Following the Minority Leader’s claim that National Democratic Congress (NDC) spent over GHC2.8 bbillion on the campaign of President Mahama in 2012, the Deputy Minister of Information and Media Relations, Felix Kwakye Ofosu has issued a statement describing the statement of Hon. Osei Kyei Mensah Bonsu as “totally false”.
Below is the full statementunedited from the Deputy Minister;
RE: GH ¢2.8 billion “embezzled” to project Mahama in 2012 – Minority Leader
Government has noted an allegation made by Hon. Kyei Mensah Bonsu, Minority Leader in Parliament in an interview with myjoyonline.com, to the effect that an amount of GH¢ 2.8 billion was “embezzled” or sank into the 2012 campaign of President John Dramani Mahama.
Government wishes to point out that Mr Mensa Bonsu’s claims are totally false and regrets the fact that in spite of his unimpeded access to information on the economy as Minority leader, he chose to dabble in anti-government propaganda of the most undesirable kind when attributing the budget deficit of 2012 to embezzlement during the electioneering campaign that year.
The 2013 Budget which was debated and passed by the Parliament of Ghana clearly outlined and quantified the causes of the fiscal slippage in 2012. For the avoidance of doubt we wish to reiterate that the factors that accounted for the excess deficit in 2012 are as follows:
Higher wages and wage arrears payments under the implementation of the Single Spine Salary Structure-GH¢ 1,909 million(or 2.6 % of GDP)
Shortfall in corporate income taxes from petroleum sector-GH¢ 708.2million(0.5% of GDP)
High interest cost burden arising from a steep rise in short term domestic interest rates-GH¢ 245million(0.3% of GDP)
Shortfall in grants from donors-GH¢ 389.4 million(0.5% of GDP)
Higher subsidies on utilities and petroleum products-GH¢ 339million(0.5% of GDP)
Higher spending on goods and services-GH¢ 354million(0.5% of GDP)
More importantly, Mr Kyei Mensa Bonsu is fully aware that in view of the above, government has adopted measures aimed at ensuring a reduction in the budget deficit and also to inject greater prudence in public expenditure. Notable among these measures is the implementation of the Ghana Integrated Financial Management System (GIFMIS).
While Mr Kyei Mensa Bonsu’s outburst appears to be the latest installment in a series of malicious falsehoods hurled at President Mahama and his government as a way of giving the NPP some perceived political advantage, government is unfazed and remains focused on delivering on the overwhelming mandate given it by the people of Ghana in the 2012 elections.
FELIX KWAKYE OFOSU
DEPUTY MINISTER FOR INFORMATION AND MEDIA RELATIONS
(January, 17th 2014)
Author: Nana Kwesi Coomson (www.233times.com)
An Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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