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NDC Debts Stifling Government Projects, But . . . - Information Minister   
 
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22-Jul-2019  
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Kojo Oppong Nkrumah
 
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Information Minister, Kojo Oppong Nkrumah has disclosed that the NPP government is still settling debts left by the Mahama administration.

According to him, the settling of those debts has in effect affected some government projects.

Speaking on Okay FM’s 'Ade Akye Abia' programme, he explained that the debt been settled by government ranges from roads to energy.

Government recently had to look for money to settle debts owed Independent Power Producers (IPP) when they threatened to cut power supply.

He added that these things are affecting government adversely.

"Nonetheless government will continue to provide the necessary infrastructure to the people of Ghana."

"Most of governments planned and propose projects for road and other infrastructure is captured in the mid year budget review," he added.

The government has said the July 29, the mid-year budget will among other things focus on adding to state revenue to fund the outstanding programs for social and economic policies.

Addressing Journalists in Accra on Sunday, the Minister for Information Kojo Oppong Nkrumah said the mid-year budget review will present the opportunity to take a second look at revenue availability to execute the remaining programmes.

“This is why revenue mobilization which was highlighted in the 2019 budget will remain a key feature in the mid-year review.”

“The objective will be to ensure that the government mobilizes enough resources to fully deliver on the outstanding commitments,” he said.

Kojo Oppong Nkrumah added that the government was hopeful of cutting out avoidable expenses while shoring up revenues.

This is to create more fiscal space to fully fund and execute the outstanding programs in the medium-term expenditure framework.

The country’s Financial Management Administration Act requires the Finance Minister to come before Parliament not later than July 31, to prepare and submit a Mid-Year Fiscal Policy review.


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Source: Isaac Kwame Owusu/Peacefmonline.com/[email protected]
 
 

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