Finance Minister Ken Ofori-Atta has disclosed that the 2020 Budget would focus on sustaining gains made over the past three years.
He added that this should mean the 2020 Budget would look at sustainable stability and security.
The budget would also “make sure that the uncompleted roads and ongoing flagship projects are done as well and improve the country’s export drive as well” the minister added.
The Minister also talked about using the 2020 budget to improve Ghana’s export drive, tax reforms, reviewing tax exemptions, and things that would put the country on a growth strategy and create the required jobs in the country.
What has been the NPP government’s Budget themes since they assumed office in 2016?
The first budget of this administration was in 2017 which was themed; ‘Sowing the seeds for growth and Jobs’.
At that time, Finance Minister Ken Ofori Atta had argued that they were trying to sow the seeds in terms of policies that help grow the economy and create the required jobs in the country.
In 2018, the Minister of Finance Ken Ofori Atta talked about “Putting Ghana Back to work”.
In 2019, the budget was themed; A Stronger Economy for Jobs and Prosperity and 2020 would now focus on “Sustaining gains made over the years”.
From these themes which guide and influence policies, it is clear that the government is surely looking at how they can use the budget to create the necessary jobs in the country.
What should we expect when it comes to revenue and expenditure measures?
The finance minister has told that the 2020 budget would come up with strategies to help improve revenue mobilization and deal with tax exemption granted to businesses.
It is estimated that the country loses about $3billion annually and the plan is to take steps to deal with this challenge.
There would also be some prudent measures to control government’s expenditure especially going into an election year.
What would be the real test for the 2020 budget?
Some analysts have argued that the real challenge would be how to improve revenue to support government’s projects for next year.
Again others have argued that how would government be discipline with its finances and avoid questionable expenditure, especially in an election year.
One would also want to talk look at how they are going to raise money to fund some of its flagship programs, prominent among them is the Free SHS and how it would use this budget complete some projects it promised to finalized in its first term in office.
Latest Stories
-
Energy transition threatens survival of GNPC – PIAC warns
3 mins -
ECG fails to comply with PURC directive to publish ‘Dumsor’ timetable
15 mins -
Tullow, partners affirm commitment to support coastal communities
39 mins -
Creative Addictions: Documentary on drug use among celebrities premieres on Joy News, Joy FM, Joy Prime
52 mins -
‘There is something mysteriously amiss somewhere’ – Gabby Otchere-Darko on ‘dumsor’
1 hour -
Sean ‘Diddy’ Combs: What we know about the accusations against him
1 hour -
Education giant Excel-Plus Education set to host 2024 Study Abroad Fair at Accra City Hotel
2 hours -
Newmont unites communities through sports as it hosts intercommunity football gala in Akyem
2 hours -
Zoomlion Ghana Limited donates to support 8-year-old leukaemia patient
2 hours -
Telecel Ghana and Huawei sign new framework contract to provide better network experience
2 hours -
Hotter countries generate more food waste per capita in households
2 hours -
Kwaku Antwi-Boasiako: Eunuchs and Homosexuality
2 hours -
NIC and partners commit to improve insurance coverage through inclusive insurance
2 hours -
Thieves ransack Obuasi Hospital Medical Superintendent’s residence
2 hours -
Kenya: Safari Rally to be Extended to Five Days
2 hours