Minister of Finance and Economic Planning, Ken Kuntukurunku Ofori-Atta on Wednesday presented Eighty-Six Billion Ghana cedis budget for next year to Ghana’s Parliament in Accra, which many analysts have described as ambitious, given the regime’s struggles to meet revenue targets.
The Minister while presenting the Budget described it as escribed as the “Nkosuo ne Nkabom budget” for 2020.
According to the Finance minister, the year 2019 has been “a very good year for Ghana.” This he said was evident in the growth recorded in the various sectors of the economy.
Addressing the speaker, Ken Ofori-Atta reports that the government has directly or indirectly put an amount of GHC1 12.2 billion into the pockets of many Ghanaians since 2017 through its major initiatives and social interventions.
He said the Free SHS policy has saved parents a total of GH?11.8 billion over the last three years.
It is a constitutional requirement for the Minister of Finance on behalf of the President to present to Parliament every fiscal year the Budget Statement and Economic Policy of Government, for scrutiny and debate.