Prez Akufo Addo over spend his budget by a staggering 1.4 billion dollars- Ablakwa has said.

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National Democratic Congress member of parliament for North Tongu has said President Akufo Addo is hurting the future of the country with his character of always over spending beyond his budget.

In a lengthy post shared on social media, Samuel Okudzeto Ablakwa said not only is the President overspending beyond his budgetary allocations but other state institutions like the electoral commission led by Jean Mensa have all over spend according to a report by the auditor general.

The said amount was just for 2020 fiscal year.

The issue with overspending is that Government must always borrow to make up the cash they intend to spend, hence the reason Government is fixated in borrowing.

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Ghana’s total debt is currently over 220 billion cedis.

Here is what the post of Hon. Ablakwa entails

As the debate on the abysmal record of the Akufo-Addo administration relating to protecting the public purse rages on, we must be equally concerned and outraged at what the Auditor-General has discovered which are contained in his 2020 audit report submitted to Parliament last week.

The audited public sector accounts (General Government) for the year ending 31st December, 2020 reveals rather shockingly a staggering budget overrun of GHS8,827,394,033. (That is over US$1.4billion)

In what appears to be a free-for-all spending frenzy, the Office of Government Machinery where the presidency is located, spent an excess GHS54,055,032 in addition to the GHS4,395,894,365 approved by Parliament for that office.

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Jean Mensa’s Electoral Commission also overshot its budget by a whopping GHS158,743,269. This is after spending the GHS1,521,900,898 it was allocated.

The Energy Ministry would not be outdone. They spent in excess of their approved budget by a colossal GHS4,168,960,948. That was in addition to the GHS6,322,465,995 approved for them by Parliament.

The Ministry for the Interior was not left out of the spending binge, they accumulated a massive GHS2,390,985,300 after exhausting their approved allocation of GHS6,014,660,482.

Auditor-General Johnson Akuamoah Asiedu makes clear in his findings that these budget overruns blatantly offend The Appropriation Act, 2019 (Act 1008) and Section 29 of the PFM Act.

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At this rate, one is left wondering not only if there’s anything left in the public purse but whether at all the public purse can still be found.

The citizenry can count on the NDC caucus in Parliament to vigorously and fearlessly pursue these damning audit findings in the days ahead.

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