The Minister for Finance, Ken Ofori Atta has said the government is working quickly with a consorted plan and commitment to addressing the current economic downturn of the nation.
Appearing before the Parliament’s Ad hoc committee probing the Minority’s motion of censure against him on Friday, November 18, 2022, Mr. Ofori Atta stated, “The Ministry of Finance and I are working hard, 24/7, to quickly restore market confidence and ensure economic growth.”
He added, “We’re nearly through with the IMF negotiations, I’m confident that once we conclude our debt sustainability program and secure a fund program the nation will not just see a stability of fiscal space that can spare us back onto a sustainable economic recovery and growth – we should endure considering the investment we have made in all sectors”.
“Under my tenure as Minister of Finance, I have overseen some great strides in the development of Ghana and the improvement of the lives of the Ghanaian people.”
According to him, we are being tested as a nation and our circumstances require a united and concerted response to the crisis, thereby, calling for everyone to take the mantle and speak a common language.
“Let us all work as one country to support labour negotiations, find a solution to the impasse in Parliament and rise above witch-hunting and entrapment. These are not ennobling and progressive for a society seeking transformation” he implored.
Mr. Ken Ofori Atta argued that the country has faced economic challenges since independence and believes the nation has always come through each of them stronger and better than before.
Fiscal recklessness
Meanwhile, the Minister of Finance in his response to the allegations of engaging fiscal recklessness by proponents denied being reckless in managing of the country’s finances.
He argues that he has as required of him always presented government revenue and expenditure propositions to Parliament, who have in turn raised no concerns, emphasizing on the contrary, the government’s “strenuous efforts to protect the public purse is what has helped”.
