2022 Budget is not a propaganda budget – Majority Leader

Majority Leader, Osei Kyei-Mensah-Bonsu
Majority Leader, Osei Kyei-Mensah-Bonsu

Majority Leader, Osei Kyei-Mensah-Bonsu says government’s Budget 2022 dubbed ‘Agyenkwa’ cannot be reduced to a propaganda budget.

Speaking on the floor of Parliament on Wednesday, following the presentation of the budget by Finance Minister, Ken Ofori-Atta, the Majority leader, stated that what government seeks to do is provide Ghanaians with a new beginning next year.

“This nation must develop, Covid-19 or no Covid-19. This budget is set to give this country a new beginning.  A watershed budget that will mark a new beginning – to break away from the past and give Ghanaians a new beginning. The many initiatives contained in the budget are cleared for everybody to know.

“The Minister has not shied away from admitting that indeed there are downsides to our development agenda. However, this budget is not a propaganda budget,” he said.

Whiles presenting Budget 2022, Mr Ken Ofori-Atta admitted that the incumbent government has not eliminated suffering in the country.

<iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/_aS5WeULc1o” title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture” allowfullscreen></iframe>

However, “have done more in terms of social interventions than any other government since 1992 and certainly more in this regard than the NDC governments.”

The Finance Minister assured of government’s commitment to work towards mitigating the burdens imposed by the global impact of Covid-19 on Ghanaians as well as “tackle the social ills of expenditure control, corruption, recurring leakages and low
productivity.”

But Ranking Member on Parliament’s Finance Committee, Casiel Ato Forson, says otherwise. Interacting with the press, he noted that government has introduced new additional taxes rather than alleviating the recent hardships.

“The Bawumia-led economic management team has sought to impose more suffering and pain on the ordinary Ghanaian by punishing them with additional devastating taxes and other fiscal measures in the budget. From the evidence presented to us in the budget statement, this government is increasing its revenue by ₵25billion in one single year.

“This government has done a catastrophic reversal of the populace benchmark value discount. The reversal of the benchmark value discount will immediately result in a 25 to 30 per cent increase in the prices of imported commodities to make life almost impossible for million of Ghanaian households.

“We think this is not acceptable, and we will advise ourselves,” he explained.

According to him, the minority is bent on not approving the budget until the incumbent government accounts for President Akufo-Addo’s recent foreign travels that have negatively impacted the public purse.

Government introduces Electronic Transaction Levy

Mr. Ofori-Atta says government has decided to place a levy on all electronic transactions to widen the tax net and rope in the informal sector.

The Electronic Transaction Levy or E-Levy covers electronic transactions, including mobile money payments, bank transfers, merchant payments and inward remittances.

1.75% to be charged will be borne by the sender except inward remittances, which will be borne by the recipient.

According to the Finance Minister, to safeguard efforts being made to enhance financial inclusion and
protect the vulnerable, “all transactions that add up to ¢100 or less per day (which is approximately ¢3000 per month) will be exempted from this levy.”

The levy supposed to take effect next year January after Parliament approves the budget will be used to support
entrepreneurship, youth employment, cyber security, digital and road infrastructure among others.

source: myjoyonline

Publish on Apt

Do you have any Social, informational, educational or entertaining stuff that should be featured on www.aptnewsghana.com?

Please submit your stories, pictures, and videos to us via WhatsApp: +233548388489 or click on the icon on your screen. Alternatively, email us: aptnewsghana@gmail.com

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • H.E. Minister Chief Timipre Sylva Sheds Light on Market Trends in Exclusive Africa Energy Chamber (AEC) Roundtable June 24, 2022
    H.E. Chief Timipre Sylva, Minister of State for Petroleum Resources of Nigeria, provided insights into the latest across the country’s oil and gas sector during an exclusive roundtable interview organized and hosted by the African Energy Chamber (www.EnergyChamber.org) on June 24, 2022. Oil production in Nigeria has been on the decline recently. What are the main constraints […]
  • Eritrea Cycling Championship Commences June 24, 2022
    Download logoEritrea Road Cycling Championship 2022 commences today, 24 June, at the Asmara Martyrs Cemetery area with an individual time trial. In the junior men category that covered 18 km, Aklilu Arefaine, Samuel Haile, and Yoel Habteab stood first, second and third respectively. Arsema Woldemicael also won the junior females’ category that covered 9 km, […]
  • President Kenyatta Attends Commonwealth Summit Focused On Post-Covid Recovery, Sustainable Development June 24, 2022
    Download logoPresident Uhuru Kenyatta today joined other Heads of Government at the Commonwealth leaders’ summit that focused on post-Covid recovery and sustainable development. The official opening ceremony of the 2022 Commonwealth Heads of Government Meeting (CHOGM) held at the Kigali Convention Centre was presided over by His Royal Highness the Prince of Wales who represented […]
  • Congo Applies COVID-19 Genomic Sequencing Skills to Other Disease June 24, 2022
    Two years after the start of the pandemic, the Republic of Congo has begun to apply the genomic sequencing capacities developed in the fight against COVID-19 to other pathogens, including those responsible for malaria, tuberculosis or diarrhoeal diseases in young children. “Thanks to genomic sequencing, the authorities are informed almost immediately of the circulation of […]
  • Vaccinating Liberia’s Vulnerable Communities Against COVID-19 June 24, 2022
    Liberia has made headway with its COVID-19 vaccination having fully vaccinated 70% of the total eligible population since March 2021, when the vaccination programme kicked off. Robust coordination between the government and its partners, an effective COVID-19 steering committee and multiple mass vaccination campaigns have contributed to the country’s success. Now the country is ensuring […]
  • G7 Should Look to Africa for Lessons in How to Manage Multiple Crises (By Uhuru Kenyatta and Patrick Verkooijen) June 24, 2022
    Download logo By Uhuru Kenyatta, President of Kenya and Patrick Verkooijen, CEO of the Global Center on Adaptation. The G7 will convene shortly to agree on a common response to the multiple crises buffeting our world. War, food shortages, energy shocks and inflation are causing havoc in nations both rich and poor, but Africa has been […]
  • Building Resilience in Kalobeyei Integrated Settlement June 24, 2022
    In Kalobeyei Integrated Settlement camp, 20 km from Kakuma in Turkana County, Lilo* a refugee from Congo is busy sewing bags in preparation for World Refugee Day. Lilo, a mother of six, left Congo in 2017. “I used to be a community radio presenter. One day as I was looking for content, I got some sensitive […]
  • New ICUs Set to Open at Hospitals Across Lesotho June 24, 2022
    Critical care patients in Lesotho will soon be spared a trip to South Africa to receive treatment. The country is on the verge of opening its first intensive care units in public hospitals. At Mafeteng Hospital in southwestern Lesotho, an eight-bed intensive care unit will feature a ventilator with piped oxygen and can accommodate a […]
  • Delivering Progress in Africa’s COVID-19 Vaccination Drive June 24, 2022
    Africa has made progress in COVID-19 vaccination. The continent has to date received around 824 million COVID-19 vaccines. The COVAX Facility, the multilateral platform established to facilitate equity in global vaccine distribution, has delivered more than 60% of these doses, while around 33% have been procured by countries through bilateral deals and donations. The African […]
  • On a Video Conference on Cooperation in the Sphere of Food Trade June 24, 2022
    Download logoOn June 21st, 2022 a video conference on the issues of development of Belarusian-Egyptian cooperation in the sphere of food trade was held. The event was organized by the National Center for Marketing and the Association of Egyptian Businessmen with the assistance of the Embassy of the Republic of Belarus in the Arab Republic […]
About Editor 627 Articles
Joe Bright Nyarko Journalist/Communication Researcher. Environment & Sustainability Advocate. Managing Editor of aptnewsghana.com, a non-profit news portal with bias towards environment and sustainability issues, rural development policies and gender & inequality.