by: michael eli dokosi/www.blakkpepper.com/ghana
Ghana’ finance minister; Ken Ofori-Atta on Wednesday, November 15, 2017, presented the Akufo-Addo government’s 2018 Budget Statement and Economic Policy to Parliament.
With the theme: “Putting Ghana Back to Work”, the budget highlighted results from the government’s policy programmes over the past months, and announced the government’s planned developmental programmes for the next fiscal year.
The Akufo-Addo administration is keen to mobilize money for developmental projects through strict tax collection modules on one hand while offering tax reliefs for private universities, tax holiday for young entrepreneurs and a proposed 13% reduction in electricity tariff for residential consumers.
The government however cut big on the budgetary allocation to certain ministries. The Roads and Highways Ministry now has a budget of GHS77 million slashed from GHS444 million.
The Youth and Sports Ministries also suffered cuts; now allocated GHS33 million from GHS47 million.
Gender, Children and Social Protection, Food and Agriculture, as well as Communications ministries all suffered budgetary allocation cuts for 2018.
Meanwhile Education, Aviation, Defence, Employment and Labour Relations Ministries enjoyed increased allocations.
Main opposition party, the National Democratic Congress (NDC) members in parliament were unenthused with government’s plans for the state and the people such that while the reading was ongoing, members could be seen planning to raise posters indicating their enthusiasm with the schemes being rolled out.
Meanwhile the majority MPs were loving the finance minister’s account of events and plans for the next year beaming with smiles.