• About
  • Advertise
  • Privacy & Policy
  • Contact
The Herald Ghana
Advertisement
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
No Result
View All Result
The Herald Ghana
No Result
View All Result

Minority resists govt’s attempt to amend BoG reserve figures

July 22, 2022
Reading Time: 2 mins read
0 0

The Minority in Parliament has resisted attempts by the government to amend portions of a report of the Finance Committee on the $750 million Afreximbank facility.

The committee’s report quoted finance minister Ken Ofori-Atta as having told the committee the reserves of the BoG have dwindled from $9 billion to 3 billion.

Chairman of the Finance Committee in Parliament, Kwaku Kwarteng moved the motion for amendment of the committee’s report to indicate the reserves dwindled from over $9 billion to 7 billion and not 3 billion.

“The loan agreement between the Government of Ghana and Africa Export Import Bank for a maximum of $750 million to finance and capital related expenditures in the 2022 budget statement. In that report Mr. Speaker we reported that the International Reserve of the Bank of Ghana had declined from $9 billion to $3 billion.

RelatedPosts

Suspend campaigns and stay in Parliament until March 31 – NDC orders its MPs

NPA boss touts benefits of G40

Our position hasn’t changed; we won’t approve new ministers – Minority

Mr. Speaker this was an error, it was an unfortunate oversight. According to the Bank of Ghana the Gross International Reserve of the country was $9.7 billion at the close of December 2021. This declined to $7.68 billion at the close of June 2022,” the deputy Finance Minister disclosed.

But, the Minority through Ranking Member for the Finance Committee, Cassiel Ato Forson rejected the move by the deputy Finance Minister.

“Mr. Speaker, I am not aware that a statement can amend a Committee’s report that has been adopted and subsequently approved. The $3 billion that the Committee’s report captured did not just surface, these are statements that came from the Minister responsible for Finance,” the Ranking Member recounted.

He added that the Deputy Minister is not responsible for changes to be effected rather the Central Bank has to take responsibility and take the necessary steps.

“It is for the Central Bank to issue a statement, the Bank of Ghana should be the one to issue a statement to correct the same if it is not the case,” Mr. Forson reiterated.

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Man leaves wife after she gives birth to 5th pair of twins

Next Post

“Kwasi Anin Yeboah is likely to go down in history as the worst Chief Justice” – Asiedu Nketia

RelatedPosts

Suspend campaigns and stay in Parliament until March 31 – NDC orders its MPs

Suspend campaigns and stay in Parliament until March 31 – NDC orders its MPs

2 weeks ago
NPA boss touts benefits of G40

NPA boss touts benefits of G40

4 weeks ago
Our position hasn’t changed; we won’t approve new ministers – Minority

Our position hasn’t changed; we won’t approve new ministers – Minority

4 weeks ago
Minority vows to probe $25M allocated for National Vaccine Institute

Minority vows to probe $25M allocated for National Vaccine Institute

1 month ago
IMF assigns Leonard Chumo as Resident Adviser to Bank of Ghana

IMF assigns Leonard Chumo as Resident Adviser to Bank of Ghana

1 month ago
Randy Abbey slams BoG boss for illegal printing of GH¢41 billion

Randy Abbey slams BoG boss for illegal printing of GH¢41 billion

1 month ago
Next Post

“Kwasi Anin Yeboah is likely to go down in history as the worst Chief Justice” – Asiedu Nketia

Ga chieftaincy; You cant hold yourself as Dzasete- Judicial committee to Yartey Oto-Ga

Chief Imam blesses NPP's General Secretary for a successful tenure

Leave Comment
No Result
View All Result

Recent Posts

  • Anas’ misfortune throws Special Prosecutor into conflict of interest situation…. Can’t be impartial in Adu Boahene’s investigation
  • NDC minority’s silence on US$1.65 billion Aker-AGM-GNPC shocks many
  • Otumfuo tells Akufo-Addo he needs best brains to solve economic crisis..Insists country is tensed
  • Irate Galamsey operators attack Golden Star Wassa Mine…Death, injuries & destruction recorded
  • Kejetia Fire: resign as  Chief Fire Officer- Peace Watch Ghana CEO
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright © 2022 The Herald Ghana. All Rights Reserved

No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World

Copyright © 2022 The Herald Ghana. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist