The Minority spokesperson on Finance and Member of Parliament for Ajumako-Enyan-Esiam constituency in the Central region of Ghana, Dr Cassiel Ato Forson, has reacted to International Monetary Fund (IMF) data regarding the 2020 fiscal deficit to Gross Domestic Product (GDP) of Ghana.
Joy Business reported that IMF has provided a contradictory figure concerning the 2020 fiscal deficit to GDP of Ghana.
Fiscal deficit is the difference between government’s revenue and expenditure excluding borrowed funds.
IMF indicated that Ghana’s fiscal deficit to GDP in 2020 was (16%) and not (11.7%), which was reported in 2021 budget statement.
Therefore, the government of Ghana underestimated it with a difference point of (4.3%).
Honourable Ato Forson asserted in a Facebook post that the current government of Ghana should desist from manufacturing artificial figures in order to bamboozle international organisations, Civil Society Organizations (CSOs) and ordinary citizens of Ghana. This is because such unethical practice questions the rectitude of data generation of the country.
“Once again this government has been caught pants down massaging data! Headlines like this raises a lot of data integrity issues for our dear country. Reporting fiscal numbers which are different from what the international community puts out there is a serious matter and we must desist from such conduct immediately”, he said.
He wrote this today on Facebook.
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