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
-
Tragic End: Man who died after hospitals refused him treatment, buried
4 minutes -
Opanin Joseph Kofi Nti
2 hours -
Flights cancelled and new travel warnings issued after Iran strikes
3 hours -
Helicopter crash: Children’s support fund surpasses GH¢10.15m
3 hours -
MobileMoney Ltd breaks silence on viral TikTok fraud claim, urges public to dial 419
4 hours -
Blind refugee found dead in New York after being released by immigration authorities
5 hours -
Stanbic Bank Ghana leads $205m financing for Engineers & Planners
5 hours -
MobileMoney Ltd responds to viral TikTok video by Healwithdiana, advises customers to report fraud on 419
5 hours -
Mobile Money Ltd’s Paapa Osei recognised in Legal 500 GC Powerlist: Ghana 2026
5 hours -
Flights in and out of Middle East cancelled and diverted after Iran strikes
6 hours -
Dr Maxwell Boakye to build 50-bed children’s ward at Samartex Hospital in honour of late mother
6 hours -
One killed and 11 injured at Dubai and Abu Dhabi airports as Iran strikes region
6 hours -
Former MCE, 8 others remain in custody over alleged land fraud in Kumasi
6 hours -
Black Queens players stranded in UAE over Israel-Iran conflict
7 hours -
James Owusu declares bid for NPP–USA chairman, pledges renewal and unity
7 hours
