July 17, 2013

The Member of Parliament for Obuasi West Constituency, Hon. Kweku Agyemang Kwarteng is calling on government to salvage monies which were fraudulently paid to Isofoton and Waterville holdings as a mean of rescuing the country’s recent economic hardship.

According to the outspoken Legislator, imposition of more taxes on some agricultural inputs and condoms will rather worsen the situation and expose the ordinary Ghanaian citizenry to undue hardship.

The MP who was speaking on Okay FM’s “Adeakyeabea” morning programme further indicated that fraudulent monies paid to Ghana Youth Employment and Entrepreneurial Development (GYEDA), Isofoton, Waterville and Mr. Alfred Agbesi Woyome was well enough to improve the country’ recent economic situation.

Hon. Kweku Kwarteng however challenged government to as a matter of urgency set up ways and means of recovering the 1.3 Million USD and 25 million Euros Judgment debts which were paid to Isofoton and Waterville holdings after the Supreme Court had ruled that those monies were paid through dubious means.

Meanwhile, the MP further debunked claims by government that the recent economic hardship should be attributed to the implementation of the Single Spine Salary Structure (SSSS) which was introduced by the NDC government some years ago.

He said if that was the case then government should boldly come out and name any institution whose salary adjustment is draining the state’s coffers.

Hon. Kwarteng also cautioned government over excessive borrowing from the local banks leading higher increased on interest rates and thus the country’s economic hardship since private individual could not afford to match up with payment of these interest rates.

Emmanuel Frimpong Mensah/GhanaMPs.gov.gh