There's nothing for Bank of Ghana to gov't overdraft - Deputy Finance Minister
Speaking for the Majority on the midyear budget statement read by the finance Minister, Hon. Ken Ofori Atta the deputy finance minister Hon John Kumah told the house that, there's nothing wrong for a government to take an overdraft from the Bank of Ghana.
He further explained that, the kind of economics demonstrated by the ranking member on the finance committee is unfortunate.
According to the Ejuso MP, government will stick to the physical consolidation to be able to bring back the economy on track.
A press conference held by the Majority, the Deputy Finance Minister, Hon. John Kumah revealed that, Bank of Ghana did helped the previous NDC government through overdraft therefore, the ranking member can not describe an overdraft as printing of money.
Source: thenorthernweb - July 27, 2022