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The 2024 budget is ‘absolutely useless’ – Ato Forson
The Minority Leader, Dr Cassiel Ato Forson has criticised the incumbent government for presenting what he describes as an “absolutely useless” budget for the 2024 financial year.
Speaking on JoyNews’ PM Express on Monday, Dr Forson noted that the ‘Nkunim’ [Victory] budget fails to address the pressing issues facing Ghanaians presently.
During the presentation of the 2024 Budget statement and economic policy in Parliament on Wednesday, November 15, Finance Minister, Ken Ofori-Atta was optimistic that the nation is gradually overcoming its economic challenges.
He said the government has established a robust foundation for the future prosperity of the Ghanaian economy.
However, Dr Forson maintains that the budget is empty and does not provide solutions to the economic crisis the populace is being forced to undergo.
“The 2024 budget is absolutely useless. It solves nothing. It is empty. What are the issues confronting Ghana today? High unemployment, high poverty rate, businesses collapsing, high lending rate, monetary policy hitting the roof, economic growth trying to do under 2 percent, high inflation.
“These are the issues confronting the people of Ghana and the budget must confront these issues,” he told the host, Evans Mensah.
Dr Forson further introduced the concept of “materiality,” emphasising the importance of assessing the strength and significance of the proposed measures in the budget to address specific challenges.
In his view, the budget appeared immaterial, lacking the necessary substance to effectively tackle the burdens faced by the citizens of Ghana.
One major point of contention for Dr Forson was the imposition of new taxes amounting to GH₵11 billion.
Given the current economic circumstances, he questioned the rationale behind burdening individuals and citizens with such a substantial financial demand.
Dr Forson emphasized the importance of a budget that prioritizes the well-being of the people and effectively addresses the critical issues confronting the nation.
The Finance Minister, Ken Ofori-Atta during his presentation of the 2024 budget statement in Parliament last week Wednesday announced some measures to cushion Ghanaians.
Some reliefs prioritized by the government include the extension of the zero rates of VAT on locally manufactured African prints, removal of taxes on locally produced sanitary pads and locally assembled vehicles, as well as waivers on import duties for electric vehicles and agricultural machinery.
To address environmental concerns, Mr Ofori-Atta also announced the government’s plan to expand the Environmental Excise Duty to cover plastic packaging, industrial emissions, and vehicle emissions.
Source: Myjoyonline.com
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
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Prophet Courage Heavens set to launch ‘Predestination’ book on March 23
Prophet Courage A. Heavens is set to launch the much-awaited book titled ‘Predestination’ on Sunday, March 23, 2025 at 5:00PM.
The launch, which is expected to impact lives, will take place at Crossgates Ministries, Flattop, off N1 Highway, opposite Angel Hauz.
The book is aimed at addressing the way people struggle to understand how free will and destiny align.
It is also aimed at providing clarity on God’s sovereignty and one’s place in His divine plan.
The various chapters of the book address various issues through scriptures and personal stories.
Committed to impacting society, part of the proceeds from the book will go into Courage Heavens Education Legacy (CHEL), an educational foundation transforming lives.
CHEL is dedicated to providing financial support and mentorship to brilliant but needy students, ensuring they have access to quality education and opportunities for a better future.
Prophet Courage Heavens is a prolific writer and previously authored Eli Eli Lama Sabachthani, a powerful book that encourages unwavering faith in times of trials.
In addition, he has written seven more prophetic and life-changing books that are yet to be published.
He is dedicated to raising the next generation for impactful ministry. As the leader of Crossgates Ministries, he nurtures believers in faith and purpose.
