Prime News Ghana

GUTA pleased with 2020 budget - President of Union to gov't

By Wendy Amarteifio
President of GUTA, Joseph Obeng
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The Ghana Union of Traders (GUTA) has indicated that it is very pleased with the government for including them in the 2020 budget presented by the Finance Minister, Ken Ofori Atta on November 13, 2019.

According to the union, the recent reading of the 2020 budget in Parliament highlighted certain policies that would go a long way to help traders in the country.

Speaking on Okay FM today , President of Ghana Union of Traders (GUTA), Joseph Obeng said : “The benchmark value that was maintained will take care of a lot of things so generally, we are very satisfied with this budget.”

Mr. Obeng also emphasised the need for the government to take care of the seeming banking crises which has made liquidity become a problem.

“It has reduced the purchasing power so people don’t patronise items. Government has to take note of this so that the investments they have made would benefit traders,” he added.

Mr. Ofori-Atta is seeking Parliament’s approval to spend nearly GHC86 billion on programmes and initiatives in 2020.

This amount is about 21% more of what the government is likely to spend for this year. The Minister did not introduce any new tax in his budget.

READ ALSO: 2020 budget: Gov't will not overspend in 2020 – Ken Ofori Atta assures Ghanaians

Meanwhile, the Minority has described the 2020 budget as an 'exit budget'.

The Minority said the 'uninspiring budget' deserves an exit and that Ghanaians are worse off under the Akufo-Addo government than the former Mahama administration.

However, Finance Minister Ken Ofori-Atta has maintained that 2019 was a good year for the Ghanaian economy.

READ ALSO: Here is the full 2020 budget and financial policy of Gov't