The 2024 budget is empty and has not taken any cognisance of the economic reality of severe hardship, high cost of living and unstable general prices of goods and services in the country is unfortunate.
The expectation from Ghanaians was very high in addressing basic needs of the country the budget will take not of were missing. Issues of weak currency, high inflation and interest rates are likely going to affect the domestic businesses and the entire growth of the economy.
The National Democratic Congress (NDC) National Communication Team member Dela Edem disclosed this on Simpieso Political Show on Ahotor 92.3 FM hosted by Emmanuel Amartey (Alaska De Don) in Accra.
He is of the view that, the budget can best be describe as another empty budget hence going forward all the indicators the economy will snag on are all weak; the food inflation the country is going through at this time, where the government projections in the budget does not seeks to addressed key sectors to deal with the international and domestic deficit on the governments balance sheet.
Dela Edem said, currently all District Assemblies for the past 16 months have not received their statutory allocation of the common fund. And looking at the reality of the financial position of the country, he may not be far from the facts that, the 2024 budget is empty and is just like another campaign promises.
Hence forth the government must begin to address its settlement of deficits on all loans and bonds, the stability of the cedi else, is likely going to affect the entire economy which can leads to another cycle of high inflation the country is experiencing.
Speaking on the same platform the Regional Communication team member Kenneth Kabu Kofi Kanor said in the past seven years cycle the entire financial budget presented to parliament by New Patriotic Party (NPP) does not achieved any economic results.
In all the budgets presented to parliament is full of inconsistency and never addressed the needs of Ghanaians.
He said interest rates accrue on all our internal and international bond is likely going to throw the budget out of order.
Practically, delay in payments of these interests on this financial instruments going into the future the government will not be in position to address any major needs of the citizenry in the country.
Kenneth Kabu Kofi Kanor stated that, the NPP government has a high taste of borrowing and there is no confidence in the government and his team to solve any economic problems confronting the country.
Is just unfortunate to say the Nana Akufo-Addo and his Vice are just in power to steal and destroy this country.
AYM Kukah. E:mail: kukahalexander7@gmail.com
