Minority leader, Cassiel Ato Forson has responded to the 2023 Mid-Year budget review presented earlier today by the Finance Minister, Ken Ofori-Atta in Parliament.
In his presentation, Ken Ofori-Atta claimed that Ghana has economic stability indicators such as lower inflation, more foreign exchange reserves, and less erratic exchange rates.
He stated that the nation is close to overcoming the obstacles that have plagued the economy.
“The economy is showing signs of recovery. The exchange rate has stabilised, inflation has softened, and interest rates have declined since December 2022,” he stressed.
However, Mr. Cassiel Ato Forson, the Minority leader of the NDC MPs in Parliament noted that after listening and reviewing the documents the Finance Minister gave to them, he should not say anywhere that he has turned things around.
According to Minority leader in Parliament, the Ken Ofori-Atta has rather depended their woes.
The Minority leader also added that the Finance Minister said he is revising economic growth from 2.8% of GDP to 1.5% GDP.
“Mr. Speaker, I have listened to him [Ken Ofori-Atta] and I have had the opportunity to review the papers and documents he gave to us. Mr. Speaker, he said that the performance so far shows that we have turned the corner. Unfortunately, Mr. Speaker, the evidence and the numbers before us shows that he has rather depended our woes,” Dr. Cassiel Ato Forson said.
Watch the video below;
Our Minister for Finance, Ken Ofori-Atta should not say anywhere that he has turned things around, he has rather deepened our woes – Minority leader, Cassiel Ato Forson reacts to the 2023 Mid-Year budget review.#TV3GH #3NewsGH pic.twitter.com/09jLl0dgWy
— #TV3GH (@tv3_ghana) July 31, 2023
In a related news, according to Finance Minister Ken Ofori-Atta, 2022 was a challenging year for him and the administration of President Nana Addo Dankwa Akufo-Addo.
He claimed that the COVID-19 aftermath and the Russia-Ukraine war, which had an impact on the entire world, were to blame for the rising cost of goods and services.
Ken Ofori-Atta informed the legislature about the mid-year budget review and claimed that the pandemic and conflict forced the government to seek assistance from the International Monetary Fund (IMF).
