Minister of Finance, Ken Ofori-Atta has assured that the government will steer the economy back to stable waters just like the President had stated at the height of the deadly pandemic.
The Minister made this known during the 2022 budget presented in parliament today, November 17, 2021.
He explained that the country is facing economic challenges due to the high expenditure which characterized the 2020 financial year.
According to him, Akufo-Addo is not losing sleep to ensure that the economy returns to pre-Covid-19 levels.
November 17 that the country recorded a total budget deficit of 15 per cent of the gross domestic product (GDP) in 2020.
“We are under no delusions as to the economic encounters our country today,” he said
“How to ease the sufferings of Ghanaians, transform the economy to create jobs and share the expected wealth across all households, such as providing security and education are what keep the President awake at night. How to broaden the revenue base, keep a grip on expenditure, protect the public purse and at the same time build with urgency the needed infrastructure, collecting revenue, managing our debt and expenditure commitments, and paying the bills to stimulate economic activity are the orders he has given to us, his Ministers and other appointees, to carry out over the next three years.”Because
“We have no doubt in our capacity as a government to turn things around,” he added.
“We turned around the economic crisis we inherited in 2017. We are turning around the economic crisis the pandemic brought in 2020. The challenge is on and we are determined to prevail and with the people behind us and the Almighty on our side we know we shall prevail.”
Sources: Mybrytfmonline/Abba Kwegyirba Aggrey
