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Finance Minister Storms Parliament....Presents 2019 Mid-Year Budget Review!   
 
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29-Jul-2019  
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Ken Ofori-Atta
 
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Finance Minister, Ken Ofori-Atta, is scheduled to present the 2019 Mid-Year Budget Review this morning in Parliament.

Peacefmonline.com is reliably informed that the Finance Minister will seek Parliament’s approval to spend more the approved GH¢78 billion during his presentation. 

The presentation of the mid-year budget review is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921).

Information Minister, who briefed the media earlier on said the review would among other things look at revenue mobilization to undertake government’s infrastructural projects.

But ahead of the presentation, some Ghanaians including the Minority in Parliament have urged government to scrap the luxury vehicle tax and to introduce policies to cushion Ghanaians from economic hardships.

Minority Spokesperson on Finance, Cassiel Ato Forson in a post on Facebook said: “my colleagues and I on our side in Parliament will do all we can to oppose these unfair increases and I call on you the good people of this country to reject these unfair, draconian increases in taxes.”

Meanwhile, the Chamber of Petroleum Consumers (COPEC) says that it will fiercely resist any attempt by the government to increase fuel taxes in the 2019 Mid-year Budget.

Their stance is premised on speculations that among the key components of the mid-year budget review will be an increment in taxes on petroleum products.

Executive Secretary for COPEC, Duncan Amoah argued that the general cost of living in the country has increased as a result of high fuel prices, thus an increment in the taxes will only worsen the plight of Ghanaians.

More soon....
 
 
Source: Peacefmonline.com/GHANA
 
 

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