The Minority in Parliament has accused President John Mahama’s administration of mismanaging public funds, raising concerns over how the government is handling the significant revenue left by the previous New Patriotic Party (NPP) administration and generated in recent months.
Spokesperson Stephen Amoah questioned the government’s spending, highlighting the “unprecedented sweeping of the accounts of public agencies,” including Senior High Schools, which has disrupted operations.
“The country is in comatose, and nothing is happening in these agencies since the NPP handed over government to the NDC,” Mr. Amoah stated.
He also pointed out that the NPP administration left behind GHS3 billion in T-Main 2 Accounts at the end of 2024, along with January’s Domestic Tax Revenue of GHS8.7 billion, and GHS38 billion borrowed through Treasury Bills in January 2025.
“We are at pains to ask the government why this state of affairs persists despite the significant revenue generated,” he said. “What has the government been doing with all this money?”
The Minority also questioned the government’s claims about bondholder obligations draining public funds, noting that recent coupon payments required no more than GHS6 billion in cash.
Mr. Amoah highlighted that the NPP government had already made payments totalling GHS17.25 billion in Payment-In-Cash (PIC) and GHS9.77 billion in Payment-In-Kind (PIK) to bondholders between August 2023 and December 2024.
He cautioned that continued political interference in matters related to bondholders could undermine investor confidence.
The Minority also demanded an explanation for the non-payment of contractors since the Mahama administration assumed office, despite the substantial revenues available.
Mr. Amoah concluded by vowing to hold the government accountable, ensuring that investor confidence is maintained and public resources are used transparently.
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