Business News of Thursday, 28 May 2020Source: Kasapa FMFinance Minister to justify GH¢10bn support from BoG in ParliamentFinance Minister, Ken Ofori-AttaFinance minister Ken Ofori-Atta is expected to brief Parliament about government’s decision to borrow GH¢10 billion from the Bank of Ghana. The amount is to finance the gap in the 2020 budget which has been thrown out of gear as a result of the COVID-19 pandemic. The minority, however, disagrees with the Central Bank’s support to the government, despite the threat posed by the pandemic. The former deputy finance minister indicated government’s insatiable appetite for borrowing under the cloak of COVID-19 was as a result of election 2020. Central Bank’s support for government’s budget has been halted for almost four years as part of the requirements imposed by IMF after the country went to the Fund for a bailout.

Source: GhanaWeb May 28, 2020 14:26 UTC