The 2022 Budget Statement and Economic Policy has been referred to as a “sika mpe dede budget” by the minority leader in parliament, Haruna Iddrisu.
The popular’sika mpe dede’ that President Nana Addo Dankwa Akufo-Addo used in his final speech to the nation inspired the Akan expression, which literally translates to ‘debt does not like noise.’
The Minority Leader criticized the Minister of Finance, Ken Ofori-Atta, for excessive borrowing as he stood up to second the motion on the floor of parliament to adjourn the session.
He clarified that given the minister’s presentation of the budget’s specifics and his own admission that the nation is heavily indebted, the word “sika mpe dede “best describes the
“Mr. Speaker, this budget is sika mpe dede budget.”
In addition, Haruna Iddrisu urged the minister to rein in the government’s borrowing binge.
“Mr. Speaker, my first request to the minister is that she regularize the borrowing authorized under the 2016 Bank of Ghana Act as modified.
You must return to this House to ask for our permission and authority to reduce your excessive borrowing from the Bank of Ghana, he remarked.