Skip to main content

We've learned our lessons, we'll protect the public purse; we'll spend what we earn – Ofori-Atta

 


Finance Minister, Ken Ofori-Atta, has expressed government’s commitment to protecting the public purse through expenditure controls and the payment of the right taxes.

According to him, the government has learnt lots of lessons from this economic predicament and therefore must spend what it earns and not vice versa. 

In an exclusive interview with Joy Business’ George Wiafe, Ofori-Atta, said the government is doing the right thing and is on the right path with respect to fiscal management of the country.

You have to take the community across the Jordan and that’s what I [Ken Ofori-Atta] intend to do irrespective of the difficulties. But we’re confident that we’re doing the right thing, we’re on the right path”.

“The challenge really is yes, we will get our Board [IMF Executive] approval hopefully in short order, but what do we as a nation learn from that?”, he asked.

He added that the country must contend with expenditure control commitments, raise its revenue and ensure that it spends what it earns.

I think those are going to be the issues the country has to contend with, understanding how to protect the public purse and ensuring that we all pay our taxes and avoid wasting government resources”.

Comments

Popular posts from this blog

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican

Rana Motors celebrates 30 years of Kia Sportage in Ghana with the unveiling of 30 Unique Limited Models

 In a bold milestone, Rana   Motors , a leading player in the automobile industry, is marking 30 years of its flagship compact   SUV , the Kia Sportage presence on the Ghanaian market with the launch of the limited special edition of the 5th Generation model. This latest edition, proudly assembled in Ghana, reflects the brand’s commitment to combining local craftsmanship with cutting-edge technology with key upgrades including acoustic laminated glass for a quieter interior and reinforced safety features like eight airbags, including rear side airbags. Speaking during a brief ceremony to unveil the 30th Anniversary of Kia Sportage in Ghana, Chief Operating Officer of Rana Motors Kassem Odaymat, described the positioning of the company as a game-changer in the automotive landscape.   To mark three decades of outstanding success, Kia has equipped a new special edition of the 2024 Sportage with enhanced specification, focusing on convenience and safety while further elevating the model’s

Index of industrial production surges to 8.2% in 2024 2nd quarter

  The Conference of Heads of Assisted Secondary Schools (CHASS) has expressed frustration over the challenges faced in securing electricity for schools across the country. During their 62nd Annual Conference, held in Tamale from October 7 to 11, CHASS voiced concerns about the impact of prepaid electricity meters on their operations. In a statement, CHASS highlighted that the use of Electricity Company of Ghana (ECG) prepaid meters in schools is worsening the financial strain on headteachers. CHASS is extremely surprised as to why its members should be burdened with the responsibility of pre-financing the supply of electricity for classrooms, libraries, dormitories, dining halls, laboratories, and other academic purposes," the statement read. CHASS called for the government's immediate intervention, urging the shift from prepaid to postpaid meters to ensure uninterrupted electricity supply. They emphasized the need for continuous power to support effective academic work and to