Home World Livestream: Newsfile discusses 2022 budget and energy sector debt

Livestream: Newsfile discusses 2022 budget and energy sector debt


Parliament on Friday presided by Speaker Alban Bagbin rejected the 2022 budget presented by Finance Minister, Ken Ofori-Atta.

The Minority MPs in Parliament after a voice vote rejected the budget in the absence of the Majority Group.

This is because the Majority Group staged a walk-out to protest what they described as “bias” from Speaker Alban Bagbin during a voice vote for the approval of the budget.

Following its rejection, the Majority has called the recent decision as “unconstitutional” and therefore urged the public to treat the House’s decision as null and void.

Today on Newsfile, host, Samson Lardy Anyenini and his panelists will take a critical look at Parliament’s decision and find out if there was any constitutionality as alleged.

Also, some relevant stakeholders in the energy sector have criticized government’s approach in dealing with the sector’s rising debt.

The concern comes on the back of the termination and renegotiation of ‘take or pay’ contracts by government with some Independent Power Producers (IPPs), as part of efforts to cut down the debt.

According to stakeholders, this approach, if not reviewed could plunge the nation back into the dark days of “dumsor.”

Executive Director for African Center for Energy Policy (ACEP), Benjamin Boakye, has predicted that Ghana’s energy-sector debt could surge to ₵7 billion by the close of the year if urgent measures are not put in place to check debt accumulation in the sector.

The show will also look at avoiding an estimated $12.5 billion economy-crippling energy sector debt by 2023.

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