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The 2023 budget provides no hope for the youth – Minority

The National Democratic Congress (NDC) MPs claimed that the budget was worthless and provided no hope for the nation’s youth.

Dr. Cassiel Ato Baah Forson, the minority party’s spokesperson on finance, claimed that because there would be an employment freeze, the budget offered no hope for the youth in particular.

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Beyond that, he added, the disputed E-Levy headline rate’s decrease from 1.5% to 1% of the transaction value, along with the elimination of the daily threshold, meant that the exclusions that citizens previously received would be eliminated.

“This implies that Ghanaians would begin paying taxes on even the smallest amounts of money they send abroad, like GH10,” he stated.

“The budget provides no hope for the youth, traders and everybody because taxes will go up,” Dr Forson said.
He said for the minister to admit that there would be some form of debt restructuring following the negotiation with the International Monetary Fund (IMF) indicated that President Nana Addo Dankwa Akufo-Addo was not honest with Ghanaians when he said “there will be no haircut.”

“Treasury Bills are the only debt that will be excluded from the restructuring. This indicates that a haircut will be applied to all external loans, including Eurobonds “Added he.

He predicted that the budget for 2023 would be one of severe and extreme austerity.

As a result of the budget’s failure to include appendices with the real numbers for scrutiny, the spokesperson claimed that it was nothing more than simple grammar.

The Ghanaian economy is indeed critically ailing, and the dozes being offered will only cause our demise, he continued.

They said that the budget only caused the citizens intolerable misery.

 

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