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Budget Statement empty — Minority

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Budget Statement empty — Minority


The Minority in Parliament has described the Budget Statement and Economic Policy of the government for the 2024 financial year as a “true definition of an empty budget.”

It said the budget was “cruel, insensitive and out of touch” with the reality of the ordinary Ghanaian and businesses who would rather be inflicted with more pains and with more “suffocating taxes”.

The Minority accused the Finance Minister, Ken Ofori-Atta, and the members of the economic management team, led by President Nana Addo Dankwa Akufo-Addo, of leaving behind a bankrupt economy.

“It is important for us to note that this government is leaving behind a default economy, a budget that is debt-riddled, an economy that is over-taxed and that has seen hyperinflation, high food inflation and high monetary policy rate,” it said.

Massive corruption

Reacting to the presentation of the “Nkunim” budget statement by the minister of finance on the floor of Parliament yesterday, the Minority Leader, Dr Cassiel Ato Forson, said “As if that is not enough, this government is leaving behind an economy with high lending rate, high unemployment rate, and a misery-indexed economy never witnessed in this Fourth Republic.”

“Mr Speaker, they are also leaving behind an economy where we are seeing massive and uncontrolled corruption, according to the Catholic Bishops’ Conference.

This is the legacy that they are leaving behind,” he said.

More suffocating taxes

Dr Ato Forson noted that due to the poor management of the economy, the finance minister went to Parliament to read the budget alone.

He questioned why neither the Vice-President, Dr Mahamudu Bawumia, nor the Governor of the Bank of Ghana, Dr Ernest Addison,  accompany him to Parliament.

“But let me say they cannot abandon you; you did it with them and so they are faces of destruction and you are part of it. Bye Mr minister, bye NPP, as this is your scorecard,” he said.


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