Majority Leader Speculates Consequences of a Vote of Censure on the Finance Minister on the Economy  

The Majority Leader and Leader of Government Business, Osei Kyei-Mensa-Bonsu, has speculated the adverse impact of a possible vote of censure on the Finance Minister, Ken Ofori Atta on the economy.

According to him, this could further worsen the state of the country’s economy and a further depreciation of the country’s currency which is currently at its lowest ebb against the Dollar. Both Majority and Minority Groups in Parliament have called for the removal of the Finance Minister, Ken Ofori-Atta and the Minister of State at the Presidency with responsibility on Finance, Charles Adu Boahen.

They have all cited the current economic hardship and the rapid depreciation of the Cedi as are some of the reasons for their request. The only difference between the opposition National Democratic Congress party and the governing party, New Patriotic Party (NPP) is the approach for the removal of the Minister.

While the NPP wants the President to sack the Minister, the NDC wants Members of Parliament to exercise their power of censure as the people’s representatives to remove the Minister which both sides of the House consider not to be the best pair of hands for the management of the economy at this time.

Though Majority Leader acknowledged that there was hardship in the country coupled with the sharp depreciation of the currency, he showed concern about the ramifications of an impeachment of the Minister in causing a further deterioration of the economy.

“My own personal thinking is that, whether or not this thing could be done midstream the negotiations with the IMF; and again, midstream the crafting of the budget. What would be the effect, the contagion effect of this in the negotiations even its impact on the performance of the currency as we see it. Mr. Speaker, these are matters which we should interrogate.”

Story By: PNAfrica’s News Desk

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