A Financial analyst Mr Joe Jackson has said Ghana has no money to undertake development projects in the country.

He said the country is ‘broke’ therefore, the government will need to introduce more taxes in order to generate revenue.

In a tweet, the Chief Operations Officer for the Dalex Finance, said “Ghana is broke! We spend 49.5% of revenue on interest payments. Govt needs to increase tax revenue else we may not be able to even borrow more.

“This budget takes the easy way out by imposing indirect taxes which affect the poor more than the wealthy. #TaxTheWealthy #HardDecisions”