Kojo Oppong Nkrumah demands GH₵650bn account before new economic plan

Kojo Oppong Nkrumah, the Member of Parliament for Ofoase-Ayirebi, has demanded a comprehensive account of GH 650 billion previously approved by Parliament for economic programs before the current administration proceeds with a new $10 billion economic initiative. The lawmaker insisted that the government must provide a transparent report on how previous funds were utilized and what specific benefits they have yielded for the country. He argued that accountability for existing expenditures is a necessary prerequisite for considering any further large-scale financial proposals from the executive. The MP specifically pointed to a lack of tangible results from earlier initiatives, including the 24-hour economy policy and Poultry Development programs, which he suggested have not been satisfactorily demonstrated to the public. He noted that these projects were intended to drive job creation and industrial growth, yet their impact remains unclear. Nkrumah urged the government to prioritize the fulfillment of its original campaign promises and ensure the success of current programs before seeking parliamentary approval for additional multi-billion dollar investments. According to the Ofoase-Ayirebi representative, the demand for a detailed account of the GH 650 billion is essential to safeguard public resources and maintain fiscal discipline within the state. He emphasized that the proposed $10 billion initiative requires a high level of scrutiny, given the significant amount of capital already committed to various economic stabilization efforts under the current administration. By calling for this audit, Nkrumah highlighted the need for an evidence-based approach to economic management where new funding is contingent on the proven success of previous allocations. This call for transparency comes as Parliament prepares to deliberate on the government's future economic strategy and the proposed $10 billion funding. This development places significant pressure on the Ministry of Finance and relevant agencies to demonstrate the effectiveness of their fiscal interventions. As the debate over the new proposal intensifies, the focus will likely remain on whether the administration can meet the accountability standards demanded by the opposition and ensure that future spending is grounded in verified success.