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December 16, 2018
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2019 Budget will bring Ghana Beyond hell – Minority

The Minority caucus in Parliament has predicted that Ghanaians would experience nothing than hell in 2019, when the budgets is read on Thursday November 15.

According to the Minority, the budget to be presented to parliament by the Minister for Finance would bring nothing new but to compound the already hardships being experienced with more taxes, borrowing and bad policies.

The Finance Minister, Ken Ofori Atta is expected to present the 2019 budget to parliament on Thursday.

The presentation of the budget statement is in accordance with Article 179 of the 1992 Constitution.

Article 179 (1) stipulates that: “The President shall cause to be prepared and laid before Parliament at least one month before the end of the financial year, estimates of the revenues and expenditures of the Government of Ghana for the following financial year

But the Minority spokesperson on finance, Hon Casiel Ato Forson told Civil Society Organizations and the Media at a pre-budget round table discussion Tuesday Morning that, the impending budget was hopeless and would burden the already overburdened Ghanaian.

“Our analysis show that Ghanaians are in for a tough time in the year 2019. There is no indication that there will be a change in government’s policy direction, we therefore cannot agree with his Excellency the president on the claim of hope in the 2019 budget.

“Ghanaians should expect the following, we expect new taxes to deal with the financial sector mess they have created with their populist policies…we expect the prevailing hardship to persist and may even get worse.

“The worsening unemployment situation will continue, more debts accumulation…an upsurge in government expenditure and populists policies and we expect the issuance of a century bond which is over and above the absorption capacity of the economy,” Ato Forson said at the roundtable discussion.”

He stated that, in 2017, the NPP government presented what they named “Asempa” which means good news budget, but turned out to be Asembone, bad news budget, while in 2018 the government presented “Adwuma”(employment) budget but Ghanaians are witnessing high unemployment, no jobs, layoff and unprecedented hardship.”
This, he grounded that, Ghanaians should not expect anything good from the government of Nana Akufo Addo, as worse days are yet to come.

www.therepublicnewsonline.com/Felix Nyaaba

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