Audio By Carbonatix
The Minister for Agriculture Clement Kofi Humado has expressed concern about the low growth rate recorded by the Agricultural sector in spite of the high budgetary allocation by the government.
He observed that government has exceeded the 10 per cent budget support to the agricultural sector but that has not reflected in terms of growth.
The minister attributed the trend to the increasing expenditure on emolument and administrative purposes rather than investment.
He was speaking to Joy News' Agbeko Ben Coffie at the 9th Comprehensive Africa Agricultural Development organized under the auspices of the Africa Union in Addis Ababa Ethiopia.
Ghana is a signatory to the Maputo protocol in 2003 and we have been trying to comply with the protocol arrangements.
So far the government has been supporting the agric sector and has even exceeded the 10 per cent of national budget for agriculture.
But what is in contention is the growth that has not consistently generated a growth rate beyond six per cent.
He said after an expenditure review it was found out that the quality of expenditure was problematic because a chunk of resources go into emoluments and not into investments.
He noted government is embarking on some financial engineering to stem the tide.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Lilian Chipeso and Goshers: From banter to a celebration of African unity
2 minutes -
Your mouth is also your office: A word to public officials on the danger of careless speech
4 minutes -
Stay loyal despite frustrations over contracts — Asiedu Nketia to NDC supporters
20 minutes -
Possible power outages loom as Akosombo substation repairs continue – Deputy Energy Minister
25 minutes -
GETFund injects GH¢ 400m into KNUST Teaching Hospital project
29 minutes -
Support traditional leadership for peace and development – Otumfuo
30 minutes -
No campaign can secure victory better than unity – Asiedu Nketia
34 minutes -
Manhyia is home to whoever swears allegiance to the people – Otumfuo
38 minutes -
Asiedu Nketiah commissions new NDC Zonal offices in Wa East
39 minutes -
Ghana Gas pushes for tariff increase to sustain operations and future investment
39 minutes -
Ghana launches standards to boost local grinding media manufacturing
41 minutes -
Africa urged to shift from climate positions to action
47 minutes -
Stakeholders affirm need for election of MMDCEs
55 minutes -
Mankrong-Nkwanta gets new chief
57 minutes -
Malaria deaths drop sharply; infections remain high- GHSÂ
59 minutes