President John Mahama has promised Ghanaians that more positive developments are on the horizon, with major economic updates scheduled for the approaching mid-year budget review in August.
“I’m sure that by the time the Finance Minister returns to Parliament in August for the mid-year review, we’ll have even more good news for Ghanaians,” the President said during his ‘Thank You Tour’ in the Upper West Region.
He said that early indications of economic recovery, such as a rising cedi and a declining cost of living, show that budgetary restraint and policy changes are starting to have an impact.
“Our focus has been on stabilising the economy. We therefore presented to Parliament in March this year a budget aimed at severely trimming expenditure and channelling the saved revenue into priority programmes, as promised in our manifesto,” Mahama explained.
The Governor of the Bank of Ghana and the Minister of Finance in particular were commended by the President for their “close collaboration and coordination” in guiding the recovery.
“I wish to commend the Minister of Finance and the Governor of the Bank of Ghana, along with their teams, for the coordination they are displaying in this economic turnaround,” he said.
Source:Mybtytfmonline.com/Joseph Asare
