Member of Parliament for the Bolgatanga Central Constituency, Hon. Isaac Adongo has said that Ghanaians are tired of listening to budgetary statements that offer them nothing but sweet promises.
Speaking to the media after the Finance Minister, Hon. Ken Ofori-Atta presented government’s budget statement for the first half of 2019, the Member of the Finance Committee in Parliament described the Statement as one of a sermon.
In his view, the content of the 2019 Budget does not inspire hope and cannot assure Ghanaians of a stronger economy.
Hon. Isaac Adongo, who described the Statement as a “budget of a sermon” criticized it for “spending only 8.4billion on infrastructure.
“This is a budget of a sermon. Clearly you could hear that we were more in a church than listening to a budget. Basically nothing in the budget.” Hon. Adongo noted
“If you have a budget that tells you we’re going to invest in infrastructure and if you look at the financing of our infrastructure in this budget, almost 6 billion of our monies that we’ll be borrowing is basically going into consumption. So government is borrowing about 14.6 billion and spending only 8.4billion on infrastructure” he added.
The Bolgatanga Central MP further added that Ghanaians were tired of “PR budgets that look so sweet on the floor [of Parliament] but delivers nothing”
“…an economy that is retrogressing, we are being told in very sound high English that it is growing. Ghanaians are now fed up with these PR budgets. Budgets that look so sweet on the floor but when you begin to dissect it and you take away all the English and take away all the propaganda and you look at the real facts, it delivers nothing” Hon. Adongo said.
Earlier today, the Finance Minister, Hon. Ken Ofori-Atta presented before Parliament the 2019 budget statement and financial policy of the government.
The Budget, themed; “A Stronger Economy for Jobs and Prosperity” highlighted key achievements of the Akufo-Addo administration in the past year albeit a few setbacks.