Ghana’s Parliament has approved the 2023 Budget and Economic Policy of the government.
There were low numbers on both the Majority and Minority sides while the debate went on but the Majority managed to get in enough members on their side to approve the budget statement Tuesday afternoon.
Debating on the floor of Parliament, Minority Leader, Haruna Iddrisu argued the group’s hesitance to move forward with the budget approval.
“Mr Speaker, ….our country is in deep crisis and President Akufo-Addo himself has accepted that the country is in crisis but what he failed to add was to take responsibility for leading the country into this economic crisis. The president must gather the courage and take full responsibility, ” Mr Idrissu argued.
Lamenting the hardship in the country as the economy takes a nosedive, Haruna Idrissu said the Minister of Finance has introduced about 23 tax measures and a 2.5% VAT rate increase to the detriment of Ghanaians and businesses.
“We the NDC minority group will fearlessly resist and fight the imposition of these additional taxes,” he said.
But the Majority Leader, Osei Kyei-Mensah-Bonsu, countered the argument, although admitting that the country is not in a good shape, he said that revenue that will be raised from the VAT will help revive the ailing economy.
“My colleague spoke about challenging the 2.5 % VAT rate. But as we all know, the economy is not in a good shape so the 2.5 % raised is primarily for road construction. If you do not want your road to be constructed, tell us,” he said.
After the debate, the Speaker of Parliament, Alban Bagbin put the question of the budget and economic policy statement presented by the Finance Minister on November 24.
The Speaker, Alban Bagbin, had to pose the question twice and concluded that the ‘ayes’ have it and declared the 2023 budget and Economic Policy Statement had thus been approved.