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General News on Tuesday, June 11, 2019
Source: clbadfmonline.com
2019-06-11
Cbadiel Ato Forson, former Deputy Minister of Finance
The administration of Mahama has left a public debt of 120 billion GHS, not 122 billion GHS, as claimed by some communicators of the new Patriotic Party (NPP), said a former deputy minister, Mr. Casiel Ato Forson.
The Ajumako-Enyan-Essiam MP told reporters at a press conference on Tuesday, June 11, 2019, that the government was using the 2017 exchange rate to calculate the debt incurred in 2016, a situation, he says, she feels the feeling of unfairness.
The legislator revealed that the central bank had correctly entered the correct numbers on its website, but that the Ministry of Finance had not done so.
He also invited Finance Minister Ken Ofori-Atta to rectify this mistake.
"The nuclear power plant says that the NDC has left a public debt of 122 billion GHS. In fact, it is not true. This is not true because the actual debt left by the NDC was 120 billion GHS, "he said.
"The NPP decided to use different exchange rates for the accounting of our external debts. In fact, since we left our position in December 2016, they should use the rates as of December 31, 2016 and not March 30, 2017.
"In fact, they decided to use the March numbers to change these figures and give the impression that the NDC left a public debt of 122 billion GHS instead of 120 billion GHS.
"There is an addition of 2 billion GHS that the Auditor General, in his report to Parliament, has pointed out to the government that what he is doing is misleading and that it does not represent good budget figures.
"I also noted that the Bank of Ghana understood this well, but not the Ministry of Finance. The Minister of Finance should do what is honorable and fix those problems. "
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