The goverment of Ghana has finally taken some concrete decisions in response to concerns and demands by the NDC minority caucus in Parliament.
In a press briefing held in Accra on Monday, Ghana's Minister of Finance, Ken Ofori Atta outlined the various measures taken by goverment to address concerns regarding the 2022 Economic Policy and Financial State of Government.
Key among them is the allocation of 10 million Ghana cedis for the commencement of the the Keta sea defence project. The allocation, according to Mr Ken Ofori will be used for the completion of feasibility and engineering services of the sea defence project to bring a lasting relief to the communities affected the unfortunate tidal vawes which rendered over 3,000 people homeless.
Additionally, the Finance Minister indicated that concerns regarding the Agyapa royalty Acker deals have also been taken care of.
Regarding the controversial E-levy, the Minister noted that consultation is still ongoing to reach a suitable conclusion with that minority.
All these adjustment to the 2022 budget according to Ken Ofori Atta have been communicated to the Speaker of Parliament in a written letter.
The Minister further warned that the consequences of untimely approval of the 2022 budget are dire and underscored the urgent need to approve same.
He pointed out that goverment risks shutting down if the budget is not approved as early as possible. In addition, goverment will incur serious damege to fiscal consolidation program and international financial market credibility.
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