{"id":32482,"date":"2021-11-10T07:29:25","date_gmt":"2021-11-10T07:29:25","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=32482"},"modified":"2021-11-10T07:29:28","modified_gmt":"2021-11-10T07:29:28","slug":"ofori-atta-has-been-cooking-the-books-hiding-true-deficit","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=32482","title":{"rendered":"Ofori-Atta has been cooking the books, hiding true deficit"},"content":{"rendered":"\n

Former President John Dramani Mahama<\/a> has stated that Ghana\u2019s economy is in tatters and things continue to fall apart because of gross mismanagement on the part of the Nana Addo Dankwa Akufo-Addo<\/a>-led government.<\/p>\n\n\n\n

Speaking on Accra-based Power FM \/ TV XYZ at the start of his Greater Accra Regional \u2018Thank You Tour,\u2019 he alleged that Finance Minister Ken Ofori-Atta<\/a> was not being truthful with Ghanaians about the true state of the economy.<\/p>\n\n\n\n

\u201cThe Finance Minister, I repeat, has been cooking the books. I have said this several times, if he is so minded, he should sue me. He has been cooking the books.<\/p>\n\n\n\n

\u201cHe doesn\u2019t give the right picture of the economy. Liabilities like the Energy Sector debt and Banking Sector clean up, he doesn\u2019t add to the deficit, he puts it as a footnote.<\/p>\n\n\n\n

\u201cSo when he says our deficit is 6%, it is because he has hidden the huge liability items and he\u2019s done that for a long time so he gets (favourable) Fitch and Moody\u2019s rating so it looks like the economy is doing well,\u201d he added.<\/p>\n\n\n\n

According to him, the government was exposed when Vice president Bawumia once claimed that the economy could withstand six months in case of a big shock.<\/p>\n\n\n\n

Mahama said just two weeks after COVID-19 struck, it took assistance from the World Bank and IMF for the economy to be salvaged. He said the six-month buffer was a bluff because, within 2 weeks, the economy was in the Intensive Care Unit.<\/p>\n\n\n\n

He also jabbed the government for growing Ghana\u2019s national debt from 120 billion dollars to 375 billion within a space of four and half years, he is even more worried that the debts are largely for consumption and that there was no major infrastructure to back the wanton borrowing.<\/p>\n\n\n\n

Send your news stories to\u00a0dannyboy744@gmail.com<\/a>\u00a0and via WhatsApp on +233 266777777<\/strong><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Former President John Dramani Mahama has stated that Ghana\u2019s economy is in tatters and things continue to fall apart because of gross mismanagement on the part of the Nana Addo Dankwa Akufo-Addo-led government. Speaking on Accra-based Power FM \/ TV XYZ at the start of his Greater Accra Regional \u2018Thank You Tour,\u2019 he alleged that Finance Minister Ken Ofori-Atta was […]<\/p>\n","protected":false},"author":2,"featured_media":32483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"yoast_head":"\nOfori-Atta has been cooking the books, hiding true deficit - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=32482\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ofori-Atta has been cooking the books, hiding true deficit - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"Former President John Dramani Mahama has stated that Ghana\u2019s economy is in tatters and things continue to fall apart because of gross mismanagement on the part of the Nana Addo Dankwa Akufo-Addo-led government. 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