The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has indicated the National Democratic Congress (NDC) is the only hope for Ghanaians to bring the economy back to life.
According to him, Ghanaians have lost hope in the governance of the country as a result of the continuous mismanagement of the economy by the Akufo-Addo administration, through excess taxes and unreasonable borrowing.
Speaking to Kwadwo Jantuah on Nhyira FM’s KuroYiMuNsem Show, he reiterated the need for a change of government to restore the hopes of Ghanaians.
“Ghanaians are fed up with the gross incompetence and mismanagement of the country. It is time we give power to the NDC to restore that trust and confidence. We are the only party that can correct the mess of this administration and restore the hopes of Ghanaians. This government has borrowed a lot to the tune of Gh¢999 billion with nothing to show. These loans are left for the next government to pay,” Dr. Ato Forson stated.
He attributed the current hardships in the country to the high inflation, high interest rate, and high unemployment rate resulting from the economic mismanagement by the current administration.
He referred to recent data from the Ghana Statistical Service (GSS) revealing over 25% of Ghanaians who have gone through a day without food.
“Ghana has a high misery index of about 47%, which means that a lot of Ghanaians are living in poverty. In fact, the Ghana Statistical Service (GSS) in their current report said over 25% of Ghanaians went a day without food to eat. This is serious and tells you the extent of mismanagement under this government,” said the minority leader.
Dr. Ato Forson revealed that Ghana has the highest VAT in Africa at 21.9% and a reason, businessmen are not complying.
He promised the NDC government will reduce VAT to less than 20% and remove the COVID Levy in their first budget.
“One of the grossly incompetent economic management decisions of this NPP government is revealed by the introduction of sales tax and VAT together. This government has decoupled several taxes like the NHIL and GETFund which has resulted in a cascading effect. The NDC will recoup these taxes to stop the cascading effect. We will remove the COVID Levy and other unreasonable taxes placed on Ghanaians,” he said.