Government of Ghana through the he Finance Minister Ken Ofori-Atta is in Parliament to present his third budget in government.
The budget is under the Theme: “A Stronger Economy for Jobs and Prosperity”
Already the minority in parliament has already has predicted doom and hell for the budget but the government says the 2019 budget will offer hope.
Below are some “problems” the Nana Addo led government claim to have solved within two years of assuming office.
“Mr. Speaker, within two years of the change in government, below are just some of the problems we have fixed:
A change in the management of the economy.
A change from macroeconomic instability to macroeconomic stability.
A change from a rising debt-to-GDP ratio to a declining debt-to-GDP ratio.
Changing from a weak banking system to a strong, wellcapitalised and better supervised banking system.
A change from taxation that undermines production.
A change from a predominance of sole sourcing to competitive tendering in procurement; this changed has seen the Public Procurement Authority making total savings of GH¢1.8 billion from January 2017 to October 2018. It is important to recognize that not a single pesewa was saved all the years under the previous government until 2017.
A change from the manual process of clearing goods, with its attendant corruption at the ports to a paperless process.
A change to bring about a reduction in electricity tariff
A change from Dumsor to reliable power.
More soon
By: Joseph Nii Ankrah