Where Is The Money? - Kennedy Agyapong Questions NDC Government

The Member of Parliament (MP) for Assin Central constituency is challenging the ruling New Democratic Congress (NDC) to explain why they made a profit of four thousand six hundred dollars ($4,600) after investing fifty four million, eight hundred and five thousand dollars ($54,805,000) as stated in their budget. According to Hon. Kennedy Agyapong, after analyzing the budget presented by the Finance Minister Seth Terkper recently, it is clear that the Mahama led administration has misused government funds without accounting for it. �This is the budget they present in parliament and after reading; I could tell this people (the NDC) have �chopped� our (Ghanaians) money. Where is the money? These are questions we have to ask. Because this money when Ghana discovered oil, we were hoping Ghana is now rich to develop but if you look at how the NDC government is disbursing this money, it�s very pathetic,� he cried. Kennedy Agyapong claims his mother will not even disburse such an amount of money if given to invest. �My uneducated mother if given $45, 805 to work with at Makola will not tell you she made a profit of $4, 600. Even Makola you will not get such profit after investing such a whooping amount of money,� he opined. Hon. Kennedy Agyapong quoted pages from the Committee�s reports covering receipts of oil revenues in 2011 and 2012. Speaking on HELLO FM, the outspoken NPP MP explained that after setting aside a percentage of the oil proceeds for the Ghana National Petroleum Corporation, the remainder is transferred into the Petroleum Fund, where about 70% is used to support the budget while the remainder is transferred into the Heritage Fund. �In 2011, government transferred $69.21 million into the Petroleum Fund after receiving $444million. But when Ghana received $979,315,485 in 2012, government transferred only $45,595,226m. �The law requires that after every lifting, some money should be transferred into the Petroleum Fund. But this was not always the case in 2012. What happened? Where is the money?� he asked.