Business News of Tuesday, 13 September 2016Source: dailyguideafrica.comExplain GHS1.7bn shortfall in budget – Bawumia tells Gov’tDr. Mahamudu Bawumia, NPP Vice Presidential candidateDr. Mahamadu Bawumia, the vice presidential candidate of the New Patriotic Party (NPP), has called on government to explain to a discrepancy of GH¢1.7 billion in the 2016 Supplementary Budget to Ghanaians. Speaking at a recent lecture at the National Theatre in Accra, Dr Bawumia stated: “The 2016 supplementary budget has further muddied the waters by revealing a large unexplained discrepancy of GH¢1.7 billion in 2016. Gov’t borrowingsDr Bawumia revealed that government has borrowed some $39 billion in eight years, adding that by December 2016, the amount will be at least $42 billion. The calculation of the debt to GDP ratio used by the Minister is just plain wrong and misleading. Gov’t commends itselfAlthough government has imposed untold hardship on Ghanaians, President John Dramani Mahama continues to tout his achievement.

Source: GhanaWeb September 13, 2016 12:45 UTC