Government has pledged not to spend above the budgeted target in the 2020 fiscal year, being an election year.
The Finance minister, Ken Ofori Atta, delivering the 2020 budget statement at Parliament on Wednesday, he insisted government will ensure fiscal discipline next year to ensure perennial excessive spending is not repeated.
“As an election year, Government is committed to being fiscally disciplined so as not to engage in perennial excessive spending that normally characterised previous administration. We are committed to spending within the budgeted amount” the Minister assured.
He stressed, the Electoral Commission of Ghana would be assisted with all the needed resources to enable it to carry its mandate of organising of the 2020 general elections in order to have a free and fair exercise.
Mr Ofori Atta was quick to add that, Government will do its best to ensure the country consolidate the macroeconomic gains being made.
He said, economic growth has increased to 7.4% as against previous 3.6% while inflation has also reduced to 7.4% as against 16.4% in the previous administration.
Source: Kwabena Nyarko Abronoma/Joydaddymultimedia.com