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Ghana Hard But… ― Finance Minister Confesses

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The long-awaited ‘Enidaso’ turned ‘Mpuntuo’ Budget Statement, has finally reached the itching ears of an expectant Ghanaian populace―welcoming all sort of reactions―fear, excitement, confusion and at a point in time, boredom.

The Finance Minister, Ken Ofori-Atta, who mounted the reverend podium of the Parliament House, clad in customary white apparel and clutching his unmistakable briefcase said, the Akufo-Addo led administration has stabilised the economy so much that, the country will no longer return to trying times.

Though admitting that times are hard, the finance minister said, the achievements of the government under the 2018 budget will make it possible for the 2019 version to flourish.

It was obvious the minister’s words had a bearing on more than just facts and figures―his assignment included sharing some words of ‘hope’.

“These, Mr. Speaker are remarkable achievements which we are determined to build on in order to improve on the lives of Ghanaians.

“We shall no more, Mr. Speaker, return to Egypt again,” he assured while presenting the 2019 Budget yesterday.

The Budget

The submissions of Mr Ofori-Attah raised a critiquing roar from the Minority in Parliament, probably demanding more explanations to his assertions.

Responding to this, the minister said the 2019 budget, would allow for a smooth run of the economy.

For him, the budget is one that will deliver on the hopes and expectations of Ghanaians; a budget that speaks to the needs of hardworking Ghanaians and a budget that enables us to face the future with confidence.

He continued: “A budget that reflects Government’s commitment to building human capital through improvements in health and education; a budget that continues to deliver on job creation; a budget that provides opportunity for wealth creation; a budget that follows through on our promise to protect the public purse.”

Century Bond

Mr. Ofori-Atta, in his statement, further justified his intention to lead the country to subscribe to the rare Century Bond in 2019.

The Minister said, the ultra-long-term bond will aid in financing massive economic transformation in the coming year and beyond.

“The decision to raise these ultra-long-term bonds is not intended to derail our debts sustainability path, but rather to enhance it. If we really want to uplift ourselves out of this hand-to-mouth existence and put our country Ghana on a firm trajectory of growth and prosperity, we will need to source long term affordable financing to invest in strategic infrastructure over the medium to long-term,” he told Parliament.

By: Grace Ablewor Sogbey/ ksogbey@gmail.com

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