Read Time: 6 minutes
The National Youth Organizer of the Conventions Peoples Party (CPP), Osei Kofi Acquah has punched deep holes into the 2024 budget statement presented by the Finance Minister Ken Ofori-Atta saying that the budget didn’t address economic bankruptcy and excruciating hardships in the country under President Nana Addo Dankwa Akufo-Addo led government.
According to him Ghanaians are paying a lot of taxes including Covid levy meanwhile the covid is no more so he doesn’t understand why ministry is going to embark on aggressive revenue mobilization.
“The question we the CPP should ask them is that, haven’t we the Ghanaian taxe payer already paid taxes and enhance Revenue mobilization through the payment of the Covid Levy even though we don’t have Covid?”
“The road under construction in your region, town, area or hometown will not be fixed any moment soon because government doesn’t have money.
This means local contractors, local suppliers, labourers and many others who makes up and Enchance the domestic economy (Local economy) are going to be “liquidly trapped”
Which is going to make life unbearable for the ordinary Ghanaian” he added in his statement.
Speaking on the tax waiver for electric Cars and electric car parts.
“This well calculated “Mischief” is a smack on the face of Ghanains and begs a question to Mr Ofori Atta.
First of all, CPP members like myself want to know how many of the State vehicles at the Presidency are electric vehicles?” he added.
Read the full post below:
THE HOLES IN THE 2024 BUDGET, FROM AN NKRUMAIST PERSPECTIVE, OSEI KOFI ACQUAH THE NATIONAL YOUTH ORGANIZER WRITES
The 2024 budget is nothing but an Imperialist directed budget
Ken Ofori Atta the Finance minister begins to read the budget by admiting that the 2024 budget was prepared by following the IMF backed which I believe he wanted to say Instructed directive called the PC-PEG.
Now on May 17 2023 the IMF through a Staff agreement with Ghana’s ministry of Finance staff, to grant Ghana an Extended credit Facility (E.C.F) with with the condition that Ghana accepts a program they the IMF have design which they call PC-PEG
This PC-PEG simply means Post Covid Program for Economic Growth.
Now looking at this design program for a lame man’s point of view may decieve you to think that, this is a good program for Ghana, but it is not.
The two-key leg of the PC-PEG are to supposedly Enhanced revenue and streamlined expenditure
Now let’s break them down.
To enchance Revenue means to find means to collect more revenues from you and I who are already burdened with taxes.
So, in his statement the finance minister stressed this by say that the finance ministry is going to embark on aggressive Revenue mobilization.
The question we the CPP should ask them is that, haven’t we the Ghanaian taxe payer already paid taxes and enchance Revenue mobilization through the payment of the Covid Levy even though we don’t have Covid?
What about the universal payment of Sanitation even though we still make payments to the Garbage collecting companies
Did we not accept to pay the E-Levy they imposed on us?
Did we not yield in to the adjustment of VAT from 12.5% to 15.0%.?
So, what happened to all the Revenue that were mobilized from the afforementioned? Why does this government want to burden we the tax payer the more?
To Streamlined Expenditure, the IMF is monitoring the expenditure of the government of Ghana, to synchronize what they deem urgent, important and necessary.
This means that the IMF will determine which project being sponsored by government gets disbursement at what giving time.
This manifested itself the 2024 budget when Ken Ofori Atta said that the government of Ghana is going to Rationalize its Expenditure
This is why most contractors working on our roads have abandon site.
The road under construction in your region, town, area or hometown will not be fixed any moment soon because government doesn’t have money.
This means local contractors, local suppliers, labourers and many others who makes up and Enchance the domestic economy (Local economy) are going to be “liquidly trapped”
Which is going to make life unbearable for the ordinary Ghanaian.
A LOOK AT SOME KEY SECTORS OF THE ECONOMY AND THEIR PERFORMANCE IN 2023.
Agriculture grew by 6.3% Industry grew by -2.2 and Services also by 6.3%.
Now this vindicate the CPP and many Nkrumaist like myself who argued that investment in Agriculture is good business and so government as part of it’s own Flagship program Planting For Supposed Food Jobs and Rearing for Food and Jobs which reconsider the CPP’S policy of State Farming and target the foreign market?
Now Let’s break it down.
State Farming is the situation where government goes into large scale farming on behalf of the people of Ghana to feed and make money for the people of Ghana.
In 2016, the flagbeaerer for the Convention Peoples Party Comrade Ivor Kobina GreenStreet Esq told Ghanaians that all our Natural resources like Gold, oil, Cocoa etc have all been mortgage, and so there is the need for government to think outside the box by exploring avenues to generate revenue to cushion our economy.
Lawyer Ivor Kobina Greenstreet Esq therefore proposed the farming of Almond in large scale state sponsored farming.
Many laughed without asking him to share his research with them.
The States of California in the United States of America alone through its farmers raked in $3.9 billion in revenue from Almond fruit between 211 and 2012.
Is it not the same $3billion dollars facility we are begging from the IMF, which has led to never ending Debt Restructuring, which has results in all forms of “Haircuts” and untold hardship on Ghanaians?
We the CPP still believe State Farming Almond, Rubber, Teak tress among others will not only create jobs outside the chocked job basket but also earn us enough Forex to pay our debts, shore up our International Reserves and build our Consolidated funds kitty
The Growth of -2.2 in our Industrial Sector which is an embarrassment on us as Ghanaians and exposes us of still running A Guggisberg Economy
This also begs these questions from the CPP to Government.
First where are our one District, One Factory? What are they producing? How much Revenue is being generated? What is the contribution of the Realizes Revenue to the GDP of our Economy?
Again, when government decided to lobby external investors to open businesses in Ghana, how did they supported the local investor who is a competitive?
For example, how much was giving to Katanka automobile when other automobile companies or investors who already have billions as Capital were being invited to compete with them in the same market?
Again, why were most of the factories which produced On-Demand goods and Still-on-Demand goods built by CPP government not considered and made part of the One District One Factory?
The Service industry also did 6.3% in Revenue Generation in 2023,
Portraying that the Ghanaian tax payer did their best to give what is due government.
The CPP believes that there are thousands of able bodies in our Youthful population as a country who are willing to work to boost our economic growth in the Service sector.
THE ATTEMPT TO OUTSMART GHANAIANS
Hon Ken Ofori Atta mention a Tax waiver for electric Cars and electric car parts.
This well calculated “Mischief” is a smack on the face of Ghanaians and begs a question to Mr Ofori Atta.
First of all, CPP members like myself want to know how many of the State vehicles at the Presidency are electric vehicles?
Again, how many of the vehicles in the Ministries including the ministry of Finance and the District assemblies in the country are electric vehicles?
Again, we members of the CPP want to know how many of the State Commercial vehicles from STC to Metro Mass vehicles uses electricity.
Again, members of the CPP like myself want to know if Mr Ken Ofori Atta found out from the GPRTU – TUC how many of their vehicles are using electricity?
How about the Commercial Transport Owners Association?
This deceit of a tax waiver will not bring any Ghanaian financial relieve.
Again, the Akuffo Addo Led government which promised to reduce inflation when voted into power took inflation from 17.15 % to over 50%, and when due to lack of liquidity in the system dropped to 31.26% brags of reducing the inflation further to 15%
We want to know how government intends to do that, especially now that the state is not manufacturing anything.
Again, the government and a large extension the finance minister should be reminded that, they have lost their Regulatory power!
The 2024 Budget is nothing But an Imperialist Backed Crucifixion of the Ghanaian Budget
Source: Ghanatodayonline.com
Good post! We will be linking to this particularly great post on our site. Keep up the great writing
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
There is definately a lot to find out about this subject. I like all the points you made
I like the efforts you have put in this, regards for all the great content.
What i don’t understood is in fact how you’re no longer actually a lot more neatly-preferred than you might be right now. You’re so intelligent. You understand therefore significantly on the subject of this subject, made me in my view believe it from a lot of varied angles. Its like men and women aren’t involved until it is something to do with Girl gaga! Your own stuffs great. All the time care for it up!
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!
To the theinsightnewsonline.com owner, Thanks for the well-researched and well-written post!
Your style is so unique compared to many other people. Thank you for publishing when you have the opportunity,Guess I will just make this bookmarked.2
I have been exploring for a bit for any high-quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this web site. Reading this information So i am happy to convey that I’ve an incredibly good uncanny feeling I discovered exactly what I needed. I most certainly will make certain to do not forget this web site and give it a look regularly.
you’re actually a good webmaster. The website loading velocity is amazing. It kind of feels that you are doing any unique trick. In addition, The contents are masterpiece. you’ve performed a magnificent activity in this matter!
Of course, what a fantastic site and educative posts, I will bookmark your blog.Have an awsome day!
I think this internet site has some rattling good information for everyone. “It is easy enough to define what the Commonwealth is not. Indeed this is quite a popular pastime.” by Elizabeth II.
I was wondering if you ever thought of changing the structure of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better?
I’m really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Either way keep up the nice quality writing, it is rare to see a nice blog like this one today..
Lottery Defeater Software? Lottery Defeater is a software application created to help people win lotteries
Some genuinely fantastic posts on this site, thanks for contribution.
There are definitely numerous particulars like that to take into consideration. That could be a great level to convey up. I offer the thoughts above as normal inspiration but clearly there are questions like the one you deliver up where the most important thing shall be working in sincere good faith. I don?t know if finest practices have emerged around issues like that, but I am certain that your job is clearly recognized as a fair game. Both girls and boys feel the influence of only a moment’s pleasure, for the rest of their lives.
Just wanna input on few general things, The website design and style is perfect, the subject matter is rattling superb. “If a man does his best, what else is there” by George Smith Patton, Jr..
Once I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a remark is added I get four emails with the identical comment. Is there any approach you may take away me from that service? Thanks!
To the theinsightnewsonline.com administrator, You always provide valuable feedback and suggestions.
What Is Potent Stream? Potent Stream is a male health formula that helps to maintain healthy urinary and prostate health by killing off all the toxins in the body
You have brought up a very excellent points, thanks for the post.
I saw a lot of website but I conceive this one contains something special in it in it
Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently quickly.
Appreciating the time and effort you put into your site and in depth information you present. It’s good to come across a blog every once in a while that isn’t the same outdated rehashed information. Great read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.
To the theinsightnewsonline.com owner, Your posts are always informative and well-explained.
hello!,I like your writing so much! proportion we communicate more approximately your article on AOL? I need an expert in this space to unravel my problem. May be that is you! Having a look ahead to peer you.
Dear theinsightnewsonline.com admin, Great post!
Dear theinsightnewsonline.com admin, Good to see your posts!
FitSpresso is a natural weight loss supplement crafted from organic ingredients, offering a safe and side effect-free solution for reducing body weight.
I’ve been exploring for a bit for any high-quality articles or weblog posts in this kind of house . Exploring in Yahoo I eventually stumbled upon this web site. Reading this info So i am happy to express that I have a very just right uncanny feeling I found out exactly what I needed. I such a lot undoubtedly will make sure to don’t forget this web site and give it a glance on a constant basis.
Hello there, You’ve done an incredible job. I will definitely digg it and personally suggest to my friends. I’m confident they’ll be benefited from this website.
obviously like your web-site but you need to check the spelling on quite a few of your posts. Several of them are rife with spelling problems and I find it very troublesome to tell the truth nevertheless I’ll surely come back again.
What¦s Going down i’m new to this, I stumbled upon this I have discovered It absolutely helpful and it has helped me out loads. I hope to contribute & assist different customers like its aided me. Great job.
Right now it sounds like Drupal is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Hello there, just became aware of your blog through Google, and found that it is really informative. I’m gonna watch out for brussels. I will appreciate if you continue this in future. Lots of people will be benefited from your writing. Cheers!
Hello there! Do you use Twitter? I’d like to follow you if that would be okay. I’m absolutely enjoying your blog and look forward to new updates.
I’ve been surfing on-line more than 3 hours these days, but I never discovered any fascinating article like yours. It is pretty price sufficient for me. Personally, if all web owners and bloggers made just right content as you probably did, the internet will likely be much more useful than ever before.
After study just a few of the blog posts on your website now, and I actually like your manner of blogging. I bookmarked it to my bookmark web site list and can be checking back soon. Pls take a look at my web page as properly and let me know what you think.
I always was concerned in this topic and stock still am, appreciate it for putting up.
I am very happy to read this. This is the kind of manual that needs to be given and not the random misinformation that’s at the other blogs. Appreciate your sharing this greatest doc.
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.
This web page is really a stroll-by way of for all the information you wanted about this and didn’t know who to ask. Glimpse right here, and also you’ll definitely discover it.
Dear theinsightnewsonline.com webmaster, You always provide great examples and real-world applications.
What does the Lottery Defeater Software offer? The Lottery Defeater Software is a unique predictive tool crafted to empower individuals seeking to boost their chances of winning the lottery.
Some truly terrific work on behalf of the owner of this internet site, dead outstanding content material.
It is truly a nice and useful piece of info. I am happy that you simply shared this useful info with us. Please stay us informed like this. Thanks for sharing.
I am not very great with English but I find this really leisurely to read .
I’m still learning from you, but I’m trying to reach my goals. I certainly love reading everything that is written on your blog.Keep the information coming. I enjoyed it!
whoah this blog is wonderful i really like studying your posts. Stay up the good work! You already know, lots of people are looking around for this information, you can help them greatly.
What Is LeanBiome? LeanBiome is a natural dietary supplement that promotes healthy weight loss.
I’ve read several good stuff here. Definitely value bookmarking for revisiting. I surprise how a lot effort you place to create such a fantastic informative website.
Hello! Would you mind if I share your blog with my facebook group? There’s a lot of people that I think would really appreciate your content. Please let me know. Cheers
ProNerve 6 nerve relief formula stands out due to its advanced formula combining natural ingredients that have been specifically put together for the exceptional health advantages it offers.
Hi there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no data backup. Do you have any methods to prevent hackers?
I do not even know how I ended up here, however I believed this post was once great. I don’t understand who you are but certainly you’re going to a famous blogger should you aren’t already 😉 Cheers!
Some genuinely fantastic info , Gladiolus I observed this.
I am really impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it is rare to see a great blog like this one today..
Thanks for sharing excellent informations. Your website is so cool. I am impressed by the details that you’ve on this web site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my friend, ROCK! I found just the info I already searched all over the place and simply could not come across. What a perfect web site.
My brother recommended I might like this web site. He was totally right. This post actually made my day. You cann’t imagine simply how much time I had spent for this information! Thanks!
It’s really a cool and useful piece of information. I’m glad that you shared this useful info with us. Please keep us informed like this. Thanks for sharing.
You really make it seem really easy along with your presentation but I find this matter to be actually something which I think I’d by no means understand. It seems too complicated and very extensive for me. I am having a look ahead for your subsequent publish, I¦ll attempt to get the dangle of it!
I like this website because so much utile material on here : D.
Thanks for this post, I am a big fan of this internet site would like to continue updated.
Hi! Do you use Twitter? I’d like to follow you if that would be okay. I’m definitely enjoying your blog and look forward to new updates.
I wanted to write you this very little remark to help give thanks again with your wonderful opinions you’ve documented in this article. It’s so open-handed of you to allow unreservedly all that numerous people would’ve supplied as an e book to get some cash on their own, primarily given that you could have done it in case you desired. The suggestions additionally served to become fantastic way to realize that other people have a similar desire like mine to know the truth significantly more with respect to this problem. Certainly there are some more fun situations ahead for people who looked at your blog.
Great post. I am facing a couple of these problems.
Spot on with this write-up, I really think this website wants way more consideration. I’ll in all probability be once more to read way more, thanks for that info.
Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a little bit, but instead of that, this is excellent blog. An excellent read. I’ll definitely be back.
Whats Happening i am new to this, I stumbled upon this I’ve found It absolutely helpful and it has aided me out loads. I’m hoping to contribute & assist other customers like its helped me. Good job.
I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to design my own blog and would like to find out where u got this from. thanks