Post-budget workshop helps MPs question budget status

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Osei Kyei-Mensah-Bonsu

Majority leader Osei Kyei-Mensah-Bonsu said the post-budget workshop aimed to help members question critical issues when reviewing budget estimates and exercise a monitoring role effective.

He said it was also designed to provide MPs with an overview of the budget to enable them to debate and make meaningful contributions to the House.

He said that as a representative of the people, they should carefully examine the budget to determine how well it addresses the country’s development issues, particular issues related to poverty eradication, gender, children and vulnerability issues, employment, social issues, infrastructure issues. and the security of the nation.

He made the observation during a post-budget workshop for MPs (MPs) on the 2022 budget statement and government economic policy in Ho in the Volta region.

Minority leader Haruna Iddrisu, however, has notified the government that the minority group in parliament will not support the introduction of the direct debit policy proposed in the 2022 budget report.

He said the proposed tax had a chilling effect on the growth of the digital economy, investment and private sector development in the country.

“Mr. President, our concern is whether the electronic tax itself is not and will not be a brake on the growth of the digital economy in our country. We are convinced that e-direct debit can also be a brake on investment and a brake on the development of the private sector in our country.

“Mr. President, we, in the minority, cannot and will not support the government with the introduction of this particular electronic tax. We are unable to reach a national consensus on this particular issue. “

The workshop aims to equip members with the skills to scrutinize the 2022 budget report and the government’s economic policy and adopt the 2021 finance law.

The platform has also created an opportunity for members to share knowledge and experiences and understand the political foundations of government in finance and economic planning for the year 2022.

Mr. Iddrisu added that the Minister of Finance, in his efforts to restore the economy, has sought to introduce certain measures, including; the controversial e-levy or digital direct debit.

He said the proposed e-tax would be dangerous for the Ghanaian economy, as many people would revert to the cash payment system and reverse the trend towards the paperless system, which he said was their motivating factor to not not support the introduction of the tax.

“To paraphrase the vice president, why tax the ordinary poor… since when are the poor above the ordinary so that the MoMo and the banks are taxed and even the projection of 1.75% e- levy could as well reach 3.75%, ”he added.

Finance Minister Ken Ofori-Atta in his commentary highlighted some of the positive fiscal and macroeconomic indicators, which he said indicated a good economic trajectory.

He said the 2022 budget statement focused on the post COVID-19 stimulus package, revitalizing and transforming the economy while ensuring fiscal and debt sustainability to promote macroeconomic stability for the recovery process. and the growth of the economy.

The proposed electronic direct debit is expected to begin on January 1, 2022, if approved by Parliament.

In 2020, the total value of transactions was estimated to be over GH ¢ 500 million, with the number of mobile money subscribers and users increasing by 16% in 2019.

According to a report by the Bank of Ghana, Ghana saw an increase of more than 120% in the value of digital transactions between February 2020 and February 2021, compared to 44% for the period from February 2019 to February 2020 due to convenience. that they offer.

Source: GNA

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Dorothy H. Lewis