Parliament on Wednesday concluded the debate on the 2022 Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy of the Government.
Various speakers from both sides of the House gave divergent views on the merits and demerits of the Budget.
He said the passage of the Electronic Transfer (E-Levy) sent a bad message to investors and thereby, making them not readily available to invest.
He also cited that 40 per cent of the country’s wheat grain was imported from Ukraine but as a result of the Russia-Ukraine war, some factories in Ghana, which use wheat in their production process were shut down, therefore, making the sector’s profits dwindle.
“Mr Speaker, three weeks ago we visited Tema, Dzata Cement factory and while Mr Ibrahim Mahama, the brother of former President Mahama is to be applauded, we must be worried that his packaging for the cement comes from Ukraine and the war has retarded his work, which goes a long way to affect other earners,” he said.
He, however, praised the New Patriotic Party as the good managers of the economy.
The Daakye bond programme invests in Ghana’s future leaders through securitizing future government tax flows.
The Budget Statement was an abridged version of the Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy of the Government of Ghana for the 2022 Financial Year.
Speaking on the floor of Parliament at the end of the debate, Mr Ofori-Atta, thanked the Members of the House for their contributions during the debate.
The Minister said he would follow through to ensure that Ghana benefits from its ongoing engagement with the International Monetary Fund (IMF).