Ofori-Atta's Measures To Mitigate Economic Hardships Lack Clarity – Minority

Ofori-Atta's Measures To Mitigate Economic Hardships Lack Clarity – Minority

  • The Minority has rejected the solutions proffered by the Finance Minister in his measures to mitigate the economic challenges
  • Minority Leader, Haruna Iddrisu said the measures were contradictory and lacked clarity and certainty
  • He said the entire measures were not impressive and were not consistent with the economic reality on the ground

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The Minority in Parliament has described Finance Minister Ken Ofori-Atta's measures to mitigate the economic hardships as unimpressive and lacking clarity.

At a press briefing shortly after the Finance Minister outlined his measures, Minority Leader, Haruna Iddrisu, said the solutions do not reflect the reality of the economic challenges Ghanaians were facing.

Haruna Iddrisu
Haruna Iddrisu is Minority Leader in the 8th Parliament. Source: UGC
Source: Getty Images

He told a packed press today, Thursday, March 24, 2021, that the solutions put forth by the Minister were not adequate.

"We need certainty and clarity," he said, before adding that the Minister failed to give concrete figures that put his austere strategy in perspective.

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"If you had an expenditure approval of GH¢145 billion, we expect that you tell us that 'I want to cut GH¢45 billion out of the GH¢145' and we know that this is your commitment," he stressed.

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He criticised the Minister for presenting using percentages excessively to detail his measures to save the struggling economy.

"It is only proper that whatever measures he intends to take will be brought before the august House for us to help him tighten and implement austerity measures to save an economy in dire straits," he stressed.

Minority’s Strong Opposition To E-Levy Bad For Investor Confidence – Ofori-Atta Laments

The Finance Minister, Ken Ofori-Atta, has cautioned against the strong opposition by the Minority Members in Parliament on the E-Levy, warning that it is bad for investor confidence in the economy.

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At a press briefing on Thursday, March 24, 2022, to outline the measures taken by the government to mitigate the current economic challenges, Mr Ofori-Atta said the Minority’s opposition was also affecting the government’s efforts to implement critical programmes.

The passage of the controversial E-Levy remains a major sticky point in Parliament as the Minority and Majority take a hardline on the tax proposal.

Ofori-Atta Outlines 12 Expenditure Cut Measures To Mitigate Economic Challenges

Finance Minister, Ken Ofori-Atta, has outlined a raft of measures to reduce government spending as part of a general plan to mitigate the economic challenges.

At a press briefing today, Thursday, March 24, 2022, to outline strategies approved at a recent cabinet retreat to save the economy, the Finance Minister said the government has resolved to cut spending by 10% aside from an earlier 20% cut.

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