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Listen to Catholic Bishops, Stop Wasting Resources: Ghanaian Lawmaker to Government

Credit: GCBC

A Ghanaian Member of Parliament (MP) has told the government to listen to the Catholic Bishops' appeal to stop wasting resources and to present an angle that is consistent with the fact that the country is “in dire straits” economically, which he says is “government-inflicted”.  

Last week, members of the Ghana Catholic Bishops’ Conference (GCBC) asked the government to give the International Monetary Fund (IMF) facts consistent with the real economic situation of the West African country.

“I couldn’t agree more with the revered and celebrated Ghana Catholic Bishops’ Conference following their timely appeal to the Akufo-Addo/Bawumia government to ‘present a posture that is consistent with the fact that the country is in dire straits or crisis’ and their further demand for ‘drastic government expenditure control’,” Samuel Okudzeto Ablakwa, the MP for North Tongu Constituency said in a Wednesday, February 1 Facebook post.

Hon. Ablakwa said, “The Akufo-Addo/Bawumia/Ofori-Atta government must definitely listen to the Ghana Catholic Bishops’ Conference and indeed all Ghanaians by sincerely departing from the obscene profligacy, particularly at the ostentatious Presidency where we will expect true burden sharing and frugal leadership by example at this time of government-inflicted economic crisis.”

“Expenditure documents from the Presidency between January and September 2022 which I am currently reviewing firmly justify the call from the venerable Bishops – a plea, which to be honest, many others within civil society organizations, the NDC Caucus in Parliament and former President John Mahama have been ingeminating,” said the Ghanaian Lawmaker.

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Last week, GCBC members said the proposed domestic debt restructuring process has significant consequences on the citizens of the West African country.  

The domestic debt restructuring plan, which needs to be accepted by the bondholders, is one of Ghana's efforts to restructure its dues before receiving a US$3 billion bailout requested from the IMF. The IMF bailout is to help the West African nation restore its financial stability

The far-reaching consequences of the proposed domestic debt restructuring program on the financial sector (banks and insurance companies in particular), and the cascading implications on individual holders of government instruments, once believed to be the safest investments, are too damaging, not only for investors but also their effects on the bargaining power of households and on the poor,” they said.

The Catholic Church leaders said that while they do not oppose efforts to make the nation economically sound, the government needs to seek “less burdensome and sustainable solutions to get the country out of its current economic crisis.” 

The Ghanaian government announced its plan to exchange some US$10.5 billion of existing domestic bonds and notes held by different local investors for a package of new bonds with different payout dates.

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Magdalene Kahiu is a Kenyan journalist with passion in Church communication. She holds a Degree in Social Communications from the Catholic University of Eastern Africa (CUEA). Currently, she works as a journalist for ACI Africa.