Finance Minister Ken Ofori-Atta says every sector of the economy has been positively impacted despite our economic challenges.
The Minister says over the past seven years that the Nana Addo government has been in charge, ever sector of the economy and every region in the country has been impacted positively.
He reported that the Presidnet has invested GH¢422.1 million to create and resource six new administrative regions.
He described this as the most in our history since independence.
“Mr. Speaker, we have worked hard and invested significant resources. And being sure of this knowledge, I can confidently assert that over the past 7 years: Every sector has been positively impacted. Every household has been positively impacted by our social intervention programmes.
And Every region has also been positively impacted. Indeed, President AkufoAddo has deepened decentralised development by investing GH¢422.1 million to create and resource six new administrative regions. The most in our history since independence.”
Delivering the 2024 budget statement he said “Consistent with our policy on preferential options for the poor, i.e. leaving no one behind, we have been historic in enhancing social mobility and protected the vulnerable in our society. In this regard, we have since 2017:
i. Improved access to quality SHS education for about 5.7 million Ghanaians by investing GH¢8.4 billion in the future of our next generation; ii. Increased enrolment and learning outcomes of 3.8 million pupils by investing GH¢3.6 billion in the School Feeding Programmes; iii. Reformed the NHIS to improve and expand health service delivery to 16 million Ghanaians. iv. Supported foundational education of over 6 million pupils by investing
GH¢248.5 million as Capitation Grants; and
v. Improved the quality of life of about 350,000 Ghanaian households under the LEAP by investing GH¢1.2 billion.”
He went on to say that “Mr. Speaker, we made all these investments into social mobility, not just because it was the right thing to do morally, but also because we believe it is economically essential to uplift and extend opportunities to every Ghanaian household. We are confident that the record high investments we have made and continue to make over these seven years in preparing our children for a brighter future will significantly transform our society, especially by tackling the root cause of poverty that has afflicted many families from generation to generation. Mr. Speaker, having a child pursuing a university degree is no more a purview for the rich but for all strata of our society.
Mr. Speaker, we believe it has been seven years of grace and positive impact. We are determined to do more to boost the capacity of the private sector to expand productivity and create jobs. In the past 7 years, we have:
i. Invested GH¢32.7 billion to keep the lights on and support the growth of businesses;
ii. Invested GH¢25.3 billion to facilitate the repositioning of the financial sector and enhance its ability to assist business operations. To date, the Development Bank Ghana has facilitated GH¢1 billion in competitive financing for the private sector, and GIRSAL continues to mitigate risks in the agriculture sector; iii. Supported 100,000 young graduates to secure workplace experience and employment by investing GH¢2.4 billion in NABCO; iv. Invested GH¢7.1 billion to build road and transport infrastructure to improve connectivity and productivity;
v. Invested GH¢541.5 million in 169 1D1F enterprises to scale-up valueaddition and provided 140,000 additional jobs; and
vi. Created over 2.3 million jobs in the private and public sectors (approximately 900,000 in the private sector and 1.4 million in the public sector).”
By: Rainbowradioonline.com/Ghana
