
Audio By Carbonatix
Government has indicated that for its post-Covid-19 economy recovery plan to succeed, it needs adequate support from Ghanaians.
Information Minister, Kojo Oppong Nkrumah made the appeal on JoyNews’ PM Express show on Monday while contributing to a discussion on the 2021 Budget Statement.
According to him, the introduction of fresh tax measures by government is creative and necessary to revamp and salvage the economy from the claws of the coronavirus pandemic.
“It is fair for people to focus on the tax measures and ask questions about it. But this budget does not only introduce these revenue measures.
"The revenue measures are necessary because we are at a fiscal deficit of 11 to almost 12%. Debt to GDP is around 70%, in nominal terms 291 billion cedis.
“The option any government will have under these circumstances are to find creative ways of raising revenue and gradually bring back the debt and deficit to a more responsible position.
"There are a multiplicity of reasons for which we are here. Key among them is the Covid-19 challenges that we are in now. If you look at what Covid-19 has done, it has moved us from 5% to 11% and an extra 6% of GDP,” he said.
Government through the 2021 budget statement and economic policy proposed new taxes on petroleum products, 1% Covid-19 Health Levy on VAT Flat Rate Scheme and 1% on the National Health Insurance Levy (NHIL) as part of revenue measures to help the economy recover from the effects of the global pandemic.
However, responding to the proposed new taxes, the Minister explained that it is to help the country recover from the setback and get the economy back to its previous state.
The Ofoase Ayeribi MP said for government to be able to succeed in its plan to recover the economy, it needs adequate buy-in from Ghanaians.
“So we cannot escape the fact that we have to share the burden at this point in time. The real focus for me is that we gather around holding government accountable for using the money for that which it claims it is going to use it for.
"If you are going to increase road tolls, if all of us are going to see an improvement in the road conditions, the road contractors are been paid, they are finishing the road projects on which they are, I am not sure we will worry as much as we worry today,” he added.
Latest Stories
-
Finance Ministry releases GH¢350 million for flood relief and mitigation following Mahama directive
7 minutes -
Flood-hit Ghana Digital Centres says staff not dismissed, contracts only temporarily suspended
25 minutes -
No severe rainfall expected today, but showers likely over weekend – GMet
27 minutes -
Today’s front pages: Thursday, July 2, 2026
47 minutes -
Finance Ministry credits GH¢350m to flood relief and mitigation accounts
52 minutes -
GMTF advances rollout of Medicines List to improve access to specialised treatment
1 hour -
Mahama rallies traditional leaders for Free Primary Healthcare policy
2 hours -
We are losing huge capital, amidst debts and hypertension – Takoradi market traders lament
2 hours -
Fair Wages Commission pledges 90% reduction in strikes
2 hours -
Be emboldened by virtues of murdered judges to dispense justice fairly – Moderator
2 hours -
‘Prioritise flood control funding’ – Haruna Iddrisu urges Parliament
2 hours -
Shippers decry container evacuation delays at Tema Port
2 hours -
GES trains fourth cohort of district teacher support team on early childhood education
2 hours -
‘The slopes are too steep’ – Urban planner warns unsafe buildings are still being approved
3 hours -
Hantavirus outbreak nearing its end, WHO chief says
3 hours