It is not my duty to give the government good ministers – Haruna

Haruna Iddrisu is the Minority Leader in Parliament

The minority leader said it was not his duty to give the Akufo-Addo administration good ministers.

He said this when TV3’s Evelyn Tengmaa asked him in an interview on Monday May 24 why his side, the National Democratic Congress (NDC) of Parliament’s Appointments Committee, endorsed Mr. Ofori-Atta as minister of Finances after expressing concerns about Mr. Ofori-Atta during President Akufo-Addo’s first term.

He said: “Also take note of Ken Ofori Atta, Minister of Finance. Every government claim has been mortgaged, GETFund claims mortgaged, Ghana Exim bank claims mortgaged, NHIS operates on bonds. “

You went ahead to approve the finance minister when you knew all these things about him, Evelyn told him.

But in response, the Tamale South lawmaker said, “Is that enough to say you don’t approve of anyone?” I leave this answer to you.

He added: “It is not my duty as the leader of the minority to give the government good ministers, it is not my duty. I have acted only in accordance with the law and the constitution. “

He further questioned the government’s decision to spend huge sums of money establishing a new bank rather than using the money to support banks that collapsed during the recapitalization exercise. .

He said: “We need to discuss this in depth. Why did the Minister of Finance not borrow to save these other banks or these other financial institutions in the country?

“He bankrupted several banks at a cost of 23 billion and that still counts. They just needed four hundred million for the recapitalization. You have BAD and NIB bleeding financially instead of providing them with cash and capital, you borrow to set up a bank. To do what? What NIB and ADB cannot do if they receive capital support. “

The Ministry of Finance and the European Investment Bank signed an agreement for the granting of a facility of one hundred and seventy million euros (170 million euros) for the creation of a new national bank, the Development Bank of Ghana (DBG).

DBG is an integral part of the GH ¢ 100 billion Ghana Cares ‘Obaatampa’ project, which ensures the revitalization of the Ghanaian economy following the onset of COVID-19.

This event took place on Wednesday, May 19, 2021, when the President of the Republic, Nana Addo Dankwa Akufo-Addo, held a meeting with the President of the European Investment Bank, Dr Werner Hoyer, as part of her visit official in Belgium.

The 170 million euro facility, according to Dr Hoyer, is the largest facility provided by the European Investment Bank for the establishment of a development bank in Africa or for any other project, for that matter, on the continent.

Speaking at the signing ceremony, President Akufo-Addo noted that “The Development Bank of Ghana will play a very important role in the rapid economic transformation of Ghana after the onset of COVID-19”.

According to him, “We want to restructure the economy and move it from being a simple producer and exporter of raw materials to an economy that places much more emphasis on value-added activities. We see this bank (DBG) as the one that will play a central role in this regard ”.

The President indicated that the design and operation of the Bank, “which has been under review for two years”, will meet the highest standards, oversight and best practice of development banks around the world, ensuring in in addition to the fact that the € 170 million in loans from the EIB will be used for the purposes for which it was requested. “

President Akufo-Addo reiterated that the provision of this facility signals Ghana’s determination to continue its partnership with the EU, with the President informing Dr Hoyer that Ghana will be the responsibility of the EIB to continue funding other ongoing projects. , as the country works to recover from the impact of COVID-19.

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