The Finance Minister Must Not Simply Grow The Economy: He or she Must Also Talk With Kwame Pianim

A significant plank of Kwame Pianim’s unwarranted attack on the Fund Minister, Ken Ofori Atta is that the latter has “over-borrowed and that “we are not obtaining value for money”Hence Kwame Pianim labelled Ken Ofori Atta as the “worst Financing Minister in Ghana’s history”. As we did with the financial growth figures, let us consider the borrowing record of Tobey maguire Ofori Atta, and match up against his immediate predecessor, Seth Terkper. We begin with yr when Mr. Terkper was your Deputy Finance Minister. The particular figures clearly shows that Tobey maguire Ofori Atta has actually borrowed, but not as much as their predecessor, Mr. Terkper. Last year, our base-year, Ghana due approximately GH9. 0 billion dollars. This increased to GH122 billion at the end of 2016, a boost of more than ONE THOUNSAND, 300 FIVE PERCENT. Ken Ofori Atta took up the layer of Finance Minister within 2017. Under his view the debt level increased through GHS122 billion to GH334 billion in 2021, a boost of ONE HUNDRED AND SEVENTY-FOUR PERCENT. If Ken Ofori Atta doubles the current financial debt level before he simply leaves office in 2025, he’d have increased the small debt stock by 447 percent during his period. This will be less than half the proportion increase in the national financial debt associated with the era of Seth Terkper. Thankfully, Ken Ofori Atta recognises the need to rule in the debts. His 2022 budget attempts to do that. It is necessary also to emphasize that within the period between 2009 plus 2016, the NDC obtained approximately US$3. 4 billion dollars of oil revenues. This abolished teacher and medical training allowances. The government from the NDC placed a ban upon recruitment into the public assistance. It presided over “DUMSOR” for almost the entire period of the second term in workplace and eventually handed economic administration of the country to the IMF. For his term since finance minister, Ken Ofori Atta, worked with colleagues to finish “DUMSOR”. They paid the particular bills accumulated to keep Mister. Kwame Pianim’s lights upon. Teacher and nursing schooling allowances were re-introduced. This individual financed Free Senior High School program. Together with the Bank of Ghana, he cleaned up the financial sector – his asking for includes the banking field bailout and associated expenses. He ended the freeze out on public sector work introduced by Mr. Terkper and employed hundreds of thousands associated with teachers and nurses, amongst others. He financed the Nation’s Builders Corps. Most importantly, Tobey maguire Ofori Atta borrowed in order to finance the cost of keeping Ghanaians safe from once inside a century global pandemic brought on by COVID-19. Why then is usually Ken Ofori Atta, Kwame Pianim’s “worst finance ressortchef (umgangssprachlich) in Ghana’s history”? The solution is not far-fetched: HE WILL NOT PICK THE CALLS OF MISTER. KWAME PIANIM” WHO IS CONSTANTLY ON THE HOLD HIMSELF AS TOP MEMBER OF THE NPP IN SPITE OF RESIGNING FROM THE PARTY GREATER THAN TWO DECADES AGO. By: Kwasi Korankye (Alias KK)Send your own news stories to [email protected] and through WhatsApp on +233 202452509