{"id":1253662,"date":"2022-11-18T18:12:54","date_gmt":"2022-11-18T18:12:54","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/18\/ive-rather-protected-public-purse-not-mismanaged-economy-ofori-atta-2\/"},"modified":"2022-11-18T18:12:54","modified_gmt":"2022-11-18T18:12:54","slug":"ive-rather-protected-public-purse-not-mismanaged-economy-ofori-atta-2","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/18\/ive-rather-protected-public-purse-not-mismanaged-economy-ofori-atta-2\/","title":{"rendered":"I\u2019ve rather protected public purse, not mismanaged economy \u2013 Ofori-Atta"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\" class=\"entry-thumb\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/11\/Budget-2020-10-696x464.jpg\"   alt=\"\" title=\"Ken Ofori-Atta\"\/><figcaption class=\"wp-caption-text\">Ken Ofori-Atta<\/figcaption><\/figure>\n<\/div>\n<p>Finance Minister, Ken Ofori-Atta, has dismissed assertions that he\u2019s been reckless in the fiscal management of the economy.<\/p>\n<p>According to him, he has complied with laid down regulations in his role as the Finance Minister.<\/p>\n<p>The country\u2019s economy has been hit by rising interest payments and elevated debt levels, increasing inflation and fast depreciation of the cedi.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>This has triggered calls for his resignation by both the Minority and Majority caucus in Parliament.<\/p>\n<p>But addressing the Adhoc Committee of Parliament hearing the censure motion brought against him, Mr. Ofori-Atta said his efforts despite the global pressures on the economy has been to protect the public purse.<\/p>\n<p>\u201cHon Co-Chairs, the ground of recklessness presupposes that I have not been guided by the laid-down regulations. I want to state that I have not been reckless in the management of the fiscal operations of the government.<\/p>\n<p>\u201cRather, our strenuous efforts to protect the public purse is what has helped this government to have achieved much, much more than any government over a similar period in virtually all sectors, including education, health, social welfare, policing, security in general, roads, railways, agriculture, industrialisation, tourism, digitization, and funding for anti-corruption institutions,\u201d he explained.\u00a0\u00a0<\/p>\n<p>The Finance Minister also said all expenditures by his administration received parliamentary approval.<\/p>\n<p>\u201cOn all those occasions, I received approval as Parliament subsequently passed Appropriations Bills for all those budgets. Every key expenditure made has been supported by this House\u201d.<\/p>\n<p>He also lamented about the delay in the passage of the Electronic Transaction Levy, which according to him negatively impacted on the fiscal state of the economy \u00a0<\/p>\n<p>\u00a0\u201cIndeed, we all saw the dire consequences when the House, for months, refused to pass a major revenue generation item introduced by this government to support the fiscal stability of the economy\u201d.<\/p>\n<p><strong>Economic hardship: I am truly sorry \u2013 Ken Ofori-Atta says as\u2026<\/strong><\/p>\n<h3>Livestream: Ken Ofori-Atta takes the \u2018witness box\u2019 at censure motion hearing<\/h3>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"D9HwNyfMC4Q\"><iframe loading=\"lazy\" title=\"Adom News Gets Results: Philanthropist renovates Hwidiem Basic and Methodist school (17-11-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/D9HwNyfMC4Q?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ken Ofori-Atta Finance Minister, Ken Ofori-Atta, has dismissed assertions that he\u2019s been reckless in the fiscal management of the economy. According to him, he has complied with laid down regulations in his role as the Finance Minister. The country\u2019s economy has been hit by rising interest payments and elevated debt levels, increasing inflation and fast [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1253664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1253662","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1253662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1253662"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1253662\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1253662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1253662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1253662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}