Bagbin admits two motions from minority; Ofori-Atta to take DDEP to Parliament for consideration


Finance Minister (Left) and Speaker of Parliament Alban Bagbin,

The Minority Leader Dr Cassiel Ato Forson has announced that the Speaker of Parliament Alban Bagbin has admitted two key motions filed by the opposition lawmakers.

Per this action of the Speaker, Finance Minister Ken Ofori-Atta will be compelled to send the Domestic Debt Exchange Programme (DDEP) to Parliament for consideration, Dr Forson said.

Also there is going to be a Parliamentary committee to probe matters relating to the National Cathedral.

In a tweet on Friday, March 3, Dr Ato Forson who is also a lawmaker for Ajumako Enyan Essiam said “Friends, I am glad to announce the Speaker has admitted two Key motions from us! This means: 1. The finance minister will be forced to bring the #DDEP to parliament for consideration! 2. parliament shall set up a committee to probe the national Cathedral.”

Earlier, Bawku Central Member of Parliament Mahama Ayariga said the Finance Minister could not, on his own, run around in relation to the DDEP as though there was no institution to supervise him.

He indicated that the DDEP must go to Parliament for consideration.

“The matter must come to Parliament for a vote,” he said on the Ghana Tonight show on TV3 Thursday, February 16.

“The Speaker did indicate that if we wanted more opportunity to look at this, we should, in the form of motion and he is ready to admit the motion. Whatever it is there has to be the approval or blessing of the Parliament.”

He further said the Finance Minister had no legal right to solely decide on domestic bonds.

Mr Ayariga said every action of the Finance Minister should be scrutinized and approved by Parliament per the Public Financial Management Act.

“If he has not been coming to Parliament for approval, I am telling him today that he is doing the wrong thing, he must come to parliament for approval of the domestic bond.

“Tomorrow I will file a motion in Parliament requesting the Finance Minister to submit to Parliament,” he said on the Ghana Tonight show on TV3 Thursday, February 16.

Mr Ofori-Atta briefed Parliament on the DDEP on Thursday, February 16.

During his presentation, he told the lawmakers to support the government in closing the deal with the International Monetary Fund (IMF).

He said that an IMF deal would help Ghana recover quickly from the economic challenges.”

“We will recover from this crisis soon rather than later as indicated by President Akufo-Addo.

“I will urge Members of Parliament to support the government to secure the board approval for macro stability.”

Mr Ofori-Atta further told Parliament that he has met the pensioners who have been picketing to protest their inclusion in the Domestic Debt Exchange Programme (DDEP) three times.

He said he has explained to them the terms of the new bonds

He said “government is committed to the wellbeing of our senior citizens and pensioners. The government will honour their coupon payments and maturing principles.”

He added “I have met with them on three occasions where I explained the terms of the new bonds. I subsequently wrote to their convener to let him know that all pensioners who did not participate in the bond offerings are exempt.”

By Laud Nartey||Ghana


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