Minority Leader in Parliament Dr. Cassiel Ato Baah Forson has sent another reminder to President Akufo-Addo over the size of his government.
He says President Nana Addo Dankwa Akufo-Addo has refused to cut down both government size and public expenditure despite the current economic challenges the country faces amidst defaulting in its debt repayment since January 2022.
“Ghana has officially defaulted in the repayment of our debt since January 2022 yet Mr. President your government is failing to cut down the size of government and public expenditure”, Hon Cassiel Ato Forson who is also MP for the Ajumako Enyan Esiam Constituency told the president in Parliament yesterday after the President presented his State of the Nation Address (SONA).
Dr. Ato Forson also accused the President of allowing the Bank of Ghana to print GHC 54 billion in less than two years which according to him is the reason why the country is witnessing hyperinflation.
“Ghana is witnessing hyperinflation largely because your government allowed the Bank of Ghana to print GHC 50 billion for the year 2022 and another GHC 4 billion in the 2023 first quarter”, Hon Ato Forson revealed in Parliament.
Backing his series of accusations on the President, the Minority Leader added “our position is that, inflation is currently rising monetary policy rate is also at 28% Ghana Cedi has depreciated by 20% in January alone, Mr President, unemployment is exceedingly high at the record levels and as we speak Mr President, lending rate is at 40%.”
