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About Ghc 5 billion debt has been paid to manage public service – Ofori Atta

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Finance Minister Ken Ofori Atta has stated that the Akufo-Addo government paid about 5nillion cedis to clear some public debt left behind by the previous government the National Democratic Congress.

Presenting the Mid-year budget review to parliament on Thursday, 23rd July 2020, the Finance minister gave the statistics of what the country used its 2020 budget.

“Mr. Speaker, I am happy to inform this Honourable House that we have paid almost GH¢5 billion of the unpaid bills which we inherited and are managing the public purse in a much more responsible manner now,” he said.

He further stated that ” Mr. Speaker, this Government under President Akufo-Addo, with these actions, has amply demonstrated its commitment to prudent financial management, investing broadly and inclusively in the nation’s development, ensuring value for money and being held accountable for our actions.”

Mr. Ofori Atta also stated that there are measures being put in place to ensure growth and ensure irreversibility of the economy.

“Mr. Speaker, we have also put in place key structural measures to sustain our path towards fiscal consolidation, growth and ensure irreversibility. These include the passage of the Fiscal Responsibility Act 2018 (Act 982), forging Social Partnerships with Organised Labour and Employers to enhance the quality of dialogue and implementation. We have also established and operationalized the Fiscal and Financial Stability Councils to enhance the monitoring of the government’s fiscal and financial policies,” he stated.

By Amos Ekow Coffie  |  talksafrica.com

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