6.3 C
New York
December 9, 2019
The Republic
  • Home
  • News
  • 2019 budget brings Economic Respite to Ghanaians – Wa East MP
News Politics

2019 budget brings Economic Respite to Ghanaians – Wa East MP

Hon Godfrey Tangu Bayon, Member of Parliament for Wa East has expressed confident that the 2019 budget would bring significant economic respite to Ghanaians.

According to him, it would be the first time a budget would not be under the restrictions of the International Monitory Fund (IMF), thus government could implement policies in the interest of the citizenry.

Mr Boyon was commenting on the 2019 budget statement delivered by Finance Minister, Ken Ofori Atta in Parliament last week Thursday November 15.

He told THE REPUBLIC in an interview that, the 2019 budget which would be focusing heavily on infrastructure and employment would inspire hope among Ghanaians.

The Minister for Finance, Mr. Ken Ofori-Atta, told parliament government has targeted to grow the economy by 7.6 percent in 2019, achieve single-digit inflation of 8 percent, fiscal deficit of 4.2 percent of Gross Domestic Product (GDP) and primary surplus of 1.2 percent of GDP.

According to him, government is also going to invest massively in road, railways and air transport, from a variety of funding sources.

“Mr. Speaker, infrastructure, both hard and soft, is the backbone of economic development and growth, as well as a source of jobs and wealth for a majority of people. In a rapidly changing global marketplace, traditional infrastructure like electricity and power, transport and logistics, water and sanitation, roads, highways, and railways have combined with new, mostly soft infrastructure like digitisation of government services to enable emerging economies like ours leapfrog the development path to prosperity.”

He added, “Mr. Speaker, this Government, is committed to embarking on an integrated infrastructural development programme across the country that will move goods, food items and people from one location to another that will create jobs and prosperity and ensure value for money for Ghana as well as position Ghana as the transportation, energy and logistics hub in the region.”

This, Mr Bayon, who is chairman for Poverty Reduction Committee of parliament said, the new policies measures announced in the budget including the need to broaden the tax base to rope in more Ghanaians is the best way to relief the economic stress inherited from the NDC administration.

The MP said the budget is brilliant and an indication that the country is on the right track to economic recovery.
He described the Free Senior High School and the Nation Builders Corp (NaBCo) as some of the intervention policies that sought to free parents from hardship and also reduce unemployment.

The budget, Mr Bayon said is one of the inspiring budget with hope of development and economic emancipation and called on Ghanaians to support the government to deliver.

it is also the expectation of the Wa East MP that the budget would improve the health sector, especially the National Health Insurance Scheme (NHIS) to improve healthcare delivery in the rural areas.

Source: therepublicnewsonline.com/Felix Nyaaba

Related posts

SONA 2019: Akufo-Addo presented Brighter Future to Ghanaians – Ahanta West MP

Felix Nyaaba

President Akufo Addo Speech At The UN

Felix Nyaaba

Adabraka Mantse Lauds Dr Zanetor’s Vision For Klottey Korley

Felix Nyaaba


Leave a Comment