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2018 Budget cannot create jobs in a distress economy-Minority

Written by  Nov 13, 2017
President Nana Addo Dankwa Akufo-Addo has hinted that the 2018 budget will largely focus on job creation. However, the Minority in Parliament says that is impossibility due what they termed as distress in the commercial bank sector. Addressing the press today [Monday] at the Minority’s roundtable discussion ahead of the budget presentation, Leader on the side of the Minority Haruna Iddrisu  said “We expect that the 2018 budget will signal how the governemnt will address the growing unemployment in this country… Ghanaians are expecting the 2018 budget to address the issues of unemployment.” “We believe that the 2018 budget  won’t create jobs. How can you create jobs when commercial banks are in a big distress? The local banks don’t have the liquidity to lend to the private sector to create jobs. “The budget deficit in IMF’s article four is projected to be 3.8%, so ladies and gentlemen, next year, let us be assured that there is going to be there will be severe austerity and hardships equivalent to 1983,” Mr. Ato Forson added. He also accused the ruling government of intimidating members of the opposition NDC who are seeking for jobs.      
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