Any draconian policies in 2023 budget will be resisted – Minority

The Minority in Parliament has said it will resist any policy in the 2023 budget it feels are “draconian”.

In a statement, it reiterated the need for “drastic cuts in non-essential Government expenditures and more prudent use of scarce national resources.”

“We have also demanded greater transparency and accountability in public financial management,” the statement added.

The Minority said it expects its proposals to “find expression in the budget and signal a change in course by the failed Akufo-Addo/Bawumia Government.”

“…we will resist any effort to impose additional hardships on Ghanaians through draconian and deleterious fiscal policies in the Budget,” the Minority Leader said in a statement ahead of the presentation of the Budget.

“We wish to assure the Ghanaian people that we stand with them in these difficult times, and we will not relent in our efforts to hold the managers of the economy to account,” the statement added.

The Minority also allayed fears that it could boycott the budget because of protests against the Finance Minister, Ken Ofori-Atta.

Both sides of the Parliament have called for the Finance Minister to be removed amid Ghana’s economic crisis.

The budget comes as the government tries to secure a deal from the International Monetary Fund (IMF) for economic support.

Meanwhile, the NDC minority caucus said it will be in Parliament on Thursday, 24th November 2022 for the presentation of the 2023 Budget to save the ailing economy.

“Our presence will be without prejudice to the ongoing Committee hearing on the Motion of Censure brought against the Finance Minister, who we hold responsible, together with other Government Appointees for the collapse of the Ghanaian economy and the attendant hardships.

“While we remain committed to seeing through the process to censure of the Finance Minister, we are mindful of our duty to carry out oversight on the Executive and preserve the interest of the Ghanaian people whose livelihoods the Akulo-Addo/Bawumia administration has severely undermined through mismanagement of the economy.”

The Finance Ministry has said the 2023 Budget will focus on Government’s strategies to restore and stabilize the macroeconomy, build resilience, and promote inclusive growth and value creation.

The ministry also said it will feature updates on Ghana’s engagement with the IMF for an IMF-supported Programme; year-to-date macro-fiscal performance of the economy; the YouStart initiative under the Ghana CARES Programme; climate action strategies; fiscal measures and debt management strategies to ensure fiscal and debt sustainability and promote growth.

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