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A Financial Expert,who doubles as a Senior Lecturer at the University of Ghana, Dr. Lord Mensah has disclosed that the 2020 mid-year budget clearly shows the government is ready to deliver its promises despite covid-19 pandemic.

According to him,the government budget review presented this year to parliament from 2019 budget has seen no much differentiation but for the pandemic.

''There is no much difference in this mid-year budget but what the Finance Minister presented to parliament clearly shows that expenditure and revenue in last budget has been hard hit by the covid 19''

''But the government has shown its resilience to deliver their promises to Ghanaians despite the pandemic''

''The numbers clearly show ...expenditure and the revenue side of the budget show that the government is ready to do a budget that will reflect the bad side in this covid-19 era''.

He added that, although this covid-19 has become one of the biggest problems in the country he still believes in the ruling government to deliver to Ghanaians.

Government has announced an extension of the free electricity and water relief packages that ended in May,according to the Finance Minister Ken Ofori , in his mid-year budget presented to parliament yesterday.

The Government has also reduced talk tax from 9% to 5%.

Dr. Mensah indicated ''that all these sacrifices by the government in terms of 9% to 5% talk tax reduction, free water and electricity utilities will come at the expense of the revenue the government is supposed to generate''

He however indicated that all these relief interventions are in a way also targeted towards the social aspect or impact of the budget in these trying times ''job losses,unemployment, lockdown issues''

 SilverNEWS / SilverFM /Ghana

 

 

 

Last modified on Friday, 24 July 2020

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