Ghana’s Finance Minister, Ken Ofori-Atta has outlined the plans the President, Nana Akuffo Addo has for the country ahead of the next three and a half years.
The Finance Minister disclosed this on the floor of parliament whiles presenting the 2020 Mid-year budget review to touch on key aspects of economic indicators such as growth rate, primary balance, budget deficit, GDP, revenue and expenditure targets among others.
He said an unprecedented GH¢100 billion Ghana Cares Obaatanpa Programme has been set to transform and modernise Ghana’s economy.
“The agenda of the President is to modernise Ghana for all Ghanaians.”
Meanwhile, Ken Ofori-Atta has said for the next 6 months, the government will focus on the following areas of the economy:
a. Reduce CST from 9% to 5%
b. Establish a GH¢2 billion Guarantee Facility to support all sectors of business and job retention
c. Establish an Unemployment Insurance Scheme
d. Create a GH¢100 Fund for Labour and Faith-based organisations for retraining and skills development
e. Increase the CapBuss Programme by GH¢150 million to, among others, facilitate credit of GH¢50 million to support the Creative Arts, the Media and the Conference of Independent Universities.
f. Retain provision of free water for the next three months
g. Retain free electricity for all life-line customers for the rest of the year.
Finally, in Mr. Ken Ofori-Atta’s conclusion of his presentation, he requested for a supplementary budget of eleven billion, eight hundred ninety-six million, four hundred seventy-seven thousand, five hundred and sixty-six Ghana Cedis (GH¢11,896,477,566.00) to enable the government to continue its task.
