Majority Leader Alexander Afenyo-Markin has expressed confidence that Gbana’s economy is currently in good shape.
He touted the governing New Patriotic Party (NPP) as the best manager of the economy.
Responding to the mid-year budget review presented on Tuesday, July 23, 2024, it was posited that the government is competent in handling the economy and
“The economy is in the hands of those who have the power to bring it back.”.
He noted that the statement presented by the minister represented undisputed facts.
The Effutu MP said the government has managed the economy far better than what was done by the previous NDC government.
He said the Minister presented major programmes the government had embarked on with the investments made in the School Feeding Programme, the National Health Insurance Scheme, and Livelihood Empowerment Against Poverty (LEAP).
He added that although the Mahama-led administration invested in the education sector, this government has spent over GHC 400 million, particularly on the implementation of the free senior high school policy.
The government, he said, was on course with the International Monetary Fund programme.
He maintained that the economy is in competent hands, and those who have the capacity to bring it back.
Meanwhile, the Finance Minister said during the presentation that the provisional total debt stock of Ghana stood at GH¢742 billion, representing US$50.9 billion as of June 2024.
This represents 70.6 per cent of the Gross Domestic Product (GDP) he said during the 2024 mid-year budget review in parliament on Tuesday.
“The stock consists of external debt of GH¢452.0 billion and domestic debt of GH¢290.0 billion, representing 60.9 percent and 39.1 percent of the total debt stock, respectively. As a percentage of GDP, external and domestic debt represented 43.0 percent and 27.6 percent, respectively. This indicates an increase of 22 percent due to the effect of the cedi depreciation and continuous disbursements from creditors,” he said.
By: Rainbowradioonline.com/Ghana
