Accra, Ghana, July 29, 2019//-Ghana’s Minister of Finance, Ken Ofori-Atta today asked for an additional GHS6.7 billion from the Ghanaian parliament after showering praises that the economy is sound and solid despite power sector challenges.
He said: “Mr. Speaker, we have been able to entrench fiscal discipline through the strategic allocation of resources, efficiency in the use of public funds, as well as enhancing transparency and accountability in our management of the public purse”.
Mr Ofori-Atta told the legislators that the President Nana Addo Dankwa Akufo-Addo promised to protect the public purse and that is exactly what we have been doing at the Treasury.
To highlight the point, Mr Speaker, in a space of 31 months (from January 2017 to July 27th, 2019), by reviewing contracts that were either sole-sourced or procured through restrictive tender, the Akufo-Addo administration has made savings of GH¢2.75 billion (which breaks down to GH¢800 million in 2017, GH¢1.1 billion in 2018, and GH¢1.085 billion in 2019).
This is a link to the full Mid-year Budget Review and Supplementary Budget file:///C:/Users/HP/Downloads/SPEECH%20-%202019%20Mid-year.pdf.
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