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Ablakwa rejoices as Heritage Fund remains untouched in coronavirus battle

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North Tongu MP Sam Okudzeto Ablakwa rejoiced on Saturday as Ghana’s Heritage Fund remained untouched amid the Covid-19 battle.

In a write-up on Fb, the outspoken legislator wrote: “a sizeable victory for the hands off Ghana Heritage Fund movement. Congratulations to all these who manufactured their voices listened to.”

The Finance Minister, Ken Ofori Atta questioned MPs on Monday to amend portions of the Petroleum Revenue Management Act (PRMA), to let the governing administration to accessibility the Heritage Fund to enable in the fight in opposition to the new coronavirus pandemic.

Ken Ofori Atta
Ken Ofori-Atta

But his request confronted criticisms from some MPs and a section of the community.

Mr. Ablakwa, for instance, questioned President Nana Akufo-Addo to lower price tag by reducing his government’s dimension and generate income from the funds.

“Last night, Finance Minister Ken Ofori-Atta was compelled to beat a rapidly retreat from his earlier intentions to deplete the Ghana Heritage Fund which he communicated to Parliament when he addressed the Household on Monday and as can be confirmed from web pages 15 and 16 of his tackle,” Ablakwa wrote.

He additional: “In his remarks past night just after securing $200million pounds for the coronavirus battle from the Stabilisation Fund which was recognized in 2011, the Finance Minister is now contacting for a countrywide debate to ascertain the way ahead.”

Examine his full article below

Of course, there have been a ton of remarkable situations in Parliament this week which seem to arrive at a crescendo this evening.

I shall mirror on a number of these episodes later on. For now, it is essential that I issue out particularly for the benefit of all those who supported the resistance to secure the Ghana Heritage Fund that there is some good news.

Very last evening, Finance Minister Ken Ofori-Atta was compelled to conquer a quickly retreat from his previously intentions to deplete the Ghana Heritage Fund which he communicated to Parliament when he dealt with the Home on Monday and as can be verified from web pages 15 and 16 of his address.

In his remarks last night time after securing $200million pounds for the coronavirus battle from the Stabilisation Fund which was established in 2011, the Finance Minister is now calling for a nationwide debate to figure out the way ahead.

A substantial victory for the palms off Ghana Heritage Fund movement. Congratulations to all those who designed their voices heard.

As I reiterated on the floor immediately after the Minister’s statement, we are all united and established to battle COVID-19 irrespective of our political dissimilarities, however, we are unable to be united in denying the potential generation their due in particular when we are leaving them with so a great deal financial debt. I manage that our option lies in reducing down expenditure and eradicating waste to cost-free means to fight the pandemic. At minimum that ought to be our initial thing to consider right before placing our eyes on our children’s inheritance. I included that we also will need to know particularly how much our nationwide response program expenditures and the breakdown of exact same. For all we may possibly know, the US$100million from the Entire world Financial institution, the US$200million from the Ghana Stabilisation Fund and the outstanding donations from company Ghana and patriotic folks are possibly more than enough to mount a effective preparedness technique and social mitigation programme.

I sincerely hope and pray that we build a costed plan which would be satisfactory to most industry experts before continuing to dissipate every single accessible fund. As comes about in each transparent and accountable administration, It need to be strategy right before funds not funds just before a prepare.

May well we find the braveness to do what is proper and may well the Excellent Lord preserve our lives.



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