- Kojo Oppong Nkrumah, the minister of information, commended the GH21 billion decrease in the government’s allocation for the upcoming fiscal year and said it was admirable.
- The appropriation cut, he noted, is a positive thing, but GH10 billion of that is for interest payments, and the remaining amount is dispersed across other spending lines.
- The minister of information stressed that the government’s will to consolidate its financial resources and give development projects top priority was demonstrated by the overall decrease in expenditure.
- In order to assist the economic prosperity of the nation, he underlined the need of taking lessons from the current economic climate and making wise judgments.
- The chance to analyze fiscal policies to make sure they are in line with goals for national growth was presented by the mid-year budget review.
- The decline in government spending is a result of the Domestic Debt Exchange Programme (DDEP), which has handled growing debt costs and freed up funds for measures that boost growth.
- The government’s growth plan, which prioritizes inclusive development and private sector investments to foster job creation and sustainable economic growth, was also underlined by the budget review.
- Important growth-oriented initiatives like Planting for Food and Jobs Phase II seek to boost agriculture, add value, give young opportunities, and promote economic diversification.
Source:
Graphic Online