The Minority Leader, Dr. Cassiel Ato Forson, says the New Patriotic Party (NPP) lacks new ideas to develop the country.
According to him, Ghanaians expected that the mid-year review would have abolished several taxes.
He said that the numerous taxes have made Ghana a high-tax regime, causing businesses to move out of the country.
Speaking after the presentation of the mid-year budget by the Finance Minister, Dr. Cassiel Ato Forson said, "For example Covid-19 levy, E-levy, bola tax, tax on domestic electricity, emission levy."
- Read also: Full text: 2024 Mid-Year Budget Review
"Mr Speaker, this is a missed opportunity. Mr Speaker, instead, the minister did not announce one single new policy. The minister did not introduce new ideas. Mr Speaker, unfortunately, Ghana is on autopilot. Our economy is on autopilot.”.
Dr. Cassiel Ato Forson expressed his shock upon noticing that in Appendix 2(a) on page 107 of the minister's mid-year review and economic policy, the government had already missed its IMF program targets.
The minority leader noted that Appendix 2(a) reveals that contrary to the IMF program stipulations, which dictate that Ghana should not accumulate any arrears, the government has accumulated new arrears worth 4.5 billion Ghana cedis.
“Mr Speaker, in the original budget this government had program zero for the first half of the year, meanwhile in the midyear review appendix 2(a) provisional they have actually incurred new arrears worth 4.5 billion Cedis. Mr Speaker, we are ready to debate now.
"Mr Speaker, I am not surprised; all I want to tell them is that they are bereft of new ideas.”.
Latest Stories
-
Diddy smashed on Cassie Ventura’s door with hammer, trial told
1 hour -
‘$5bn in gold or $3bn in loans; we chose sovereignty’ – Bawumia defends gold strategy
2 hours -
Russia and Ukraine to ‘immediately’ start ceasefire talks, says Trump
3 hours -
If not for Gold-for-Oil, our economy would have collapsed – Bawumia
3 hours -
Trump’s call with Putin exposes shifting ground on Ukraine peace talks
4 hours -
‘NDC has no policy behind cedi gains’ – Bawumia dismisses opposition credit for currency stability
5 hours -
US Supreme Court lets Trump end deportation protections for 350,000 Venezuelans
5 hours -
IGP orders raid on illegal mining hub at Wassa Gyapa after JoyNews reports
5 hours -
Russia and Ukraine to ‘immediately’ start ceasefire talks, says Trump
5 hours -
France to open high-security prison in Amazon jungle
6 hours -
Gary Lineker: A sorry end to a BBC career
6 hours -
Lineker to leave BBC sooner than planned after antisemitism row
6 hours -
Nigerian judges endorse Ikot Ekpene Declaration to strengthen digital rights protection
6 hours -
Call for load shedding timetable misplaced; power generation meets peak demand – Energy Ministry
6 hours -
Cedi records 17.17% appreciation to dollar; one dollar going for GH¢13.50
7 hours