Connect with us

News

Finance Minister’s Covid-19 Funds Presentation Was Factual – John Kumah

Published

on


A Deputy Finance Minister, John Kumah says Finance Minister Ken Ofori-Atta, was honest with his account of the government’s COVID-19 expenditure.

“The Finance Minister has been forthright with the facts and figures and has been consistent. In fact, the Ranking Member said the Finance Minister has been consistent with his figures,” he said on Accra-based

He explained that the Finance Minister’s presentation was not in sync with earlier figures given by the President due to indirect expenditure incurred by the government.

John Kumah said the indirect expenditure was subsequently added to the government’s expenses, leading to a rise in the total figure.

“There were expenditures that, as a result of Covid-19, we could not raise revenue to do certain things, so we needed to borrow to do them. They are indirect Covid-19 expenditures. We are seeing different figures, but it is the same thing.”

John Kumah was responding to the Minority, who had said the government’s accounts of the expenditure were contradictory.

The Minority Caucus said President Akufo-Addo and the Finance Minister had given different figures in relation to how much has been spent on the pandemic.

It thus proposed the setting up of an ad-hoc committee to thoroughly probe the expenditure of COVID-19 funds.

Advertisement

Copyright © 2020-GhanaFeed.Com-Ghana News, Breaking News, Original Reporting, News Analysis and Fearless Journalism.
GhanaFeed.Com is an independent news media providing original and unbiased online news reporting and news analysis. Our mission is to provide excellent fearless journalist. Through our team of trained journalists, we report on what you care about, break big stories that hold major institutions and political structures accountable for their actions, and expose injustices that change people's lives.