Today in History: Ofori-Atta labels 2022 budget as Agyenkwa Budget

The 2022 budget was named "Agyenkwa Budget," which means Saviour in the Akan adage.

"Mr. Speaker, I present to you the Agyenkwa Budget," Ken Ofori-Atta said to conclude his presentation in parliament.

Some key things in the 2022 budget are the introduction of a 1.75% tax on e-transactions; Mobile Money, and bank transfers; the scrapping of road tolls, and the setting aside of GHC 1 billion to support young entrepreneurs.

Read the full story originally published on November 17, 2021, by GhanaWeb

Last year's budget was named Obaatanpa

This year it was labelled Agyenkwa

Ken Ofori-Atta made the disclosure in parliament during the budget reading

Finance Minister Ken Ofori-Atta has described the 2022 budget presented before parliament as Agyenkwa, to wit, saviour.

Last year's budget was called Obaatanpa.

Though not much detail was given about the name, it projects that the 2022 budget does not add up to the hardships of Ghanaians.

While speaking on the floor of parliament on Wednesday, November 17, 2021, Ofori-Atta pointed out that the burdens of Ghanaians have been reduced since the governing New Patriotic Party (NPP) took over from former president John Dramani Mahama.

"Mr. Speaker, I present to you the Agyenkwa Budget," Ken Ofori-Atta said to conclude his presentation in parliament.

Some highlights of the 2022 budget are the introduction of a 1.75% tax on e-transactions; Mobile Money and bank transfers, the scrapping of road tolls, and the setting aside of GHC1billion to support young entrepreneurs.

Other initiatives introduced in the presentation are the YouStart Initiative to curb youth unemployment in Ghana and the government's Development Bank Ghana receiving an operational license to commence work.


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