The member of parliament for Nhyiaeso constituency, Honorable Stephen Amoah has once again reacted to the economic crisis being faced by Ghanaians.
Speaking on the issue of Inflation and other economic hardships on Joy News this morning, Dr. Stephen Amoah clearly revealed that the problems being faced by the country didn’t start start today. He added that these problems are over forty years. He added that the tax income in the country is very low as compared to other economies. He added that the government is working really hard to restore the economy back on track but Ghanaians should know that the problems didn’t really start today.
He added that the government is now checking its current spending so that a lot of income would be generated for the development of the country.
“If you tell me, yes it is on the government. And I don’t think the government is sleeping. The fact is if you have forty year old problems and we sit there and our population size have grown from about 5 million to about 31 million. If you have a situation where just close to 7% of workers pay taxes, then we are having negative effective tax rate. The problems have been compounded for years. Government has basic issues to check such as current spending as a government” he said.
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