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Haruna Iddrisu accuses parliament of contributing to economic crisis

The House is allegedly responsible for the current economic catastrophe in the nation, according to the minority in the House.

The group claims that because of the government’s excessive borrowing, which has raised the debt stock to 100 percent of GDP, Parliament has failed in its oversight duty.

The Minority Leader, Haruna Iddrisu, stated that the role of Parliament in defending the public’s interest is eroding during a debate with the core leadership and selected committees of Parliament organised by the Ministry of Parliamentary Affairs.

“Parliament’s role as the defender of the people’s interest is lost. So how did we get here, how come we didn’t anticipate it? It is only Parliament that approves the terms and conditions of the loan. So, if we have exceeded 100 percent of GDP, how did it happen?”

He further stated that without conducting adequate oversight of government policy, Parliament has turned into a clearinghouse for the executive.

According to Majority Leader and Minister for Parliamentary Affairs Osei Kyei-Mensah-Bonsu, the country’s debt stock has decreased by around 40 billion cedis as a result of the cedi’s appreciation.

“You know that the appreciation of the cedi now has brought the debt stock down even though nothing has been done. It has climbed down by close to 40 billion and it will still climb down if the cedi continues to appreciate against the dollar.”

Additionally, Kyei-Mensah-Bonsu advised lawmakers to support the House’s committees more in order to enhance their performance and make the job of the Police relevant.

Disclaimer: The opinions expressed in this publication do not in anyway reflect the opinions of State News Ghana

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