By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Starrfm.com.gh
    Ablekuma North rerun: I’ll be surprised if NDC doesn’t win – Asiedu Nketia
    July 11, 2025
    Ablekuma North rerun: Hawa Koomson has met her meter – Victoria Cudjoe reacts to assault
    July 11, 2025
    ECG launches nationwide ‘All Must Pay’ campaign to recover customer arrears
    July 11, 2025
    Ablekuma North rerun: Bawumia calls out police over attacks on NPP members
    July 11, 2025
    Violence at Ablekuma North rerun as Hawa Koomson, NPP candidate assaulted
    July 11, 2025
  • Business
    BusinessShow More
    Mayekoo doubles donations to African causes with new matching fund campaign 
    July 10, 2025
    Government inaugurates new NIB board, announces plan to recapitalise bank
    July 9, 2025
    Ghana’s gold now powers cedi stability – President Mahama
    July 8, 2025
    VRA sets the benchmark in African public procurement
    July 8, 2025
    IMF Executive Board approves $370 million disbursement for Ghana
    July 7, 2025
  • Politics
    PoliticsShow More
    Starrfm.com.gh
    Ablekuma North rerun: I’ll be surprised if NDC doesn’t win – Asiedu Nketia
    July 11, 2025
    Sam George demands justice for Ayawaso attack amid Ablekuma North violence
    July 11, 2025
    Ablekuma North rerun: Hawa Koomson has met her meter – Victoria Cudjoe reacts to assault
    July 11, 2025
    NDC not behind Ablekuma North violence – Tanko-Computer disputes claims
    July 11, 2025
    ‘This isn’t the democracy we want’ – Bawumia over attacks in Ablekuma North
    July 11, 2025
  • Entertainment
    EntertainmentShow More
    Sim Majorley: Korea, Ghana to share cultures through stage production
    July 11, 2025
    I took a pause to gather strength- Kwesi Slay
    July 8, 2025
    Kinaata questions TGMA credibility over ‘Record of the Year’ snub
    July 7, 2025
    Ghana grows movie premiere ignites new thinking among youth in Ashaiman
    July 7, 2025
    “I will feature Sarkodie at the right time” – Kofi Kinaata
    July 6, 2025
  • Sports
    SportsShow More
    Tottenham secure Mohammed Kudus in high-profile transfer deal
    July 10, 2025
    Ghana, Nigeria share spoils in thrilling opener of 2025 WAFU U20 Boys Cup
    July 10, 2025
    Otumfuo rallies mining sector to support revamp of Ashanti sports facilities
    July 10, 2025
    Liverpool’s Ambitious Summer: Chairman Predicts Big Moves as Champions Build a Stronger Squad
    July 10, 2025
    Kofi Adams undertakes inspection of Baba Yara Stadium
    July 9, 2025
  • Technology
    TechnologyShow More
    Samsung Galaxy Z Flip7: A pocket-sized AI powerhouse with a new edge-to-edge flexwindow
    July 10, 2025
    Real Quantum Dot Technology in Samsung QLED TVs
    June 29, 2025
    GCAA and South Korea sign deal to advance Ghana’s Drone sector
    June 25, 2025
    Onafriq, PAPSS partner to launch cross-border payment services in Ghana 
    June 20, 2025
    Yellow Card, Visa partner to accelerate stablecoin adoption across emerging economies
    June 19, 2025
  • International
    InternationalShow More
    47th AU Forum: Ablakwa criticizes $1.2m AfCFTA allocation as ‘highly insufficient’
    July 10, 2025
    Minority demands audit over $1.2m passport relaunch cost and delays
    July 9, 2025
    Minority demands compensation for citizens stranded by US embassy closure
    July 9, 2025
    Foreign Minister Okudzeto Ablakwa and Chinese Ambassador Tong Defa sign $30 million grant agreement for Aflao market
    Ghana secures $30 million Chinese grant for Aflao market project
    July 9, 2025
    The end of USAID is not catastrophic for Africa – Dr. Brian Reuben
    July 8, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: 2017 Budget: We’ll not tolerate waste in gov’t spending – Ofori-Atta
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
BusinessHeadlines

2017 Budget: We’ll not tolerate waste in gov’t spending – Ofori-Atta

Starrfm.com.gh By Starrfm.com.gh Published March 2, 2017
Share
SHARE

Finance Minister, Ken Ofori-Atta, has pledged to clampdown on “inefficiencies and waste” in government spending, saying it will not be tolerated.

Presenting the government’s maiden budget statement Thursday March 2, 2017, he said the government will work to reduce the amount of government borrowing and the resulting crowding of the private sector.

The government, he said, will shift the focus of the country’s economic management from taxation to production.

“Ghana is ready because the people are ready. In NPP, Ghanaians have a government that is ready to work,” he stated, adding “We must trigger a national sense of urgency to fix our deficits [and] that we can’t borrow our way out of our challenges.”

Re-echoing president Akufo-Addo’s claims that the Ghanaian economy is in tatters, Mr. Ofori-Atta said that; “let’s acknowledge that we inherited a struggling economy in which we are all responsible.”

The country’s debt stock, he said reached an average of 73% of Gross Domestic Product (GDP) as at the end of 2016. The rate of economic growth slowed in recent years he indicated with the growth rate in 2016 being as low as 6.3%.

As a result, he said: “The economic challenges we face requires deliberate steps and the backing of Ghanaians. Our goal is to build the most business-friendly economy in Africa.”

He promised to strike a balance between fiscal consolidation and growth. Revenue administration, he noted remains a challenge promising that the Akufo-Addo government will strengthen tax administration and broaden the tax base.

Mr. Ofori-Atta said government will work towards diversifying the economy disclosing that: “Our medium-term policies will ensure better microeconomic outcomes”.

He said ensuring food security, quality education and effective social protection is part of government medium term objective.

You Might Also Like

Ablekuma North rerun: I’ll be surprised if NDC doesn’t win – Asiedu Nketia

Sam George demands justice for Ayawaso attack amid Ablekuma North violence

Ablekuma North rerun: Hawa Koomson has met her meter – Victoria Cudjoe reacts to assault

NDC not behind Ablekuma North violence – Tanko-Computer disputes claims

‘This isn’t the democracy we want’ – Bawumia over attacks in Ablekuma North

TAGGED:2017 BudgetKen Ofori Atta
Share This Article
Facebook Twitter Email Print
Share
Previous Article GOC Presidency: Nunoo-Mensah launches campaign
Next Article Gh¢252m earmarked to restore ‘allawa’ of 120k nurses, teachers

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?