Audio By Carbonatix
The Ranking Member on Parliament’s Finance Committee, Dr Cassiel Ato Forson has accused the Akufo-Addo government of mismanaging the country's resources.
He said the country's economic hardship should not be blamed on the Covid-19 pandemic but the mismanagement of the current administration.
Backing his statement with statistics on the country's public debt, Mr Forson stated that the public debt increased from 56% to 76% of Gross Domestic Product (GDP) during President Akufo-Addo's first term in office.
Again, he hinted that in the year 2020, an amount of 55.34% of the country's tax revenue was used for the purposes of paying interest on borrowed money, which he said, was 46.22% in 2019 - before Covid-19.
"Mr Speaker, how can anybody just turn around and come and blame Covid. The problem is not Covid, the problem is mismanagement that is what the problem is. It is your mismanagement that has created the mess and you can not blame Covid."
His comment comes on the back of the 2021 budget statement presented before the House by the caretaker Finance Minister, Osei Kyei-Mensah-Bonsu.
In his presentation, he announced government's decision to introduce new levies to help restore the economy following the impact of Covid-19 on the economy.
Deliberating on the 2021 Budget statement in Parliament Tuesday, March 16, the Ajumako-Enyan-Esiam MP indicated that, the new levies proposed by Akufo-Addo is a way to lure the general public into paying the overwhelming debt.
"Mr Speaker today we are confronted with a situation of government saddling us with public debt. Public debt to the extent that we have to pay with the option that Ghanaians must pay in the form of taxes."
Mr Ato Forson further said the taxes proposed by government are too harsh and is likely to impose hardship on Ghanaians.
"Today they have introduced taxes all of us are worried about, the ordinary Ghanaian is complaining because the taxes are so harsh," he stated emphatically.
Latest Stories
-
Newmont Ahafo Development Foundation announces homecoming of scholarship beneficiaries
22 minutes -
Gastro Feastival 2025 wraps up with food, music and mastery at Palms Convention Centre
37 minutes -
Australian High Commissioner rallies Ghanaian men to shift toward positive masculinity
40 minutes -
Dove Nicol officially releases self-titled debut EP
54 minutes -
Local Government Minister declares Zoomlion “essential” to Ghana’s development
1 hour -
NPA hosts 2025 Downstream CEOs Meeting to advance sector innovation and collaboration
2 hours -
Neglected Tropical Diseases: Leading WHO expert on NTDs, sounds alarm at REMAPSEN Media Forum
2 hours -
This Saturday, Newsfile to discuss Kpandai rerun and OSP repeal bill
2 hours -
WHO Sounds Alarm: Africa falling behind as only 58 countries eliminate neglected tropical diseases
2 hours -
Ghanaian journalist Dela Aglanu wins top award at inaugural Global South Video News Awards in Abu Dhabi
2 hours -
E&P, Azumah Resources sign $37.5m deal with FLSmidth to accelerate gold projects
2 hours -
Corona Sunset Session: A golden reset for Accra’s overworked young professionals
2 hours -
EOCO confirms arrest of notorious cybercriminal Abu Trica in $8m romance-scam
3 hours -
Finance minister calls for more aggressive and proactive tax collection
3 hours -
Qatar invites African countries for knowledge-sharing in tournament hosting
3 hours
