The Member of Parliament for Bia East constituency Honourable Richard Acheampong has revealed that reality has caught up with the New Patriotic Party (NPP) as they have failed to deliver on their promises.
He disclosed this in an interview with Pink FM’s morning show host Kofi Asamoah Aning.
According to the MP, the finance minister Honourable Ken Ofori Atta during a power point presentation to the finance committee stated that he is also not receiving the revenue needed.
As such, it is either government would increase taxes or go for a loan which would be paid at the end of the month.
‘A loan of GHC 122 billion received by the government has increased to GHC 154 billion and still counting’, if the government pays all the outstanding balance at the end of the month, the amount left would be minimal for any developmental work.
It either government would decrease the expenditure or increase tax. He asserted.
The Parliamentarian indicated that they are hoping the finance minister would present a budget that would bring comfort to all Ghanaians.
Ghanaians are expecting to see an economy that is stable and conducive for producing goods and services.
The main budget of the government could not sustain the economy. Nothing new would come out within the next six month because their assumptions did not work.
There are still loopholes at the revenue authority since taxes received are not channelled into the coffers of government.
Mr Richard Acheampong expressed his concern that spare parts dealers at Abossey Okai are complaining of increased taxes which is affecting the importation of goods.
These are real challenges in the economy and the minister for finance should admit that he got it all wrong.
‘The Press conference the opposition held on the budget review a few days ago was to send a signal to the government that Ghanaians would not be pleased with the country’s financial state’
‘The performance of the economy is very bad’ under the National Democratic Congress (NDC) administration, non- performing loans was 17 .8 per cent in 2016, it is now 23 per cent.’
The Legislator indicated that some banks are collapsing and others merging because they are not doing well. The financial status of the citizens is low.
One district one factory, one village one dam and one constituency one million dollars as promised by the NPP during their campaign has not been delivered.
‘The government told lies to win the elections because they have not delivered what they promised.’ The MP stated.
The government was advised against the three per cent flat rate they introduced because it did not work under the Kuffour administration. Now people are paying between 27 and 30 per cent.
Story by Michael Nabary/Minnette Akuamaoh/pinkfmonliegh.com