Audio By Carbonatix
The Tax Justice Coalition is asking parliament to refrain from passing the expenditure lines proposed in the 2023 Budget and Economic Policy presented by the Finance Minister, Ken Ofori-Atta.
According to the Coalition, the Minister of Finance acted in variance with the laws of the country when he disbursed funds meant for emergency purposes to the National Cathedral Secretariat.
In a statement to Joy Business, the coalition said it has noticed with concern the budget line “Contingency Vote” that appears in Ghana’s Annual Budget and Economic Policy Statement over the years and wishes to call on Ghana’s Parliament not to approve the expenditure line in the 2023 Annual Budget and future Budgets.
It described as unacceptable the contingency vote amounting to ¢1.41 billion, ¢3.41 billion, ¢5.9 billion and ¢14.5 billion for 2023, 2024, 2025 and 2026, respectively, saying "this is unacceptable as it defeats the purpose of budgeting and subverts the approval powers by Parliament".
“This is because the practice is at variance with the laws of the country. The laws have prescribed the procedures that the Minister of Finance must follow in order to cater for unforeseen and unbudgeted expenditures that come up after the budget has been approved”.
“In other words, there is NO provision for a Contingency Vote in Ghana’s 1992 Constitution and there is also NO provision for it in the Public Financial Management Act, 2016 (Act 921) and its predecessor Financial Administration Act, 2003 (Act 654)” it explained.
Furthermore, it also indicated that The Contingency Vote was introduced in the 1990s to cater for unforeseen activities and expenditures but mainly for public Workers’ salary revisions after the budget has been approved.
On the contrary, the Constitution and the Public Financial Management Act, 2016 (Act 921) (PFMA) have provided procedures for the Minister of Finance and, for that matter, the Government to deal with any unforeseen activities and expenditures.
Latest Stories
-
MGL’s May Day Egg market ends in resounding success as crowds turn out for affordable eggs
29 minutes -
Energy expert advocates increased private-sector role in power distribution to tackle dumsor
34 minutes -
Tony Asare Writes: A clotted artery, by-passes and detours
38 minutes -
No road project cancelled under Mahama’s reset agenda — Roads Minister
44 minutes -
Mahama praises IGP Yohunu, hails intelligence-led policing at Krobo-Odumase commissioning
45 minutes -
“Energy situation is stable” – John Jinapor assures Ghanaians
48 minutes -
Ghana Tuna Association reaffirms sustainability commitment on World Tuna Day
50 minutes -
Mahama commissions Odumase Krobo Divisional Police HQ, boosts operations with vehicles
1 hour -
Roads Minister urges contractors to stay on site, assures prioritised payments
2 hours -
Suhuyini credits Ameri plant for averting 2024 power crisis in Kumasi
2 hours -
Thirteen killed in Israeli strikes on southern Lebanon, health ministry says
2 hours -
Tano North MP sounds alarm over galamsey devastation, accuses officials of shielding perpetrators
2 hours -
Digital wealth, analog poverty: Why technology isn’t closing the gap
2 hours -
World Relays: Ghana miss automatic qualification after finishing 4th in heat
2 hours -
NACOC disrupts suspected drug network in Winneba ahead of Aboakyiri Festival
2 hours