Audio By Carbonatix
Economist Dr Theo Acheampong says some of the expenditure cut measures outlined in the 2023 budget are unachievable.
According to him, some of them are “mere sloganeering.”
Dr Theo Acheampong said the freeze on the use of V8 vehicles in Accra by government appointees cannot be monitored.
Speaking on Newsfile on Saturday, the economist also said the budget will impose some extra hardships on Ghanaians.
“In a sense, the government talks about some austerity but in my view, this is actually not an austerity budget. At the central government level, it is very much expansionary in terms of scale and scope where we project to spend 51% more money compared to what they did in 2022 at the same time we want to raise 49% more revenue.
“So it is an austerity budget for many of citizens in the sense that some taxes are likely to go up and that is going to up to an already difficult situation. There are some measures to raise more revenue and cut expenditure but some of the time I think cannot be implemented.
“A number of the measures including the vehicles and things like that I think is mere sloganeering.”
The measure is among a number announced by the government to cut its expenditure.
Finance Minister, Ken Ofori-Atta on Thursday, announced that as part of measures to reduce government’s costs, some perks of being in government will be withdrawn.
It includes a ban on the use of V8 and V6 in the capital except in the case of cross-country journeys.
Latest Stories
-
Tafo Government Hospital children’s ward 85% complete ahead of my 45th birthday – Nana B
16 minutes -
Kessben FM yanks DJ K.A. ‘off air’ over intimate video circulated online; Investigation underway
41 minutes -
Ghana, Nigeria commit to stronger trade cooperation under AfCFTA
55 minutes -
Ghana to evacuate about 1,000 citizens from South Africa amid renewed xenophobic attacks
1 hour -
Climate change: Floods hit my home while I was defending Ghana’s forests in Germany
1 hour -
First person gets new experimental vaccine for Ebola
1 hour -
Ablakwa calls for investigation into alleged on Sam Jonah’s investments in Nigeria
1 hour -
Gov’t cuts sod for construction of Gomoa Akotsi-Kwanyarko road
1 hour -
Farmer arrested over fatal shooting of suspected yam thief in Oti region
1 hour -
Ghana Medical Trust Fund briefs Otumfuo on progress and vision for expanding specialised healthcare
1 hour -
Mahama is succeeding in nation’s fight against gold smuggling – Haruna Iddrisu
1 hour -
NSMQ 2026 : Mfantsiman Girls book place at nationals with dominant regional qualifier victory
2 hours -
Unhappy Tottenham players should leave – De Zerbi
2 hours -
Interior Minister promises police recruitment slots for families of victims in Sefwi Sayerano shooting
2 hours -
Mid-Year Budget Review: Deloitte Africa Executive calls for better revenue mobilisation and focused flagship programmes
3 hours