Ghana’s Finance minister, Ken Ofori Atta has emphasised that despite reaping low revenues, the government has still found money to fund the country’s own ambitious promises to Ghanaians.
He said, “We still found the money to bring back or invest more in vital social programmes that had been abandoned by the previous government”.
During a presentation of a Mid-Year Budget Review to Parliament on Monday, 25th July 2022, the minister stated “We were certainly not out of the woods yet, especially as revenues remained very low and we had been left with billions in arrears to pay, and more bills to pay from numerous contracts that the previous government had signed where we had to pay for the electricity that we do not need”.
Mr Ofori Atta revealed the government has introduced transformational policies that in the long term will put Ghana beyond aid, with key amongst them are; the emphasis on education and vocational training, adding value to our economy through industrialisation and digitalisation, investing heavily in roads and railways, and rationalising the power sector”.
The Finance minister retreated “But, we also knew that our economy was still vulnerable to shocks. That was why we set out to introduce transformational policies that in the long term will put Ghana beyond aid. Key amongst them is the emphasis on education and vocational training, adding value to our economy through industrialisation and digitalisation, investing heavily in roads and railways, and rationalising the power sector”.
Source: Mybrytnewsroom.com/Kwabena Nyarko Abronoma
