We’ve pursued measures to stabilise the economy-Ofori-Atta
Finance Minister Ken Ofori-Atta has indicated the government has taken steps to consolidate the economic gains made even in the face of the Covid-19 outbreak.
Delivering the mid-year budget review, the Minister noted that we the government has among other things pursued prudent macro-fiscal policies that put us back on track to restore economic stability and growth.
The Minister told Parliament that the government fostered a resilient financial ecosystem, under GhanaCARES, by establishing the building blocks for stronger and catalytic collaboration between institutions such as Ghana Incentive-based and Risk Sharing Scheme for Agricultural Lending (GIRSAL), Ghana Commodity Exchange (GCX), Venture Capital Trust Fund (VCTF) and the restructured Ghana Enterprises Agency (formerly NBSSI) to anchor a new age of entrepreneurship, job creation and wealth building for our post-COVID transformation; issued the historic foreign currency-denominated zero-coupon bond in our financing mix, thus creating the fiscal space to build our financial resilience; and also revamped the energy sector to further stabilise electricity supply for households and businesses.
According to him, ”the pledge on Continuity has also driven us to:
a. Continue to implement the Phase II of the GhanaCARES ‘Obaatanpa’ programme to revitalise our economy, after a successful execution of the Stabilisation measures in Phase I;
b. continue to implement our key flagship programmes, including Free SHS, PFJ, 1D1F among others to enhance the quality of life of our people and further advance our transformation agenda;
c. continued our Environmental Agenda by embarking on a war against illegal mining (galamsey) to preserve our water bodies and protect the environment; and
d. continue Government’s historic partnership with Labour and Employers, and also with the Faith-based organisations.
”Mr. Speaker, in addition to the above, we have continued to provide the needed resources, equipment and personnel to maintain security and peace within our borders. We are on course to transform the security services to enable them to adequately respond to emerging national and sub-regional threats.”