Audio By Carbonatix
The Finance Minister, Ken Ofori-Atta, has indicated that government has done its best in its seven years in office to keep power supply stable and lights on.
Delivering the 2024 Budget in Parliament on Wednesday, he noted that government has “invested GH¢32.7 billion to keep the lights on.”
He added that the said amount invested was also to support the growth of businesses in the country.
According to him, government has also made other investments such as investing GH¢25.3 billion to facilitate the repositioning of the financial sector and enhance its ability to assist business operations.
To date, the Development Bank Ghana has facilitated GH¢1 billion in competitive financing for the private sector, and GIRSAL continues to mitigate risks in the agriculture sector, the Finance Minister added.
Again, he said government has supported 100,000 young graduates to secure workplace experience and employment by investing GH¢2.4 billion in NABCO.
To build road and transport infrastructure to improve connectivity and productivity, Mr Ofori-Atta pointed out that another GH¢7.1 billion was invested.
He noted that government also invested GH¢541.5 million in 169 1D1F enterprises to scale-up value addition and provided 140,000 additional jobs.
He further stated that government has created over 2.3 million jobs in the private and public sectors (approximately 900,000 in the private sector and 1.4 million in the public sector).
He added that government is “determined to do more to boost the capacity of the private sector to expand productivity and create jobs.”
Latest Stories
-
Use diplomatic channels to secure Partey’s entry into Canada – Asafo-Adjei Ayeh to gov’t
3 minutes -
Gov’t should have foreseen Partey’s visa challenge – Bosome Freho MP
4 minutes -
UCC opens internal probe into death of Level 200 student
12 minutes -
From invisible to influential : Why Africans must take personal branding seriously
48 minutes -
Police rule out visible assault in death of UCC student found on beach as investigations continue
1 hour -
Education Minister mourns UCC student, orders full investigation into death
2 hours -
Loud and Green : Plastic is not waste, it is an opportunity – PlasticPreneur challenges Ghana’s perception of plastic pollution
2 hours -
Loud and Green : Young climate advocate calls for a shift from single-use plastics to tackle flooding
2 hours -
Ocean Harmony Project founder warns plastic pollution is entering the human food chain through fish
2 hours -
Ghana’s floods are behavioural disasters, not natural ones – Environmental advocates
2 hours -
Nigeria clinches $10,000 grand prize as 4th ECOWAS Regional Cybersecurity Hackathon 2026 ends in Accra
4 hours -
Ketu North MP mourns death of UCC student Innocentia Avinu, calls for justice
4 hours -
AGI partners Danish industries to advance value chain sustainability
5 hours -
Missing UCC student found dead as police launch investigations
5 hours -
Aflao border plunged into darkness, exposing travellers to attacks – Union Secretary
5 hours