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
-
Kwaku Azar writes: A-G vs OSP
10 minutes -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
35 minutes -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
51 minutes -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
2 hours -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
2 hours -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
2 hours -
Volleyball emerges as Ghana’s fastest rising sport
2 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
3 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
3 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
3 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
3 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
5 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
5 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
5 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
5 hours