• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 15, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Haruna Iddrisu Urges Parliament To Cap Government Borrowing Capacity To 70% Of GDP

Evans Junior Owuby Evans Junior Owu
December 22, 2023
Reading Time: 4 mins read
Evans Junior Owuby Evans Junior Owu
in General News
0
Haruna Iddrisu Urges Parliament To Cap Government Borrowing Capacity To 70% Of GDP

Haruna Iddrisu

The Member of Parliament for Tamale South in the Northern Region and former Minority Leader, Haruna Iddrisu has urged Parliament to ensure that no government under the Fourth Republic is allowed to borrow beyond 70 per cent of the country’s GDP.

Reacting to the country’s unsustainable and rising debt, the Tamale South lawmaker, strongly asserted that the unsustainable debt rate of country makes it very difficult for the country to repay, a situation according him has worsened the country’s economic situation in recent times.

According to him, if Parliament can impose such restrictions on the government’s capacity to borrow, it would help in addressing the country’s high debt situation.

RelatedPosts

Kennedy Agyapong Vows Never to Concede Before EC Declaration

NHIA Charts New Strategic Direction for 2026–2029 Medium-Term Plan

AMA Arrests 21 Traders for Selling on Drains at Agbogbloshie Market

“This parliament must sit up and we must sit up to demand a feeling for good for all presidents and governments. I maintain that no president or government should be allowed to borrow beyond 70% of GDP”.

Haruna Iddrisu

The former Minority Leader further called on Parliament to initiate steps to conduct a forensic auditing into the high amount of debt that the Ministry of Finance owes most state-owned enterprises in the country.

Honourable Haruna Iddrisu specifically mentioned the huge debt that the Finance Ministry owes State Enterprises such as the Ghana Gas Company, the Electricity Company of Ghana, and the National Communication Authority among others.

According to him, the situation is having severe implications for the day-to-day operation of most of these State Owned Enterprises.

ADVERTISEMENT

“I am asking for a forensic audit as to how much money the Ministry of Finance has held on state-owned agencies, Ghana Gas, ECG, NCA. Those of them who have other holding that the office of the Chief of Staff has taken money away from them. We need to know”.

Haruna Iddrisu

Second Deputy Speaker Chastised Over Conduct During Finance Ministry Budget Approval  

Meanwhile, the Member of Parliament for Tamale Central in the Northern Region, Ibrahim Murtala Mohammed has chastised the Second Deputy Speaker of Parliament, Honorable Andrew Amoako Asiamah for his conduct during the voice note on the approval of budget allocation for the Ministry of Finance.

The Tamale Central Legislator speaking in a media interview on the issue raised concern over the lack of transparency on the conduct of the second Deputy Speaker and admonished the need for Parliament as an institution to embrace transparency in its operation.

According to him the decision by the second Deputy Speaker of Parliament Andrew Amoako Asiamah to suspend sitting after the Majority Caucus in Parliament lost a voice vote during the approval of the budget allocation for the Ministry of Finance was very unfortunate.

“What the 2nd Deputy Speaker needed to do after the voice vote was done which was very clear that we [Minority] rejected the budget of the Ministry of Finance was to rule. So, this idea of suspending sitting and coming back to rule on it was embarrassing”.

Ibrahim Murtala Mohammed

Honourable Murtala Mohammed further argued that the conduct of the Second Deputy Speaker contravenes the Standing Orders  and standard practices of Parliament.

The lawmaker explained that the budget was approved because the bell in the chamber did not ring when the House reconvened, which resulted in the Minority Caucus losing the voice vote for the second time.

He also questioned why the Minority leadership did not raise concerns to the Speaker upon realizing there were few of their members in the chamber.  

“What the Majority did with the 2nd Deputy Speaker was very clear. They knew that they have lost the vote and having lost the vote, they disregarded the procedure that is expected to be done

Ibrahim Murtala Mohammed

READ ALSO: Contentions Rise Over A Partisan Controller And Accountant General To Resign

Tags: DebtGDPghanaHaruna Iddrisuibrahim murtala mohammedMinistry of Finance
Please login to join discussion
Previous Post

Banks Experience Remarkable Shift in Investment Portfolio As T-Bills Surge by 285% in October 2023

Next Post

U.S To Sanction Foreign Banks That Support Russia Militarily

Subscription Form

Related Posts

Kennedy Agyapong Confident After NPP Flagbearer Vetting
General News

Kennedy Agyapong Vows Never to Concede Before EC Declaration

October 15, 2025
NHIA Deputy Chief Executive for Operations, Dr. Senanu Kwesi Djokoto
General News

NHIA Charts New Strategic Direction for 2026–2029 Medium-Term Plan

October 15, 2025
AMA Arrests 21 Traders for Selling on Drains at Agbogbloshie Market
General News

AMA Arrests 21 Traders for Selling on Drains at Agbogbloshie Market

October 15, 2025
IMANI Demands GAF Recruitment Reforms Beyond Age Extension
General News

IMANI Demands GAF Recruitment Reforms Beyond Age Extension

October 15, 2025
Dr. Mahamudu Bawumia
General News

Bawumia Blames NPP’s 2024 Defeat On Members Who Failed To Vote

October 15, 2025
Kofi Asare Questions Dr. Bawumia’s Proposal to Scrap BECE
General News

Eduwatch Boss Blasts Government’s Inaction over Galamsey-Contaminated Food

October 15, 2025
Israel Urged To Open More Gaza Border Crossings To Allow Aid
Asia

Israel Urged To Open More Gaza Border Crossings To Allow Aid

by Comfort AmpomaaOctober 15, 2025
PHDC Signs MoU with Chemexa Petrochemical
Extractives/Energy

PHDC Signs MoU with Chemexa Petrochemical to Construct Storage Tanks 

by Prince AgyapongOctober 15, 2025
EU Likely To Not Reach 1m Round Ammunition Target For Ukraine
Europe

Germany Pledges More Military Aid For Ukraine

by Comfort AmpomaaOctober 15, 2025
UBA Ghana Defies Market Pressures, Posts GH¢1.08 Billion Earnings in Q3 2025
Banking

UBA Ghana Defies Market Pressures, Posts GH¢1.08 Billion Earnings in Q3 2025

by M.COctober 15, 2025
Kennedy Agyapong Confident After NPP Flagbearer Vetting
General News

Kennedy Agyapong Vows Never to Concede Before EC Declaration

by Silas Kafui AssemOctober 15, 2025
NHIA Deputy Chief Executive for Operations, Dr. Senanu Kwesi Djokoto
General News

NHIA Charts New Strategic Direction for 2026–2029 Medium-Term Plan

by Evans Junior OwuOctober 15, 2025
Israel Urged To Open More Gaza Border Crossings To Allow Aid
PHDC Signs MoU with Chemexa Petrochemical
EU Likely To Not Reach 1m Round Ammunition Target For Ukraine
UBA Ghana Defies Market Pressures, Posts GH¢1.08 Billion Earnings in Q3 2025
Kennedy Agyapong Confident After NPP Flagbearer Vetting
NHIA Deputy Chief Executive for Operations, Dr. Senanu Kwesi Djokoto

Recent News

Israel Urged To Open More Gaza Border Crossings To Allow Aid

Israel Urged To Open More Gaza Border Crossings To Allow Aid

October 15, 2025
PHDC Signs MoU with Chemexa Petrochemical

PHDC Signs MoU with Chemexa Petrochemical to Construct Storage Tanks 

October 15, 2025
EU Likely To Not Reach 1m Round Ammunition Target For Ukraine

Germany Pledges More Military Aid For Ukraine

October 15, 2025
UBA Ghana Defies Market Pressures, Posts GH¢1.08 Billion Earnings in Q3 2025

UBA Ghana Defies Market Pressures, Posts GH¢1.08 Billion Earnings in Q3 2025

October 15, 2025
Kennedy Agyapong Confident After NPP Flagbearer Vetting

Kennedy Agyapong Vows Never to Concede Before EC Declaration

October 15, 2025
NHIA Deputy Chief Executive for Operations, Dr. Senanu Kwesi Djokoto

NHIA Charts New Strategic Direction for 2026–2029 Medium-Term Plan

October 15, 2025
Subscription Form
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.