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General News on Thursday, April 4, 2019
Source: clbadfmonnline.com
2019-04-04
Ms. Mona Helen Quartey, Former Deputy Minister of Finance
Mona Helen Quartey, a former deputy finance minister, said the Akufo-Addo-led government was taking a "lazy" approach to building the economy.
According to her, the government lacks ideas on how to transform the Ghanaian economy for the benefit of all Ghanaians.
Speaking at a public forum organized by the National Democratic Opposition Congress on Ghana's economy in Accra on Thursday, April 4, 2019, Ms. Quartey said: "They talk about An inclusive transformation agenda. But it's a lazy approach to building our economy.
"The current government lacks awareness because it seemed to be unaware of the realities on the ground.
"Despite their doctorates, they lack knowledge. They totally misled not only their own people, but all of Ghana as well. They showed that they had bad traits and that they were willing to hurt. Oh Bawumia why?
The Bolgatanga Central MP, Mr. Isaac Adongo, also said at the ceremony that part of the $ 3 billion raised by the government with newly issued Eurobonds would end up with "family and friends".
Mr. Adongo, a member of Parliament's Finance Committee, is concerned that Ghana has gone through a period of borrowing to ensure the future of the younger generation at one time loan for consumption.
He pointed out that, "If you take 2019, the $ 3 billion borrowed, $ 2 billion is for the budget. Only $ 390 million will be spent on capital expenditures. $ 1.61 billion will go to family and friends, you know it. "
Mr. Adongo also said: "In 2018, we have [Ghana] went to borrow $ 750 million [but] we spent only $ 119 million on capital expenditures; $ 631 million, we spent on consumption. Our children will have to come and pay for it and they [the government] have nothing to show ".
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