Finance Minister Dr Cassiel Ato Forson has shed light on the alarming scale of contracts awarded by Ministries, Departments, and Agencies (MDAs) under the previous Akufo-Addo administration. In a recent interview with Channel One TV, Dr Forson revealed that these contracts amounted to over GH¢195 billion, prompting him to suspend payments and seek further clarification from the involved MDAs.
The Minister disclosed that multiple payment requests had been submitted to the Ministry of Finance, with outstanding certificates totaling GHC18.2 billion already at the processing stage. Additionally, an additional GHC49.5 billion worth of certificates were yet to be processed at the Controller and Accountant General’s office.
“MDAs had awarded contracts over GH¢195 billion. Then, aside from that, the MDAs had generated certificates yet to be paid,” Dr Forson explained. “Those that went to the Ministry of Finance and were being processed to the Controller and Accountant General amounted to GH¢18.2 billion. Another GH¢49.5 or GH¢49.6 billion were certificates yet to be processed at the Accountant General’s office for payment. So, I was alarmed. And they expect the government to pay them.”
The Finance Minister’s disclosure highlights serious concerns regarding the fiscal commitments made by the previous administration and the potential impact on the nation’s economic stability. It underscores the need for thorough scrutiny and accountability in government spending to ensure transparency and fiscal responsibility.
As the government grapples with the implications of these substantial commitments, it is essential to prioritize prudent financial management and oversight to safeguard the country’s economic well-being. Dr Forson’s revelations serve as a stark reminder of the importance of sound fiscal policies and responsible governance in driving sustainable development and prosperity for all citizens.
It is crucial for the government to address these financial challenges effectively and implement measures to prevent similar situations in the future. By learning from past mistakes and implementing robust financial controls, Ghana can strive towards a more stable and resilient economic future.
