Budget can’t achieve targets — Minority

By on

seth attoThe Minority in Parliament has described the Budget Statement and Economic Policy for the 2017 financial year presented by the government to Parliament yesterday as a deception devoid of actionable measures to achieve the set targets.

It said, for instance, that the budget presented by the Minister of Finance, Mr Ken Ofori-Atta, failed to scrap taxes such as the Energy Sector Levy that the government said it would abolish.

Besides, it said, the intended withdrawal of import duties on spare parts was an attempt to deceive spare parts dealers and Ghanaians at large.

The Member of Parliament (MP) for Ajumako/Enyan/Essiam and former Deputy Minister of Finance, Mr Cassiel Ato Forson, said the budget was bereft of policy initiatives to achieve the gross domestic product (GDP), inflation and other targets set for the year.

He said the New Patriotic Party (NPP) promised to reduce taxes by huge margins and scrap others, noting, however, that the budget only mentioned some minimal reduction in taxes to completely deceive Ghanaians.

He said the removal of taxes on imported spare parts would make Ghana a dumping ground for all kinds of metals.

No hope

The MP for Cape Coast South and former Deputy Minister of Trade and Industry, Mr George Kweku Ricketts-Hagan, said he did not see any hope in the budget, as it did not outline significant measures needed to propel socio-economic growth.

He said the noise made by the government to reduce taxes did not reflect significantly in the budget.

The MP for North Tongu and former Deputy Minister of Education, Mr Samuel Okudzeto Ablakwa, expressed disappointment at the failure of the Minister of Finance to mention other sources of funding for the free SHS policy.

He said while the cost of the project would be GH¢3.1 billion annually, the Finance Minister only mentioned GH¢400 million as being earmarked for the project and wondered where the government intended to raise the balance to support the policy.

The MP for Keta, Mr Richard Quashigah, said the budget appeared to be pro-poor but the measures outlined in it defeated that purpose.

For instance, he said, the Finance Minister did not indicate any budget for schools infrastructure and indicated that that would mean that schools under trees would continue to exist.

 

-Graphic

ABOUT: Nana Kwesi Coomson

[email protected]

A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

view all posts by: Nana Kwesi Coomson  

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT 233TIMES

233times.com is a Ghanaian media house which serves as a major source of exclusive interviews ,music and video downloads, news and more.

233times.com reports on major events,news covering entertainment, politics, sports, etc from within Ghana, Africa and beyond.

We have a platform for the amateur artistes to portray their staggering talents ...more...

WE ON SOCIAL MEDIA. FOLLOW US

facebook twitter youtube google plus linkedIn

To advertise with us or make enquiries, please visit 233times.com/advertise or call +233249455142 (Selorm), +233248185848 (Nana Kwesi)