[ 2017-02-02 ]

Dr. Bawumia disclosed that an unaccounted GHc7 billion expenditure was made by the past government

Bawumia’s hidden GHc7bn claim intended to bait IMF – Adongo
A Member of Parliament’s Finance Committee,
Isaac Adongo, has described as a sham claims of a
hidden GHC 7 billion expenditure by the previous
government, by vice president, Dr. Mahamudu
Bawumia.

According to him, the claims are nothing, but
deliberate attempts to bait the International
Monetary Fund (IMF) to soften its loan access
mechanisms towards the NPP government.

Dr. Bawumia on Tuesday disclosed that the
Akufo-Addo administration has discovered a
whopping unaccounted GHc7 billion expenditure made
by the previous administration.

According to him, the said expenses ranged from
2014 to 2016, and that it was detected as the new
government prepares the 2017 budget which is
expected to be presented in March.

“As we interrogated the data to see exactly why
our public finances are in the state they are, we
found that there is GH¢7 billion of expenditure
that has not been disclosed,” Dr. Bawumia said
at a forum in Accra organized by Krif Ghana
Limited in collaboration with Action Chapel
International and the US Embassy, asking: “Where
have they [GHC7 billion] been hiding all these
years?”

But speaking Thursday in an interview with Nii
Arday Clegg on Morning Starr, Mr. Adongo said the
vice president’s claim was a pretense to run to
the IMF for loans.

“They want to use this as a strategy to get
loans from the IMF,” he told Clegg, adding, it
was also purely political not to fulfill the
numerous promises made by president Akufo-Addo,
during the electioneering.

The Minority in Parliament described as
mischievous the claim by the Vice President
Wednesday.

According to the minority, the said expenditure is
accurately covered by data at the Finance
ministry.

“What he said is trying to set aside what we
wanted to achieve as a country. Most countries are
going the way we are trying to go by way of
keeping track and records of government
expenditure. The money he claims are missing are
sitting there in the books of the finance
ministry. And so nothing is missing, what he said
is mischievous and he should desist from it,”
Cassiel Ato Forson, former deputy Finance Minister
in the erstwhile Mahama administration said.

Source - Starrfmonline.com

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