"We will create wealth and improve people’s lives by ensuring economic freedom as the mainstay of the economy,” it said.
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'We will create wealth and improve people’s lives' - Ofori-Atta assures
The Minister of Finance and Economic Planning Ken Ofori Atta has promised to create "wealth and improve people’s lives," a statement from the Ministry has said.
“I am committed to cleaning up our public finances, managing the enormous debt that we have inherited in order to create the needed fiscal space, invest in critical infrastructure, and empower the private sector to create jobs,” the statement quoted the minister as saying.
Mr Ofori-Atta, who brings to the Ministry more than 30 years’ experience in the financial sector said the legacy of the Ministry would be a professional institution with global standards in treasury and risk management to give effect to enforcing the Public Finance Management Act (PFMA).
The press statement said the finance minister intended to work hard to get the economy growing eventually at double digits through policies and strategies that would increase revenue, reduce waste, control spending and grow the economy to create jobs.
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He noted that the three-year International Monetary Fund programme was needed to achieve fiscal consolidation, though it was presently in a delicate state.“I am committed to an IMF programme, which addresses our current predicaments and will ensure that we also meet all the necessary structural benchmarks that may be suggested. As our President has stated, we now need to get Ghana working again in order to create jobs,” the release quoted him.
In addition, Mr Ofori-Atta gave the assurance that he would deliver with God’s guidance on the New Patriotic Party’s Manifesto pledges in spite of the daunting economic challenges.He expressed optimism that in the President’s first budget, there would be a clear path towards fulfilling the manifesto pledges and opening economic space for the private sector to thrive, said the release.
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