Michael was born on 23rd August 1976 and grew up in the harbour town of Passage West with his family. He is the second youngest of five children. His mum Marie comes from Togher outside Cork City and his late father Jack was from Bantry in West Cork. Michael attended primary and second level school in Passage West. He went on to secure a Commerce degree from UCC and subsequently qualified as a Chartered Accountant with KPMG in Cork City. He also gained commercial experience in the private sector as a financial controller of a medium sized Cork business. Michael lives in Carrigaline with his wife Sarah and family. Michael has a keen interest in sport including golf, soccer and GAA.
Michael is currently the Fianna Fáil Spokesperson on Finance.
At the age of 22, Michael was first elected to local government in 1999 as a member of Passage West Town Council. He was Chairperson of the Town Council in 2000-2001 and subsequently secured a Cork County Council seat in 2004 in the Carrigaline Electoral Area.
In February 2005, Michael resigned from a senior finance post in UCC to concentrate on his role as a public representative.
In 2007, Michael was elected to Dáil Éireann for the constituency of Cork South Central at the first attempt. He has been a member of the Dáil Public Accounts Committee and the Joint Oireachtas Committee on European Affairs. He is currently a member of the Joint Oireachtas Committee on Finance, Public Expenditure and Reform and also a member of the Committee of Inquiry into the Banking Crisis.
Just prior to the 2011 general election, the new Leader of Fianna Fáil Micheál Martin TD appointed Michael as the party’s Spokesperson on Financial Sector Reform.
Following the death of Brian Lenihan, RIP, Michael was appointed as the party’s Finance Spokesperson in August 2011.
Fianna Fáil Spokesperson on Finance Michael McGrath has said the party is extremely concerned by the continued secrecy being applied by the Finance Minister in relation to basic information about the Irish Banking Resolution Corporation (IBRC). Deputy McGrath was commented after receiving a reply to a Parliamentary Question from Minister Noonan relating to information on […]
Fianna Fáil Finance Spokesperson Michael McGrath has obtained information which shows that 40% of commercial loans owed to IBRC when the Special Liquidator was appointed had an interest rate of less than 2%. The information was compiled by the Special Liquidator following a written parliamentary question by Deputy McGrath. The information shows that 166 loans […]