{"id":4506,"date":"2021-11-17T23:13:28","date_gmt":"2021-11-17T23:13:28","guid":{"rendered":"https:\/\/www.aptnewsghana.com\/?p=4506"},"modified":"2021-11-17T23:13:28","modified_gmt":"2021-11-17T23:13:28","slug":"2022-budget-is-not-a-propaganda-budget-majority-leader","status":"publish","type":"post","link":"https:\/\/www.aptnewsghana.com\/index.php\/2021\/11\/17\/2022-budget-is-not-a-propaganda-budget-majority-leader\/","title":{"rendered":"2022 Budget is not a propaganda budget \u2013 Majority Leader"},"content":{"rendered":"

Majority Leader, Osei Kyei-Mensah-Bonsu<\/a> says government\u2019s Budget 2022 dubbed \u2018Agyenkwa\u2019 cannot be reduced to a propaganda budget.<\/p>\n

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

\u201cThis nation must develop, Covid-19 or no Covid-19. This budget is set to give this country a new beginning.\u00a0 A watershed budget that will mark a new beginning \u2013 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.<\/p>\n

\u201cThe Minister has not shied away from admitting that indeed there are downsides to our development agenda. However, this budget is not a propaganda budget,\u201d he said.<\/p>\n

Whiles presenting Budget 2022, Mr Ken Ofori-Atta admitted that the incumbent government has not eliminated suffering in the country.<\/p>\n

<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><\/p>\n

However, \u201chave done more in terms of social interventions than any other government since 1992 and certainly more in this regard than the NDC governments.\u201d<\/p>\n

The Finance Minister assured of government\u2019s commitment to work towards mitigating the burdens imposed by the global impact of Covid-19 on Ghanaians as well as \u201ctackle the social ills of expenditure control, corruption, recurring leakages and low
\nproductivity.\u201d<\/p>\n

But Ranking Member on Parliament\u2019s 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.<\/p>\n

\u201cThe 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 \u20b525billion in one single year.<\/p>\n

\u201cThis 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.<\/p>\n

\u201cWe think this is not acceptable, and we will advise ourselves,\u201d he explained.<\/p>\n

According to him, the minority is bent on not approving the budget until the incumbent government accounts for President Akufo-Addo\u2019s recent foreign travels that have negatively impacted the public purse.<\/p>\n

Government introduces Electronic Transaction Levy<\/strong><\/p>\n

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.<\/p>\n

The Electronic Transaction Levy or E-Levy covers electronic transactions, including mobile money payments, bank transfers, merchant payments and inward remittances.<\/p>\n

1.75% to be charged will be borne by the sender except inward remittances, which will be borne by the recipient.<\/p>\n

According to the Finance Minister, to safeguard efforts being made to enhance financial inclusion and
\nprotect the vulnerable, \u201call transactions that add up to \u00a2100 or less per day (which is approximately \u00a23000 per month) will be exempted from this levy.\u201d<\/p>\n

The levy supposed to take effect next year January after Parliament approves the budget will be used to support
\nentrepreneurship, youth employment, cyber security, digital and road infrastructure among others.<\/p>\n

source: myjoyonline<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Majority Leader, Osei Kyei-Mensah-Bonsu says government\u2019s Budget 2022 dubbed \u2018Agyenkwa\u2019 cannot be reduced to a propaganda budget. 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