The Minority caucus in Parliament has succeeded with a private members’ motion for the Finance Minister, Ken Ofori-Atta, to present the Domestic Debt Restructuring Programme to the House for consideration.
The motion was moved by the Minority Leader, Cassiel Ato Forson, Minority Chief Whip, Kwame Agboadza, Bawku Central MP, Mahama Ayariga, Bolgatanga Central MP, Isaac Adongo and MP for South Dayi, Rockson-Nelson Dafeamekpor.
The voluntary debt exchange programme seeks to tackle the current economic crisis, bring back macroeconomic stability and guarantee sustainable growth.
According to Ofori-Atta, not executing the domestic debt exchange programme would have brought “grave disorder” in its ability to service the country’s national.
Mr. Adongo had earlier indicated it is unconstitutional for the President and his Finance Minister to delegate the power to execute a debt restructuring programme to themselves without considering the input of the people.
The Speaker also admitted a private members’ motion to allow the setting up of a committee to probe the National Cathedral and all related matters. The Committee will also make appropriate recommendations for consideration of Parliament.
The National Cathedral project has been engulfed in several controversies and has also faced stiff opposition with a section of the public being of the view that the project is not relevant considering Ghana’s economic woes.
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