Parliament of Ghana has finally approved the budget for 2021

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The Parliament of Ghana has finally accepted Nana Akuffo Addo’s budget for 2021, according to iDO GH News. This came after an electoral process in which the Majority obtained 137 votes while the Minority received 134 of the votes cast on the day.

When the budget was read aloud, some citizens reacted negatively, citing the government’s implementation of the Covid-19 Health Levy, which included a one-percentage-point increase in the National Health Insurance Levy and a one-percentage-point increase in the VAT Flat Rate to support Covid-19 expenditures.

According to the government, these new taxes will “provide the requisite resources to address these challenges and fund these activities, the government is suggesting the introduction of a Covid-19 Health Levy of a one percentage point increase in the National Health Insurance Levy and a one percentage point increase in the VAT Flat Rate to support Covid-19 expenditures.”

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According to the government, the goal for 2021 is to consolidate the gains made while also rebuilding in order to transform Ghana’s fortunes.

Read More: COVID-19, as well as several other factors, are to blame for the huge debt stock -Osei Kyei-Mensah-Bonsu

Most Ghanaians are dissatisfied with the President’s decision to implement the COVID-19 Tax, which will require Ghanaians to pay for the “freebies” received as a result of COVID-19.

Nevertheless, Gabby Asare Otchere-Darko has mentioned that the government expects citizens who are not spectators to help share the burden caused by COVID-19

budget

“The government is not asking you to pay for the cost of Covid-19 last year,” he wrote in his post. No way! That cost resulted in a massive fiscal burden, which we do not want to repeat this year. This year’s task is twofold: defeating the virus and rebuilding the economy so that businesses can thrive, creating jobs and putting money in workers’ pockets.

The budget for 2021 does not ask you to pay for the costs of 2020. You are being asked to contribute to the existing Covid-19 costs, which include vaccines for over 20 million Ghanaians. Remember that the cost of reviving the economy through stimulus packages is an equally significant cost. When a government pretends that there is no cost to anything, this is referred to as deception.

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