The Minority does not appear satisfied with the government's commitment to cutting back on its expenditure in the current economic turmoil.
The NDC legislators believe the supposed measures outlined in the 2023 budget are not enough to signify the government's effort to burden-share in this crucial time.
Minority Leader, Haruna Iddrisu made these comments at a press conference on Monday, December 5, 2022.
"It is the position of this Minority that we are demanding major expenditure cuts from this government to achieve fiscal consolidation," he said.
On November 24, the Finance Minister, Ken Ofori-Atta announced some 13 measures to rationalise public expenditure.
According to him, these measures are Cabinet directives that are expected to take effect from January 2023.
This comes on the back of several calls by some sections of the public for the government to cut down its expenditure to salvage the economy.
But this is not very significant in the eyes of the Minority.
Currently, Ghana’s economy is under pressure, resulting in higher living costs and galloping inflation.
Haruna Iddrisu also called for the size of the government to be reduced.
The Minority Leader noted the lack of convincing proposals from government does not inspire confidence in the Akufo-Addo-led administration.
Additionally, the 2023 budget, Mr Iddrisu said, is fraught with needless taxation which does not augur well for the citizens.
On the newly-launched Domestic Debt Exchange programme announced by the Finance Minister, Ken Ofori-Atta, the NDC MPs say this will not be the panacea for the current economic woes.
The prioritization of the controversial National Cathedral in the budget statement despite the financial downturn is a source of worry to the legislator.
Latest Stories
-
Access Bank partners Horseman Shoes to boost local shoe manufacturing industry
3 mins -
Election 2024: Don’t vote for candidates making empty promises – CDD to Ghanaians
7 mins -
IGP shares Easter safety tips on Adom FM’s ‘Ofie Kwanso’
33 mins -
Ebo Whyte offers fully-funded trip as he unveils new play ‘Dubai or No Sex’
45 mins -
Ancient culture of Anlo Kingdom: Exploring “Torkor Atorlia,” the fifth landing stage’s old ways of punishment
60 mins -
Leaders from Saudi Arabia, Turkey, Botswana, Cameroon and Sierra Leone to lead discussions at Africa Finance Corporation’s (AFC) 4th Country & Stakeholder Symposium
2 hours -
Network International Delivers Strong 2023 Revenue growth at 15% y/y and free cashflow growth of 16% y/y
2 hours -
President Akufo-Addo extends Easter Greetings to Ghanaians, urges safe drive
2 hours -
Government pushes for use of more local materials in housing, other infrastructure projects
2 hours -
Dr Bawumia extends Easter greetings to Christians
2 hours -
CAF Confederation Cup: ‘Ghanaians should expect victory against Stade Malien’ – Dreams FC forward Ishmael Dede
3 hours -
CAF Confederation Cup: ‘We want to go there and win’ – Karim Zito on Stade Malian clash
3 hours -
Togbe Adzie Lãkle Howusu XII endorses youth leadership as New Force Movement gains momentum
4 hours -
Public Utility Workers Union appeals to PURC to address power crisis
4 hours -
Anbariya loses another appeal in Kumasi as Appeal Court ratifies High Court ruling against the Islamic Institute
5 hours