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Keep Quiet! – Kweku Kwarteng Tells Minority   
 
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03-Aug-2017  
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Deputy Finance Minister Kweku Kwarteng has asked the Minority in parliament to be silent if they have nothing to say.

Responding to the Minority’s claim that Finance Minister Ken Ofori-Atta doctored figures in his mid-year budget review, Mr Kwarteng said on Wednesday, 2 August that: “It isn’t the case that anytime government presents something, you must find something wrong. If there is nothing wrong, you may keep quiet.”

Ranking Member of Parliament’s Finance Committee, Cassiel Ato Forson, had told journalists at a press conference that: “The attention of the Minority in Parliament has been drawn to the reversal of interest payment of a colossal amount of GHC758.5 million and review of GDP (without a formal GSS Statement) at the end of Financial Year 2016 (Par 14 and 15).

"It is quite clear that the Minister made this reversal, which violates long-standing ‘cut-off’ fiscal rules for the sole purpose of making the government’s dismal performance for the first half of Financial Year 2017 ‘look good’. The action also purports to make the performance for FY 2016 worse".

“This ‘doctoring’ of figures is very shameful. This to say the least is very regrettable and cosmetic. From Appendix Table 5A: Page 53 of the Mid-Year Fiscal Policy Review of the 2017 Budget Statement and Economic Policy, Summary of Revised Central Government Operations-2017, the Minister of Finance has reduced domestic interest payment by an amount of GHC657,005,271 Ghana Cedis to create the impression that expenditure on domestic interest payment is being reduced".
 
 
Source: classfmonline.com
 
 

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