The Member of Parliament for Kwahu Afram Plains North, Hon. Kpeli Worlase, has dismissed criticisms from the minority caucus regarding the government’s fiscal management.
He asserted that the expiration of restrictions on the issuance of new domestic bonds—previously imposed under the International Monetary Fund (IMF) programme—is a clear testament to the competence and prudence of the ruling government.
The three-year restriction was implemented in 2023 to stabilise the economy and prevent further borrowing following the debt default that necessitated the Domestic Debt Exchange Programme (DDEP).
According to the Ministry of Finance, the lifting of these restrictions provides Ghana with a “new lease of life” and the necessary fiscal space to raise domestic funds for commercially viable, long-term infrastructure projects.
Speaking with host Kwabena Agyapong on Frontline on Rainbow Radio 87.5 FM, Hon. Worlase argued that the Finance Minister has demonstrated remarkable success.
He noted that these gains have arrived at a critical time characterised by declining inflation rates and a strengthening macroeconomic environment.
While celebrating these milestones, the MP emphasised the necessity of fiscal discipline to ensure the sustainability of these achievements, warning against a return to the economic challenges faced under the previous administration.
“That is something to be proud of as a Ghanaian. The hope is that with the success chalked up so far in managing Ghana’s debt and putting us on a speedy recovery, some people won’t take us back to the weak side and plunge us into a hole like we experienced under the previous government. If we move away from where President John Mahama left us, we will become a successful country in the future.”
By: Rainbowradioonline.com/Ghana
