in furtherance to that the government announced 30 percent discretionary cut.

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He said in furtherance to that the government announced 30 percent discretionary cut in.



“Mr Speaker, that this is reflected in the mid-year budget, where the fiscal.

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“Mr Speaker, that this is reflected in the mid-year budget, where the fiscal deficit.

That is an indication that the government is committed to ensuring that indeed the fiscal.

is an indication that the government is committed to ensuring that indeed the fiscal consolidation.

an indication that the government is committed to ensuring that indeed the fiscal consolidation and.



GNA.

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