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NDC’s MPs Vote Against 2022 Budget As Parliament Reject It

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NDC's MPs Vote Against 2022 Budget As Parliament Reject It

News gathered by GhArticles.com indicates that the 2022 year budget dubbed “Agyenkwa Budget” has been rejected by the House of Parliament.

The budget which was debated on today and voted for had 137 against it and 0 votes for it’s approval.

This means that the new policies introduced by government for 2022 can not be implemented.

In a report filed by Mynewsghana.com, the Minority had requested the Finance Minister to scrape the E-Levy and make provisions for the Ketu sea defense project.

Though members of the majority were absence from the chamber for almost four hours, they came back after a call from the minority to Ghanaians to call on their MPs to part take in the debate and voting.

However, after debating the budget, the Minister of Finance appeared before the house and prayed on the Speaker to put on hold the approval of the budget for further consultation with leaders of both side but was met with rejection as those who said No were approved by the Speaker.

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After the approval on the NOs the deputy majority leader rose up and called out the speaker for not pronouncing the right judgement.

He prayed on the Speaker to rely on ‘Division’ in order 114. Subsequent to the implementation of order 114, the majority walked out of the chamber, after the Speaker ordered ministers who are not MPs to leave the House as stated in order 114.

This led to their side recording zero (0) when the Speaker returned to assume proceedings after recusing the House for 5 minutes. It must be noted that this is the first time a budget is being rejected in the fourth Republic.

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Source: GhArticles.com

Ghana Politics

2024 Elections: ‘The Key Has Been Taken From NPP’ – Rev Owusu Bempah Reveals Prophecy

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JUST IN: Rev Owusu Bempah Rearrested!

He said God revealed to him that he has taken the power from the ‘elephant family’.

According to him, a key that symbolises power is no longer in the hands of the NPP and cautioned the National Democratic Congress (NDC) that there is no guarantee the key will be handed to them in 2024.

In an interview on Accra-based Okay FM, he said “The key to winning the elections has left the NPP. I have seen it so if they will listen and pray on it, they should act fast. We should find out what Saul did before he was stripped. God can reveal to a prophet who will win the elections.

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“We should ask ourselves why God has taken the key from the NPP. If they don’t take what I said seriously, it will affect them. NDC should also not assume that due to the situation in the country, they will win the elections.”

“What I saw is that the key is no longer in the hands of the NPP but I don’t know who the key was given to. The person who took the key is yet to give it to anyone. This means that the final decision is yet to be made,” he added.

 

 

 

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Source: GhArticles.com

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Ghana Politics

Government Expected To Borrow Up To ¢3.78bn In First Quarter Of 2022

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Government Expected To Borrow Up To ¢3.78bn In First Quarter Of 2022
Looks like Government will borrow ¢3.78 billion in the first quarter of this year to finance part of the budget, its Issuance Calendar has revealed.

For the first three months of 2022, government plans to issue a gross amount of ¢24.5 billion, of which ¢20.7 billion is to rollover maturities.

This indicates that the government’s debt level is not going to reduce anytime soon.

As usual, most of the funds to be mobilised will come from the 91-day Treasury bills, a move that has helped reduce foreign debt but rather crowded out the private sector from access to financing on the domestic market.

According to the data, the government will borrow as much as ¢11.3 billion of the 91-day T-bills during the period, higher than the previous quarter.

It will be followed by the 182-day T-Bills in which a total of ¢3 billion will be mobilised. Then, finally, the biggest of ¢1.6 billion will be issued in March 2022.

¢2.15 billion will, however, be mobilised from the 364-day bills. The majority of the funds are expected to be raised this month.

¢2 billion is also expected to be raised from a 6-year bond. This is expected to be done in January 2022.

Again, the government is expected to issue a 7-year and 10-year bond in February and March 2022, respectively. ¢1.2 billion and ¢800 million are expected to be borrowed from both resident and non-resident investors.

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Government said the calendar is developed based on the Net Domestic Financing provided in the 2022 Budget, the 2022 domestic maturities for the period, the 2022 Borrowing Plan and the Medium Term Debt Strategy.

Public debt stock hits ¢341.8bn as of September 2021

Ghana’s public debt stock hit ¢341.8 billion in September 2021, the November 2021 Bank of Ghana Summary of Economic and Financial Data revealed.

This was equivalent to 77.8% of Gross Domestic Product (GDP).

Between July and September 2021, ¢5.9 billion fresh loans were added to the total debt. The surge in debt came largely from the domestic debt and due to the slight depreciation of the cedi to the dollar.

However, the government had indicated in its Issuance Calendar for the final quarter of 2021 that it will borrow just about a billion cedis.

According to the data from the Bank of Ghana, the domestic debt went up to ¢178.1 billion in September 2021, up from ¢173.9 billion recorded in July 2021. This was equivalent to 40.5% of GDP.

 

 

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Source: GhArticles.com

 

 

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Ghana Showbiz

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson’s Son

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Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son
Ato, the son of the Minister of Fisheries and Aquaculture Development, Mavis Hawa Koomson and his fiancee, Jasmine have completed their marriagewith a white wedding.

The event which was full of glitz and glamour took place during the weekend.

The peach-white-themed event took place at the Teshie Methodist Church, Accra and swiftly followed with a grand reception.

The Vice President, Dr Bawumia and his wife, Samira together with other high-profiled personalities and well-wishers graced the occasion.

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This comes on the back of a colourful traditional wedding ceremony that took place on New Year’s eve at a private venue in Accra.

Take a look at the lavish photos below:

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

 

 

 

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Source: GhArticles.com

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