Audio By Carbonatix
A finance and economic expert and member of the NPP Communication team is demanding greater transparency in government spending of revenue generated.
Stephen Amoah observes that increases in existing taxes and the introduction of new ones by government, resulting in improved revenue have not reflected in funding of development projects in the country.
The Minister for Finance and Economic Planning last week went to parliament to seek approval for a supplementary budget of 1.5 billion Ghana cedis.
Dr. Kwabena Duffour told the House the 2011 budget was based on actual data for the first three quarters of the year with the fourth quarter based on estimates.
He underscored upward adjustment in revenue projections caused by the passage of the Petroleum Revenue Act, rise in crude oil prices on the world market and production volumes.
The Finance Minister further outlined projects and areas the money will be channeled into.
However, Stephen Amoah who is also a member of the NPP communication team believes government must be more open to Ghanaians on how such money is being spent.
"Road tolls have been increased over 1,000 percent. It's been known that we have borrowed almost 5 billion additional money to the 8 billion that we owe. Looking at the quantum or the amount of money that we are generating, looking at the fact that they are saying that they are exceeding revenue target, we do not see tangible manifestation in terms of what is going on in the country," he added.
Mr. Amoah also appealled to the government to be cautious in its borrowing to ensure the country does not slip back into HIPC.
Story by Elton John Brobbey/Luv FM/Kumasi/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
‘Madam Koi Koi’: Nollywood actress Oby Kechere is dead
2 hours -
Nollywood actress Funke Akindele stranded over Air Peace delay in London
3 hours -
‘I didn’t want to marry artiste, pastor, politician’ – Banky W’s wife, Adesua
3 hours -
Actor Lateef Adedimeji, wife welcome triplets
3 hours -
‘Finding fuel was a problem’ – Davido explains after missing show
3 hours -
Air Ghana increases cargo fleet with third Boeing 737 freighter, boosting West Africa trade
3 hours -
Witness details management of multiple company accounts in Adu-Boahene trial
3 hours -
Court remands two over unlawful possession of arms
3 hours -
Manchester City reject Man Utd FA Youth Cup final venue offer
3 hours -
‘Caption this’ – Ferdinand and Carragher’s social spat
3 hours -
Terzic agrees to become new coach of Athletic Club
4 hours -
Foden reaches agreement over new Man City deal
4 hours -
Players will boycott a Slam ‘at some point’ – Sabalenka
4 hours -
Arsenal reach Champions League final for the first time in 20 years
4 hours -
National Food Buffer Stock needs GH¢770m to clear rice glut as GH¢100m procurement continues
4 hours