Audio By Carbonatix
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
-
Prof. Kwofie urges publishers to use indigenous knowledge systems to decolonise AI
44 minutes -
NDC’s two years of economic gains not enough to establish stability – Alan Kyerematen
53 minutes -
AFCON 2027Q: Nine new call-up for Cote, The Gambia matches
1 hour -
Ghana’s MSMEs: Burdened by regulation and overtaxed; why the system isn’t working
1 hour -
Patience Akyianu, former Barclays Bank Ghana MD and Hollard Group CEO, reported dead
2 hours -
Mahama pushes ‘health sovereignty’ agenda, says Global South needs control over resources
2 hours -
Mahama: We are reforming systems, fighting corruption and improving use of public funds
2 hours -
Catholic Bishops welcome task force to tackle drug menace, acknowledge inter-agency efforts
2 hours -
Ghana Catholic Bishops demand urgent action against drug trafficking
2 hours -
Tamale: 5 arrested over suspected drug activities; police seize pistols, narcotics
2 hours -
We have lost a great developer – Mankranso residents pay tribute to late DCE
2 hours -
Ghana Law Society sets September 30 for maiden Bar Conference on legal reforms
3 hours -
GPL Week 3: Port City’s Gyetuah bags a brace as 9 outstanding players named NASCO Players of the Match
3 hours -
Visibility without substance is just noise; I don’t seek popularity—Dr Oppong-Fosu
3 hours -
The late Abubakar Sedik was an exceptional DCE – Ashanti Regional Minister
3 hours