GHANA’S FINANCE MINISTER ASSUMES OFFICE WITH PLEDGE TO TRANSFORM ECONOMY

Ghana’s new finance minister, Ken Ofori-Atta, has assumed office with a pledge to grow Ghana’s economy for the prosperity and well-being of citizens.

Ofori-Atta, who brings to the Ministry more than 30 years’ experience in the Ghanaian and international financial sector, was sworn into office on Friday by President Nana Addo Dankwa Akufo-Addo.

A statement issued by the Ministry of Finance here Monday quoted the Minister as saying that his immediate priority was to protect the public purse, stabilise Ghana’s macro-economy, spearhead anti-corruption, increase revenue and introduce policy initiatives to grow the economy for the private sector to thrive and create jobs.

We will create wealth and improve people’s lives by ensuring economic freedom as the mainstay of the economy, the statement quoted him as saying. 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.

He 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).

He intended to work hard to get the economy growing eventually at double digits through policies and strategies which would increase revenue, reduce waste, control spending and grow the economy to create jobs.

The Minister, the statement added, noted that the three-year International Monetary Fund (IMF) programme for Ghana 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, he said.

Source: NAM NEWS NETWORK

   

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