November 30, 2020

2019 Budget Review: Government Pledges to utilise GHS6 Billion Extra Budget on Redevelopment

Minister of information, Mr Kojo Oppong Nkrumah

Government has pledged to successfully utilize GHS 6 Billion 2019 Extra Budget cash recently approved by parliament on Redevelopment.

The 2019 budget was appropriated by parliament in 2018 of an amount of about GHS 78 billion. And in the half way the Minister of Finance Mr Ofori Attah demanded some more spending of about GHS 6 billion totalling GHS 85 billion Budget for the 2019 fiscal year.

The said Extra budget cash of GHS 6 billion will be spent in the key areas of; Security, Infrastructure, Energy and Agriculture.

Minister of information, Mr Kojo Oppong Nkrumah said “government is committed to successfully deliver the 2019 reviewed budget to the people of Ghana” in the key areas of Security, Infrastructure, Agriculture and Energy”.

Security

The minister said, Ghanaians have raised much concerns about the nation’s security right from the beginning of the year 2019.

President Nana Addo administration has shown commitment by retooling the security agencies, the Police Service and the Military.
The agencies are regularly seen on recruiting some more personnel to beefing up the security in the country.

Part of the GHS 6 billion would be invested in the security in order to improve it so as to add value to the protection of Ghanaians hopefully before the close of the fiscal review.

Infrastructure

Government has spent hugely on and delivered extensively in social protection programs as a result of infrastructure that every Ghanaian is concerned about.

The Minster said though Government looks forward to construct a lot more of roads, create jobs, increase the country’s income or revenue, however a “government also expect use part of the GHS 6 billion to deliver infrastructure of value across the length and breadth of this country”.

Agriculture

Agriculture is one of the major employers and among the major driven foreign exchange earners for the nation.
Therefore “a chunk of the GHS 6 Billion 2019 extra budget is going into Agriculture and it is expected that we will be able to support our farmers”.

Production has grown up through government interventions of; Planting for Food and Jobs, Planting for export and Rural Development, Rearing for Food and jobs.

Government therefore, is optimistic to invest and deliver more of the fund into the interventions and as food comes in abundance, their prices will depreciate, this will help government to control the high inflation rate and other external factors.

Energy

Mr Oppong Nkrumah said the energy sector has eaten a chunk of the Ghana’s money.
It has aa well delivered very high liabilities so therefore it is very crucial that government raises a lot of cash to tighten up the liability gaps in order to seize ‘dumsor’ forever.

By: Joe Marfo, Kumasi

271

Trending Stories

2019 Budget Review: Government Pledges to utilise GHS6 Billion Extra Budget on Redevelopment

Minister of information, Mr Kojo Oppong Nkrumah

Government has pledged to successfully utilize GHS 6 Billion 2019 Extra Budget cash recently approved by parliament on Redevelopment.

The 2019 budget was appropriated by parliament in 2018 of an amount of about GHS 78 billion. And in the half way the Minister of Finance Mr Ofori Attah demanded some more spending of about GHS 6 billion totalling GHS 85 billion Budget for the 2019 fiscal year.

The said Extra budget cash of GHS 6 billion will be spent in the key areas of; Security, Infrastructure, Energy and Agriculture.

Minister of information, Mr Kojo Oppong Nkrumah said “government is committed to successfully deliver the 2019 reviewed budget to the people of Ghana” in the key areas of Security, Infrastructure, Agriculture and Energy”.

Security

The minister said, Ghanaians have raised much concerns about the nation’s security right from the beginning of the year 2019.

President Nana Addo administration has shown commitment by retooling the security agencies, the Police Service and the Military.
The agencies are regularly seen on recruiting some more personnel to beefing up the security in the country.

Part of the GHS 6 billion would be invested in the security in order to improve it so as to add value to the protection of Ghanaians hopefully before the close of the fiscal review.

Infrastructure

Government has spent hugely on and delivered extensively in social protection programs as a result of infrastructure that every Ghanaian is concerned about.

The Minster said though Government looks forward to construct a lot more of roads, create jobs, increase the country’s income or revenue, however a “government also expect use part of the GHS 6 billion to deliver infrastructure of value across the length and breadth of this country”.

Agriculture

Agriculture is one of the major employers and among the major driven foreign exchange earners for the nation.
Therefore “a chunk of the GHS 6 Billion 2019 extra budget is going into Agriculture and it is expected that we will be able to support our farmers”.

Production has grown up through government interventions of; Planting for Food and Jobs, Planting for export and Rural Development, Rearing for Food and jobs.

Government therefore, is optimistic to invest and deliver more of the fund into the interventions and as food comes in abundance, their prices will depreciate, this will help government to control the high inflation rate and other external factors.

Energy

Mr Oppong Nkrumah said the energy sector has eaten a chunk of the Ghana’s money.
It has aa well delivered very high liabilities so therefore it is very crucial that government raises a lot of cash to tighten up the liability gaps in order to seize ‘dumsor’ forever.

By: Joe Marfo, Kumasi

271

Trending Stories

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