The opposition party in Parliament has promised to trigger a confidence vote against the Finance Minister, Ken Ofori-Atta, over what it says are high fiscal deficit figures.
The National Democratic Congress (NDC) MPs claim the Minister wants to deliberately manipulate government’s spending figures to stay within the accepted limit.
Per the provisions of the Fiscal Responsibility Act, a Finance Minister should not superintend a fiscal deficit which exceeds 5 per cent lest he be censored.
Speaking on Accra-based Joy FM, Minority spokesperson on Finance, Cassiel Ato Forson, claims the only thing Mr Ofori-Atta is trying to avoid is the censorship, the reason he is manipulating the figures.
Mr Forson said the Minority MPs are going to reject the figures Mr Ofori-Atta will present when he appears in the House to present the 2020 budget statement on Wednesday.
Mr Forson argues that the government has decided not to treat monies used in the banking sector clean up as expenditure has decided to treat monies gained from it as revenue.
This, the opposition legislator, who has served as a Deputy Finance Minister, describes as cosmetic accounting.
He said the government must be consistent in its dealings with monies spent and gained from the clean-up otherwise it amounts to a manipulation of figures “just to look good.”
The Minority also claims to the government is prevailing upon mining companies in the country to undertake some development projects in their resident communities.
The government of Ghana would be expected to pay back these monies in issued bonds.
Chief Executive of the Ghana Chamber of Mines, Sulemana Konney has, however, disputed this.
According to him, there have been talks with the government but no decision has been reached and no official proposal has come to them.
The Minority MPs are, however, not convinced. They believe the government is simply attempting to use the mining companies to raise revenue without recording it in their expenditure.
Source:Fiilafmonline/JoyNews
