[ad_1]
News from Sunday, March 31st, 2019
Source: clbadfmonline.com
2019-03-31
President Akufo-Addo
President Nana Akufo-Addo said that with the exception of one or two unfortunate incidents, "we were able to deal with" dumsor ", adding that legacy debts of 2.4 billion dollars inherited from the Mahama government are being erased and, therefore, "today, we are exporting energy to Burkina Faso, we will start over in Togo."
The provision of sustainable and reliable energy, said the president, is critical to the smooth operation of the bauxite, iron and steel industries created by his administration.
Speaking at a public meeting with members of the Ghanaian community on Saturday, March 30, 2019 in Worcester, Mbadachusetts, President Akufo-Addo said that the 16th program of the International Monetary Fund (IMF), concluded by the Mahama government in 2015, should be the last time Ghana has resorted to such a program aimed at restoring fiscal discipline in its economy.
He pointed out that the 2015 IMF program had to be launched because "the Mahama government had lost control of the management of the economy".
It was therefore necessary to go through the program to restore some discipline in Ghana's public finances.
"Even when they left office in 2016, the problem was still unresolved. But, by discipline, by an honest management of public finances, we have brought the situation back to where it should be. So we went out of the IMF program, "said the president.
He continued, "What I say to Ghanaians, to all of us, is that in the 62 years of our independence, it was the 16th IMF rescue program in which the country was engaged. This is the last time we are using an IMF program. "
President Akufo-Addo said: "We will now maintain discipline in the management of our public finances so that we never have to resort to an IMF rescue program."
In order to ensure that his government and successive governments "stay within limits," the president told the meeting that his government had pbaded the Fiscal Responsibility Act, which notably caps the budget deficit at 5 percent of the budget. GDP of the country. to a given year.
"We have also set up a Presidential Advisory Council headed by eminent and prominent Ghanaian economists who will advise the President on measures to ensure the maintenance of fiscal discipline. We will maintain fiscal discipline because it is on this basis that we can manage an economy in an intelligent and rational way and give investors the badurance that they can examine your economy and invest in Ghana ", he added.
According to President Akufo-Addo, current economic conditions in Ghana, coupled with the government's willingness to maintain fiscal discipline, explain why large global corporations have been prepared to move to Ghana.
"They all do it and make plans in Ghana because now the fundamentals of the economy are in the right place. The Ghanaian economy looks robust and is organized and managed in a disciplined manner, "said the president.
President Akufo-Addo reaffirmed his determination to rid the country, stressing that regardless of the outcome of the meeting between the New Patriotic Party and the National Democratic Congress, "legislation is in the process of banning it. still adopting the law on the self-defense system ".
Source link
