A financial analyst, Dr Amos Anim has commended the Bank of Ghana for providing financing to keep the government machinery running.
Dr Amos Anim indicated that the BoG overdraft will go a long to help the country as the government seeks a programme under the International Monetary Fund (IMF).
“It is a fact that, but for the Bank of Ghana (BoG) overdraft to the Ministry of Finance, payments of salaries would have been difficult.
Dr Anim further explained that because government is paying debts, it needs funds to ensure payment of salaries.
In his view, even Members of Parliament would not have been able to receive their salaries but for the overdraft.
“Without BOG overdraft nobody would have received salaries including parliament,” he said in an exclusive interview with 3news.com on Sunday.
“You can imagine what will happen in this country if government workers aren’t paid their salaries.The BoG overdraft has ensured that no chaotic situation happens .Government machinery working smoothly.”
“We are all aware that the execution of the budget for the year has remained challenging. Revenue has not kept pace with projections and created financing challenges. In the absence of access to the international capital market and given the constrained domestic financing, central bank overdraft has helped to close the financing gap as reflected in the mid-year budget review,” he further said in a separate write up.
He made these comments in reaction to a press engagement by the Member of Parliament for Bolgatanga Central, Isaac Adongo, who accused the Bank of Ghana for financing government.
“Hon.Adongo is a member of the Finance Committee in Parliament. I don’t expect him to be making this statement. He knows and is aware of the current situation. As a member of the Finance Committee, he is aware of the issues. ”
“Hon. Adongo is aware that without BoG overdraft, he wouldn’t receive salary. ”
“We expect our honourable MPs to be patriotic and support initiatives that will promote the good of the people of Ghana. ”
“ Parliament is in session now. I am very sure the Ministry of Finance at the appropriate time will engage Parliament on the overdraft .”