The Minority Leader, Dr. Cassiel Ato Forson, has expressed his opposition to any tax increases during the mid-year budget review in Ghana. He stated that the National Democratic Congress (NDC) MPs will block any attempts by the government to raise taxes and instead push for reductions in government expenditure.
Dr. Forson emphasized that there is significant room for expenditure cuts and that the government should prioritize reducing its spending rather than burdening the already struggling citizens. He highlighted the potential for substantial cuts in expenditures but criticized the government for what he perceives as their lack of discipline and concern for the people’s welfare.
Referring to the IMF’s request for additional measures equivalent to 1% of GDP, Dr. Forson expressed uncertainty about where the government plans to find the necessary resources. He argued that rather than resorting to tax measures or increases, he would opt for expenditure cuts if he were in charge.
The Finance Minister, Ken Ofori-Atta, is scheduled to present the 2023 mid-year budget review to Parliament on July 25. This review follows Ghana’s successful signing onto an IMF deal. Prior to the budget review, industry players have called on the government to seize the opportunity to remove certain taxes, including the tax on sanitary pads and others.
Source: citinewsroom