Flagbearer of the Liberal Party of Ghana (LPG), Percival Kofi Akpaloo and that of All People’s Congress (APC), Hassan Ayariga were today caught on live TV engaging in a verbal war over who had better academic credentials in accountancy.
The incident, which happened in the studios of Accra-based TV station, MX24, on their Spotlight, current affairs edition, Tuesday.
The brawl started when Kofi Akpaloo insinuated that Hassan Ayariga is not a qualified accountant and knows nothing about accountancy so should not engage in a banter with him on the subject.
The LPG founder said he will borrow to improve the economic fortunes of the country but not from other countries.
He explained that the country has its own sovereign money controlled by Bank of Ghana, where his government can create a loan ledger to build the economy without borrowing from other countries.
Akpaloo’s statement made Hassan Ayariga burst into laughter, which infuriated the former and he retaliated by saying the APC leader is not an accountant so he is not qualified to denigrate what he was saying.
“He’s not an accountant, I want people to understand this. An accountant is like a medical doctor, you cannot just sit anyway and call yourself a medical doctor when you don’t belong to an association. You must belong to an association, which association does he belong to – is it CA, is it ACCA, which one?” he questioned.
Reacting to Akpaloo’s question, Hassan Ayariga said he is a professional accountant who did his ACCA in London.
He said, “Let me educate this so-called accountant. I did ACCA in London. Mr. Akpaloo, I am sure that if you go and read my background, you will realize that I went to the London College of Accountancy. Which school did you go to?”
But Kofi Akpaloo in a sharp rebuttal questioned the authenticity of Ayariga’s claims asking “So what is your number…you say you have ACCA, what is your ACCA number?”
Explaining why he burst into laughter, Hassan Ayariga said Kofi Apkaloo’s strategy for raising domestic revenue has no basis in accounting, saying he just rattled anything and anyone in accounting will attest to the baselessness of his statement.
He averred that borrowing exposes the country’s financial weakness so his government will never borrow to increase the country’s domestic revenue.
“Anybody listening to him [Akpaloo] will know he is the primary school trying to educate himself in accounting…all the facts you gave which basis of accounting did use to you qualify it…you talk about borrowing, when a country begins to borrow it means the financial strength is weak”, he opined.
According to him, government continues to borrow because they are unable to raise revenue internally.
Detailing the approach his government will use, Hassan Ayariga said his government will introduce road tax in communities to raise more revenue for development.