- Government has given an assurance that it will complete all abandoned projects in the country
- This is part of government’s efforts to end the practice where government projects are abandoned by previous governments
- Kyei-Mensah-Bonsu said the practice is also a major worry to all citizens in the country
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There has always been an issue with successive governments not completing the projects started by their predecessors.
Ghanaians have always had an issue with this practice since they believe it is a waste of money and public funds.
Government has however, given an assurance that it will complete all abandoned and uncompleted public funded projects in the country.
According to Kyei-Mensah-Bonsu, this is part of government’s efforts to end the practice where government projects started by different administrations are abandoned by their successive administrations.
Presenting the 2021 budget in Parliament, the Majority Leader, Osei Kyei-Mensah Bonsu, said the Akufo-Addo-led government is determined to end the practice of one government abandoning projects started by their predecessors because the practice is not only wrong, it is also a major worry to all citizens in the country.
Meanwhile, Kyei-Mensah-Bonsu has announced that government would suspend the vehicle income tax for commercial vehicles.
He explained that the suspension would take effect from the second and third quaters of 2021.
This according to him, is part of measures to reduce the cost of transportation for all commercial transport users.
The tax exemptions are to cushion the sector against the economic effects of the COVID-19 global pandemic.
Still in Parliament, Osei Kyei said Ghana’s total public debt increased from GHc 122billion to GHc 291.6billion as of the end of December 2020.
Mensa-Bonsu who is the country’s caretaker Finance Minister disclosed this on Friday, March 12, 2021, while presenting the Akufo-Addo administration’s 2021 budget statement to parliament.
He attributed the ballooning public debt stock to the current coronavirus pandemic, the banking sector cleanup exercise among others.
According to him, the fiscal impact of the coronavirus pandemic on the Ghanaian economy was Ghs19.7 billion, that of the financial sector clean-up was Ghs21billion with the cost of excess capacity charges to IPPs standing at Ghs12billion.
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