Mr Mahama accused the authorities of imprudent use of the economic assets mainly at some stage in the election duration in 2020, a situation he stated has caused the challenges facing the united states of america for the time being.
“The economic problem we are facing stem from imprudent election-related expenditure and reckless decision-making inside the control of the economic system.
“This additionally consists of the manner the providence from Covid was used. Covid became an adversity but in adversity turned into possibility. As a end result of Covid multilateral establishments gave us cash, we took more money from the Bank of Ghana and simply misused it. That money would have cushioned this disaster that we are going via,” the 2020 Presidential Candidate of the National Democratic Congress (NDC) said even as addressing a discussion board on the Economy in Accra on Thursday June 30.
Meanwhile, the Minister of Finance, Ken Ofori-Atta, has informed Parliament that the authorities was prudent with Covid-19 assets to help shield lives and protect jobs.
Mr Ofori-Atta said each penny mobilised became used judiciously to enhance the united states of america’s potential to comprise the pandemic.
He additionally described the pandemic as the biggest surprise to have hit the economy so far, therefore the selection by means of the united states to install all available sources to incorporate the outcomes on lives and organizations.
Answering questions about how price range mobilised to assist the COVID-19 fight had been expended, the minister stated it changed into unfaithful that the authorities changed into walking away from responsibility. “Mr. Speaker, I agree with that this presentation demonstrates Government’s commitment to responsibility and transparency. All programmed, mobilised and utilised price range had been duly reported on. As a Government, we maintain to function an open-door coverage and welcome any possibility to interact inside the countrywide hobby,” he said.
He explained that an quantity of GH¢18.19 billion changed into mobilised in assets whilst GH¢12.04 billion changed into spent.
He stated the quantity spent to contain the spread and mitigate the consequences of the COVID-19 pandemic on lives and homes.
Mr Ofori-Atta said the amount turned into expended among April 2020, while the pandemic struck the u . S . A ., and May this 12 months.
He additionally brushed off worries that there had been inconsistencies within the COVID-19 costs, pointing out that some thing turned into mobilised and spent have been documented and nicely accounted for.
The minister became answering questions about how tons the u . S . Mobilised in sources to combat the pandemic and how much turned into really spent.
“I desire to dispel the notion that there have been some inconsistencies in government data on COVID-19,” he stated, noting that the expenditure captured by means of President Nana Addo Dankwa Akufo-Addo in his earlier presentation to the country was in tandem with statistics on the ministry.
He for that reason urged the public to dismiss the rumours on records inconsistencies, because the budget have been prudently used to defend lives and mitigate the consequences of the pandemic at the financial system.
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