The government would not burden Ghanaians with additional expenditure apart from the allocations made in the 2021 budget, Minister for Finance Ken Ofori-Atta has disclosed.
That means the government is spending within the 2021 appropriation without any supplementary budget.
He said, to that extent, the revised fiscal framework for 2021 was kept within the budgetary target of 9.5 per cent of Gross Domestic Product (GDP).
Mr Ofori-Atta disclosed this when he presented the 2021 Mid-Year Budget and Government Fiscal Policy at Parliament yesterday.
“Respectfully, Mr Speaker, let me repeat. I am not here today to ask for more money. I have not come to ask for more taxes. I have come to update the House on the performance of the economy for the first half of 2021,” he said.
He said the government would collect taxes due to the state only and not burden the people with additional taxes. For the rest of the year, the government intended to build a robust framework to expand domestic revenue mobilisation and not taxation.
On the elimination of the revenue leakage, he said the government had established Revenue Assurance and Compliance Enforcement (RACE) task force to identify and eliminate revenue leakages in areas such as petroleum bunkering, gold and minerals export, port operations, transit goods, warehousing, border controls and free zones operations.
Mr Ofori-Atta said the government transformation agenda was on course and called on Ghanaians to support government efforts to mitigate the impact of COVID-19 on the economy.
Eva Frempon-Ntiamoah, ISD