Thursday, November 22, 2007

Bright Future Budget

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Last week the minister of Finance presented his 2008 budget to parliament amid the razzmataz taht this government has come to be associated with any ordinary event that they ussually consider as success. The budget, deceptively dubbed "A Brightre Future Budget" has anything but a bright for the suffering mases of Ghanaians.with the swagger of a confident thief this governmant is slowing crating a shiny veneer of success under whiich there is a rottne mess of mediocrity at best and failure at wosrt. The highlights of the budget reads like a hanging noose for ghanaians to commit siucide with. One of the pillars of the Brightre Future Budget is the impending imposition of an xcise tax on mobile talk time . In a country where thtre are no fixed-lines this is a misplaced attempt to milk the only fat cow inthe stable.It will affect businesses to a large extent in thier cost of communication. There is also a proposal to sell some state oned enterprises including profitable ones.Policy on Agriculture is the same old terse paragraph that recognises the importance of th sector to the longterm viability of our economy but without any substance as hw to fix the crunching problems. This , inpite of the fact that we are facing a deteriorating food security situation over the next few months as a rsult of the global situation and the flood the food bank of the country (Northern and upper regions). Thre was no major poicy announcement on indutrialisation and trde policy. The only highlight that has any semblance of 'brightness' is the setting up of a Northern Ghana Development Fund.

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