A ranking member of the Parliament’s Finance Committee, Dr. Cassiel Ato Forson, has claimed that a number of marriages have broken down and others are on the verge of doing so as a result of the current economic difficulties.
Mr. Forson noted that many marriages had failed because spouses couldn’t care for their homes.
Mr Akufo-Addo lamented the government’s lack of attempts to address the hurting economy and said that the high cost of living is taking a severe toll on the populace.
Debating the 2023 budget statement on the floor of Parliament on November 29, 2022, the Ranking Member on the Finance Committee of Parliament said, “Mr. Speaker, the mood out there on the streets is hopelessness, the situation out there calls for urgent action, but unfortunately, Mr. Speaker, we are not seeing that.”
“There’s a massive cost of living crisis. Mr. Speaker, it will surprise you to know that, marriages are collapsing because of this government. Marriages are collapsing because the cost of living is becoming so high due to where we find ourselves. Mr. Speaker, businesses are collapsing”.
With the increase in Value Added Tax (VAT), Dr. Forson made fun of the government for being insensitive to the plight of the typical Ghanaian, adding that the Minority would be scrutinizing the new tax.
“Mr. Speaker, this budget introduced 23 different tax measures, it’s from taxation to more taxes, as if you don’t care about the people of this country. If you want to introduce tax policy, you do proper analysis, taxes have galloped. They have increased the VAT by 2.5%, this VAT rate is the worst in Africa, no country in Africa has a VAT rate in excess of 20%. This policy rate must be thoroughly debated and scrutinised. This is not the time to heap more taxes on Ghanaians,” he asserted.
The VAT was raised by the government to 2.5% in the 2023 budget statement, but the E-levy was reduced from 1.5% to 1%.
Given the rising costs of gasoline, products, and services, the cedi now trades at Gh15 to $1.
As a result of the large number of MPs who were absent during the 2023 budget discussion, Parliament was essentially empty.
The Finance Minister, Ken Ofori-Atta, was unable to appear before Parliament, according to Speaker of the House Alban Bagbin, who said that Ofori-Atta was required to attend to official obligations.
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