The Government is poised to move Ghana into a fully-fledged middle income economy with opportunities for all, in spite of the major setbacks in 2013 and the current temporary challenges.
�President John Dramani Mahama has taken key measures to improve the situation... the measures are far reaching and transformational in nature,� Mr Seth E. Terkper Minister of Finance and Economic Planning, said Wednesday.
The Minister was presenting the Mid-Year Review of the Budget Statement and Economic Policy and the Supplementary Estimates of the Government for the 2014 Financial Year to Parliament.
Mr Terkper said the measures adopted aimed at injecting stability while changing the structure of the economy.
�As the President noted recently, some of the measures will be painful in the short term but will no doubt be beneficial in the long run,� he said.
�We are incorporating the key and major recommendations of the Senchi Consensus in our overall economic management agenda. We are blessed with rich human and natural resources�.
The Minister said the new agenda is supported by bold paradigm shifts such as the enactment of the Pricing Re-imbursement Market Assess (PRMA), proposals for the establishment of the Ghana Infrastructure Investment Fund (GIIF).
He said the government would continue to promote the consumption of Made in Ghana Goods through the revamping the Komenda Sugar factory, increased funding for poultry and rice production and increased support to the Pharmaceutical industry and SMEs in general.
The Finance Minister, therefore, moved for Parliament to approve the 2014 Supplementary Estimates of GH�3,196,855,671 million in compliance with Article 179 (8) of the Constitution and Standing Order 143 of this House.
He said the Appropriation Bill covering this Supplementary Estimates would be submitted to Parliament in conformity with Article 179 (9) of the Constitution.
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