Minority requests significant gov’t spending reductions to help the ailing economy

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The government’s pledge to reduce spending in the face of the present economic crisis does not appear to have satisfied the minority.

The NDC MPs think the ostensible steps indicated in the 2023 budget are insufficient to represent the government’s attempt to share the burden at this critical juncture.

On December 5, 2022, Minority Leader Haruna Iddrisu made these remarks during a news conference.

“It is the position of this Minority that we are demanding major expenditure cuts from this government to achieve fiscal consolidation,” he said.

Ken Ofori-Atta, the finance minister, outlined about 13 steps to reduce public spending on November 24.

He claims that these measures are orders from the Cabinet that would start to take effect in January 2023.

This follows several requests from various segments of the public for the government to reduce spending in order to save the economy.

The Minority, however, does not consider this to be very important.

Ghana’s economy is now struggling, which has raised living expenses and caused inflation to soar.

Additionally, Haruna Iddrisu advocated for a smaller government. The Minority Leader observed that the government’s absence of compelling ideas did not give reason to have faith in the Akufo-Addo-led administration.

Mr. Iddrisu claimed that the 2023 budget is rife with unnecessary levies, which is bad news for the populace.

The NDC MPs claim that the recently introduced Domestic Debt Exchange scheme, which was unveiled by the Finance Minister, Ken Ofori-Atta, won’t be the solution to the nation’s present economic problems.

The member is concerned about the budget statement’s prioritizing of the contentious National Cathedral notwithstanding the financial crisis.

Source: Ghanatodayonline.com

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