Cassiel Ato Forson, the Minority’s spokesperson on Finance, has described the 2023 budget as empty.
He says the budget was full of grammar and had nothing positive to cushion Ghanaians.
“What he gave to us was nothing but grammar. He has informed us clearly that the Ghanaian economy is indeed in an Intensive Care Unit. This Minister has informed us that going forward to the year 2023, there is going to be a freeze on employment at a time when we know that unemployment particularly with the youth is in excess of 50 percent,” the Ranking Member on the Finance Committee of Parliament, Cassiel Ato Forson told the press.
“It looks as if this government doesn’t seem to be aware that this Ghanaian economy has introduced unbearable hardship to the citizens of this country. Unfortunately, the adjustments the Minister has announced did not show us how they intend to cut government expenditure. The things he announced are nothing but empty and did not indicate where proper expenditure cuts will come from”, Mr. Ato Forson added.
The Minister among other things announced there would be a 2.5 percent increase in VAT and the review of the 1.5 percent Electronic Transfer Levy rate to 1 percent.
According to him, the increase in VAT is expected to yield GH¢2.70 billion, which will be used to augment funding for road infrastructure development.
By: Rainbowradioonline.com/ Ghana