6 reasons Minority, Majority MPs want Finance Minister kicked out of office
In a shocking turn of events, about 80 MPs of the Majority Caucus in Parliament have called for the sacking of the Finance Minister, Ken Ofori-Atta.
The call for the sacking of the Finance Minister was made by the MP for Asante Akyem North, Andy Appiah-Kubi, during a press briefing on Tuesday morning, October 25, 2022.
The development comes amid a worsening economic downturn in the country as the Finance Minister looks to the International Monetary Fund (IMF) for a crucial bailout.
While the Majority MPs have failed to give specific reasons for which they want the Finance Minister out, the Minority Caucus in Parliament has provided six (6) reasons for which they want Mr Ofori-Atta out of office.
Speaking during a press briefing Tuesday afternoon, October 25, 2022, Ranking Member of the Finance Committee of Parliament, Cassiel Ato Forson, mentioned deliberate and dishonest misreporting of economic data to Parliament, mismanagement of the economy, unconstitutional withdrawals from the consolidated fund, among others.
According to Mr Ato Forson, the following are the reasons for which they want the Finance Minister removed from office:
- Conflict of interest in that Databank receives commissions from debts issued on the bonds market.
- Unconstitutional withdrawals from the Consolidated Fund in contravention to Article 178 of the 1992 Constitution and the PRMA Act, supposedly for the construction of the National Cathedral.
- Payment of oil revenues into offshore accounts in violation of Article 176 of the 1992 Constitution and the PRMA Act, Act 815.
- Deliberate and dishonest misreporting of economic data to Parliament
- Fiscal recklessness resulting in the crash of the cedi, which is now the worst performing currency in the world
- Ineptitude resulting in the collapse of the Ghanaian economy and excruciating cost of living crisis
