We’re prepared to support Ken Ofori-Atta on GH¢9.5bn deficit – Hon. Adongo

A Member of Parliament’s Finance Committee Isaac Adongo has pledged his support to the Finance Minister Ken Ofori Atta in finding a redress to Ghana’s fiscal deficit of GH¢9.5 billion caused by the outbreak of the Coronavirus.

The Finance Minister projected a loss of more than GH¢9.5 billion in revenue as a result of the impact of COVID-19 on economies of Ghana and around the globe.

Ken Ofori Atta told Parliament that the impact of the pandemic on the Ghanaian economy that a decline in import volumes and values, as well as the slowdown in economic activities, will lead to shortfalls in both import duties and other tax revenues.

Speaking on the matter, the Bolgatanga Central Legislator had this to say:

He stated that “Today I want to assure the finance minister that we are all together in the fight to find a solution. I as a member of parliament and a member of the finance committee together with my colleagues and all the technical brains of finance within the NDC fraternity stand shoulder to shoulder with the finance minister to find an appropriate solution to dealing with this problem.”

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