Finance Minister Ken Ofori-Atta says Ghana’s economy is now buoyant under the Nana Addo-led government in less than two years.
He described the economy under the Mahama-led government as ‘high-risk’ to foreign investors and locals.
The Finance Minister said this when he presented government's fiscal plan to Parliament on Thursday, in accordance with Article 179 of the 1992 constitution.
The budget statement which is the third of the Akufo-Addo administration addressed very pertinent issues that have arisen over the course of time.
The government's first ever budget, christened 'Asempa budget' read in March 2017 brought to life the flagship policy, Free SHS and the abolishing of taxes termed 'nuisance tax'
The second, 'Adwuma budget' read in November 2017 promised to bring about jobs and economic prosperity for Ghanaians. This led to the creation of the NaBCo programme where 100, 000 graduates are to be given 3-year employment under 7 modules.
Themed “A Stronger Economy, for Jobs and Prosperity,” this budget is the first of the Akufo-Addo administration after its exit from the IMF bailout - by the end of the this year - signed unto in 2015 by the then Mahama-led government.
Mr Ken Ofori-Atta touted the current administration's management of the economy, especially in the improvement of the macroeconomic indicators within two years after a change of government.
“A change in the management of the economy from incompetence to competence, change from rising debt to GDP ratio to declining debt to GDP ratio,”
“ Change from weak banking system to better supervised system, a change from manual process of clearing goods to paperless process, a change from dumsor to reliable power, a change from lack of access due to cost of education to implementation to Free SHS, a change from cancelling teacher training allowance to restoration of teachers allowance” he said
"Our economy has changed from one with a weak banking system to a strong, well-capitalised banking system, from a rising debt to GDP rate to a declining debt to GDP rate" he added.
Source: King Edward Ambrose Washman Addo/Peacefmonline.com/ Twitter: @Washman5/ Instagram: Ambrose_wash
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Anyone with a clear conscience, and without any political affiliation knows that NPP are better managers of the economy than NDC. NDC does not use economic indicator figures because it never favours them.The NDC uses populace phrases like "We Don't Eat Figures", "Things Are Hard", "No Money In Our Pocket", "We Did Massive Infrastructure", "Ghanaians Are Suffering" etc. It is like a student who does not want to hear the word EXAMS, yet claiming to be a better student
Even if it is kokain you want to smoke, why do you concentrate only on import duties when your exports is worth a hundred times? Why don't you charge exports duties and stop giving the whites free zone status that allow them to legitimize their lootin
I thought Nana was Wise
Why all these loans? Just for Coke? Drug addiction is a BIG problem.
Some of us know the oil companies you have set up. Tiives! Why did go after indigenous banks? Your wickednesss will send you back into opposition. Now you want to sell ECG by next year,. You try to sell ECG and the demonstration alone will over throw you senseless government.
For the first time in my life I will vote for NDC so that you motherforckers will learn. You can't increase taxes byhart, close banks because you see them as competitors, close businesses, increase import duties making everything in the country so expensive, go in for unnecessary loans just because you want to steell, deliberately destroy indigenous businesses, use others like the GFA boss for briberyy purposes, sacrifice agyako for inflated bill to Parliament when the president himself knew it. You can't do all these and think we are so stiwwpid we won't see. We will show you like we did to Mahama.
Nana is your mother whom we will vote for not your us less nana who is in nyantakis pocket,
If we are not going to vote for NPP in 2020. Then who do vote for? John Ford?
Budget papapaaaaa this government is trying oooo we should keep them
IS INCOMPETENCE THE ONLY VOCABULARY IN NPP DICTIONARY? WORDS ARE NOT ENOUGH TO MAKE YOU COMPETENT. WORDS BACKED BY ACTION ARE NEEDED IN EVERY SPHERE OF LIFE TO MAKE YOU COMPETENT. "Y3 TI A BR3" SYNDROME WOULD NEVER MAKE YOU COMPETENT. YOU THINK GHANAIANS ARE SLEEPING. YOU LIE BAD. CONTINUE TO MOCK AT YOURSELF. GHANAIANS ARE LIKE CHAMELEON AND THEY WOULD CHANGE WITH THE ENVIRONMENT WHEN THE SITUATION DEMADS IT. YOU WILL GNASH YOUR TEETH COME 2020.