The economy as at 2017
was in the bad state coupled with high-interest rates, debt, a decline in
agricultural growth, a high unemployment rate among many others, according to the
Finance minister, Ken Ofori Atta.
Presenting 2020 budget statement to Ghana’s Parliament on Wednesday 13 November 2019, the Finance minister added, the previous administration imposed taxes on most products in the country including, taxes on condoms, cutlasses and even on ‘kayayes’.
Mr Ken Ofori Atta also stressed that the Mahama led NDC government awarded numerous contracts without sources of funding compelling the Akufo-Addo led administration to find means of paying for debts been accrued over the years.
But the minister emphasised, pragmatic policies by the government has seen the economy due to the structural and significant policies being implemented by the government since assumption of office in 2017.
Mr Ofori Atta was emphatic that, the government has been able to implement many flagship programmes that have positively impacted on the well being of Ghanaians.
Source: Kwabena Nyarko Abronoma/Joydaddymultimedia.com