The Daily Statesman can state on authority that the Mahama Government is dead broke. It is so broke that there is no money to pay the salaries of public sector workers.
Afraid of the backlash in election year, Government has been forced to retrieve monies budgeted for the activities of Ministries, Departments and Agencies of State to be returned to the Treasury.
Disclosing this to our reporter, the Acting General Secretary of the New Patriotic Party, John Boadu, produced a ‘Bank Transfer Advice’ from the Controller & Accountant General to the Bank of Ghana requesting for nearly half a billion Ghana Cedis allocated to some MDAs to be returned to the Treasury.
The advice states in clear language, “This transfer is to facilitate the payment of salaries.”
Those affected include Ministry of Roads & Highways, Ministry of Food & Agriculture, Ministry of Local Government, the Judicial Service, Office of Parliament, KMA, and the Ghana Immigration Service.
The letter, dated August 24, 2016, and addressed to the Director of Banking Department, BoG, reads: “You are hereby authorized to transfer the sum of GHS469,176,900.00 (Four Hundred and Sixty Nine Million One Hundred and Seventy Six Thousand, Nine Hundred Ghana Cedis) from the under listed Accounts into the Treasury Main Account No. 1018431499397 at Bank of Ghana. This transfer is to facilitate the payment of Salaries.”
The New Patriotic Party is, therefore, calling on the Mahama Government to “come clean on the true state of the state coffers. It looks like Government is forced to take back monies meant for roads and other things to pay salaries,” said John Boadu, who pointed to an amount of GHS200 million, which the letter instructed to be taken out from the Ministry of Roads & Highways account to be used for salaries.
“They are even taking back GHS20 million, representing the 15% retention of internally-generated funds that the Judicial Service is supposed to keep from filing fees, etc. This cannot be a good sign,” the NPP man said.
“Nearly 40% of all revenues are now used to service interest rates on debts recklessly incurred by this Government. So there is really nothing left to pay salaries and fund capital expenditure. This can only get worse if we keep President Mahama in office. He must go. He is too dangerous for the economy,” Mr Boadu remarked.
Late last week, the running mate of the New Patriotic Party’s Presidential Candidate, Mahamudu Bawumia, diagnosed the Ghanaian economy as lacking a foundation and at best having one made of ‘straw’ and hence fatally weak to build upon.
In response to the comprehensive presentation made by the NPP running mate, government has unleashed as always its verbal ‘attack dogs’ who as expected never tackle the issues raised but engage in distortions and distractions.
“We regret to tell Ghanaians the truth that the situation with our economy is far worse than what the President is putting out there,” John Boadu stressed.
“As they say, the devil is always in the detail. You know that an economy is running on a foundation of ‘straw’ when government has to recall monies allocated for projects in the various ministries just so it can pay wages of public and civil servants. It even goes as far as taking over internally generated funds by these agencies.
“The sheer size and weight of amounts being spent on interest, loans and debt servicing in relation to our income and GDP means the economy is heading for a collapse. Yes, that is how bad it has become,” the NPP National Organiser and Ag. General Secretary said.
To source from Dr Bawumia’s presentation, ‘The entire allocations in the 2016 budget to the Ministries of Roads & Highways, Trade and Industry, Food and Agriculture, Water Resources, Work and Housing, Youth and Sports and Ministry of Transport amounted to GH₵ 2.1 billion. Interest payments in 2016 (GH₵ 10.5 billion) would be five times more than what was allocated to these six key ministries combined’.
“Such an economy has no future. This is where we are!” said John Boadu.
Source: The New Statesman
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Gaana can never be broke when all the mahama admin. has to do is increase levies and taxes across board. for as long as the people of gaana make a living, the gov't of gaana will remain propped by the sweat and toil of the masses to delight of the ruling few.
Shame on the trash political stateman newspaper that only knows lies, it was kufour's npp that sold a whole government property to pay workers because the government had no money, vodafone comes to mind.
if you think or perceive that what has been written is a lie and a propaganda why do you not come up with the evidence because this is now strange news at all ; this government were warned about over a year ago that the manner of our macro-economic control will lead to a severe crunch in our liqidity position ;the simple truth is that the government for some reason refuses to chase the numerous debts that individuals owe the government they rather prefer to go and borrow to sustain their budget ; the IMF warned us ;the World Bank warned us ; Dr Bawumia warned us but the question is did Jon Mahama and these NDC stillers take any notice -NO !!!!!!!! ; to me there a couple of reasons ; the fact is that Jon Mahama and some cronies in the NDC have quietly siphoened out our cash out of the country unto their offshore acccounts and Dubai ; Jon Mahama has wasted the country's under the guise of irrelevant development projects which if you think about it are an avenue to award contracts to his family and others ; there are the cash gifts per cars to people like Akua Donkor and others ; the fact is that we are filling the pinch of cash shortage because the IMF has quietly decided to scrtinize our performance in this IMF loan programme ; the trouble is that the government is unable to provide adequate data on some of figures they provided to the IMF ;the government was hoping that the IMF as stooo[pid as Jon Mahama thinks they are will auto matically release the cash to the government ; but the IMF knows that the cash when released will be used for consumption only ; the World Bank has already warned the government about this execessive spending ; Seth Terpkor and his team think these IMF officials are no brainers and that these Ghanaian so called politicians can pull a fast one on them ; this time they will not allow this 'KULULU' business to go unchecked ; Ghanaians arwe just the most DISHONEST people on earth ; they always think cheating or dishonestyu is the best policy ; JJ Rawlings did the same under Kwesi Bothchwayt and Ghana was caught and fined ; the same is repeating itself again ; GHANA MUST REVERT BACK TO BEEN AN HONEST NATION AGAIN AND STOP THIS DISGRACEFULL CHEATING BECAUSE IT DOES NOT HELP OUR COUNTRY !!!!!!!!!
MAHAMA TOASO. HAHAHAAAA.
Loans after loans is the answer . Attn: serlom
SIT THERE AND SAY ITS A WICKED LIE. WE HAVE CHEWED ALL THE MEAT AND ITS LEFT WITH BONES WILL COME AGAIN. REMEMBER THAT AGYA ATTAH DIED AND LEFT HIS BACK TO THIS TANII AND HE SAID CHEWED TO BONES, NOW THAT HE HIMSELF IS INPOWER THEN WE DIE FINIS SEF. WHAT IS THE PAST TENSE OF BONES AFTER BONES.
what a wicked lie. just look at these traitors.