The member of Parliament (MP) for Builsa South Clement Apaak has chastised the Akufo-Addo administration for borrowing more than the erstwhile Mahama administration and doing little.
Figures from the Bank of Ghana (BoG) showed that the country’s total public debt had hit GHS 137.2 billion as at May 2017. This was contained in the economic and financial data released by the central bank at the end of its Monetary Policy Committee meeting. According to the report, the debt stock increased by GHc9.4 billion in three months from GHc127.8 billion to GHc137.2 billion.
Speaking to XYZ News’ Kofi Oppong Asamoah in Parliament, ahead of Wednesday’s 2017 budget presentation, the former Presidential Staffer said, records available to the Minority in Parliament indicate that the public debt stock is ballooning than expected yet government is not able to adequately fund its flagship programmes such as the Free Senior High School Programme and other policies.
“Look, the constitution talks about Free Education but we needed to do it gradually. Today they say Free SHS but what we see is students can’t have places to sleep, study and even bath. There has also been shortfalls in revenue mobilisation.”
But in a sharp rebuttal, the Manso Adubia MP Yaw Addo Frimpong noted that government was committed to delivering on its promises and making them better by the day.
“It takes boldness to rule the Nation and that’s what we are doing. You can’t predict revenue outcomes. We are doing what we can to make things better. I’m not doing politics here.”
He said government’s steps, which the Minority has been criticizing will make great impact as steps being taking to widen the tax net.
He said the country’s system is informal with bad addressing system which results in revenue loop holes, but hastened that government was working on to boost revenue.