The House is being accused of contributing to the nation’s current economic catastrophe by the minority in the House. According to the group, Parliament has failed to fulfill its oversight duty regarding the government’s excessive borrowing, which has expanded the debt stock above 100 percent of GDP.
The Minority Leader, Haruna Iddrisu, stated that Parliament’s ability to protect the interests of the public has diminished during a debate with the core leadership and a few selected committees of the House that was hosted by the Ministry of Parliamentary Affairs.
“The function of Parliament in protecting the interests of the people has been lost. So how did we get here and why did we not foresee it? The only body that can approve the loan’s terms and conditions is Parliament. How did it happen, then, if we had exceeded GDP by 100%?”
In his view, government initiatives have not been adequately scrutinized by Parliament, which has turned into a clearinghouse for the administration. According to Osei Kyei-Mensah-Bonsu, the majority leader and minister for parliamentary affairs, the country’s debt stock has decreased by around 40 billion cedis as a result of the cedi’s appreciation.
You know that even though nothing has been done, the recent cedi appreciation has decreased the debt stock. It has fallen by around 40 billion and will continue to fall if the cedi strengthens versus the dollar.
To better their job and make the work of the Police relevant, Kyei-Mensah-Bonsu also urged Members of Parliament to strengthen House committees.
