• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Economy 201702

GH�7bn Not Missing; Bawumia Does Not Understand Gov't Systems - Minority

01-Feb-2017
/ Economy, Business
Email
Print
Comments 5
(5)
Comments
Share on Facebook Share on Twitter
 

The Minority in parliament has dismissed claims by the Vice President that the immediate past government did not account for a GHC7 billion expenditure drawn from state coffers between 2014 and 2016.

At a press conference Wednesday, the Minority says the GHC7 billion expenditure is captured in a special government data system at the Finance Ministry which Dr Mahamudu Bawumia should be aware of.

The NDC MPs were reacting to claims by Dr Bawumia that the nearly four-weeks old government could not find GHC7billion.

"As we interrogated the data to see exactly why our public finances are in the state they are, we found that there is GHC7 billion of expenditure that has not been disclosed," he revealed government's findings whilst preparing the 2017 budget.

He wondered why data for the 2014/2015 and 2015/2016 fiscal years given the governing New Patriotic Party (NPP) are not complete.

"Where have they [GHC7 billion] been hiding all these years?" he quizzed the audience.

But addressing a press conference in Accra, former Deputy Finance Minister Ato Forson says the expenditures were captured under a new financial management system called the Ghana Integrated Financial Management Information Systems (GIFMIX) which the current government does not understand.

He says previously, it took three to six months for government expenditures to appear on government database as arrears that the state should pay. But under GIFMIX, expenditures are captured immediately, hence the GHC7 billion figure.

More soon...

Source: myjoyonline.com

 

 
 

 

Comments ( 5 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Minority Alarmed Over Govt�s Decision To Engage Mckinsey

Next Post

Ghanaians Hoarding Dollars Put Cedi on Course for 19-Month Low

 
 

More Stories

Economic Conditions Improving – BoG
Absa Bank Ghana Managing Director Moves On
Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF
Govt Reopens Domestic Debt Exchange Programme
U.S and China Owe Half of World’s $235tr Debts - IMF
Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030
Output Growth Hits 28-Month High In August
Energy Sector Levies Rake In GH¢18.35bn In 7 Years
2nd Tranche Of IMF Cash Arrives In December– Ofori-Atta
Next Post

Ghanaians Hoarding Dollars Put Cedi on Course for 19-Month Low

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Economy Stories

  • Economic Conditions Improving – BoG

  • Absa Bank Ghana Managing Director Moves On

  • Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF

  • Govt Reopens Domestic Debt Exchange Programme

  • U.S and China Owe Half of World’s $235tr Debts - IMF

  • Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030

  • Output Growth Hits 28-Month High In August

  • Energy Sector Levies Rake In GH¢18.35bn In 7 Years

  • 2nd Tranche Of IMF Cash Arrives In December– Ofori-Atta

  • GH¢2.9bn Spent On PFJ 1

 

 
 

Popular Videos

Peace Power Sports (25/09/2023)

#MeManNti with ADAKABRI FRIMPONG MANSO on NEAT 100.9 FM 25/09/23)

Akan News @ Midday On Peace 104.3 FM (23/09/2023)

Weekend Peace Power Sports Review (23/09/2023)

Akan News @ 6am On Peace 104.3 FM (24/09/2023)

Kokrokoo Live On Peace 104.3 FM (25/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media