The Minority in Parliament has asked the Finance Minister to resign from his position.
The Caucus believes the Minister has failed as a minister and should not be holding office.
In a loud unanimous voice on Monday, July 25, 2022, the Minority shouted “Resign” after the Minister had delivered the mid-year budget review.
Later, the Minority held a press conference stating that the economy was in bad hands.
The spokesperson for the Minority on the economy, Dr. Cassiel Ato-Forson asked the President to conduct a reshuffle with an immediate effect.
He warned things will get worse because our current economic position is worse than in the HIPC days.
He said we have seen incompetence at the highest level but the one we see today, is unprecedented.
”Our current position is worst than the HIPC days. That is where we are. I expected the Minister to be truthful, candid and able to confront the problem head-on but unfortunately, what we witnessed today is nothing but incompetence. We’ve seen incompetence at the highest level. I have never seen anything like this since I became a Ghanaian…Our country is in bad hands. The Ghanaian economy is in a bad way, but I have not seen a government ready enough to deal with the situation.
I call on His Excellency the President to conduct an immediate reshuffle so that this economy would be back in proper hands. I am saying this not because I am an opposition MP. But I am saying this because I am a Ghanaian first. If the country gets worse, it affects all of us,” he added.
The Minister in his delivery admitted that the state of the Ghanaian economy is not in the best shape.
The Minister says Ghana is currently facing a serious crisis due to the impact of the warfare between Russia and Ukraine as well as Covid.
“Towards 2022 Russia invaded Ukraine, a situation that worsened the already weakened global supply chain exacerbated by high conditions.
“These have had a debilitating toll on the cost and standard of living of our people. Mr Speaker, food prices are rising, fuel and transport fares are up, the cost of borrowing for businesses and for households has increased, the cedi has depreciated and the economic outlook has dipped significantly.”
“The state of affairs is quite a painful one for me to report to you, it is hard to see our people lament about the prices of basic commodities, these are difficult times for government and indeed, for the Finance Minister.”
The government will introduce an “enhanced domestics programme to complement Ghana cares.”
“The Ghana CARES Obaatanpa will add value to our purse,” he added.