The newly appointed Finance Minister, Dr. Mohammed Amin Adam, has said that government will proceed with the implementation of the pro-poor policies outlined in the 2024 budget.
He said, in addition, the proposed tax reliefs will also be granted to make life more bearable for the ordinary Ghanaian.
“If you look at the budget that was presented this year, there were a number of pro-poor initiatives, and I do not intend to depart from those pro-poor initiatives. And I will ensure that business follows as usual as it should. We will make sure that we move faster to implement the tax reliefs that were made in the budget and I am going to make sure the poor are insulated.”
Dr. Amin Adam took over from his boss Ken Ofori-Atta after ministerial reshuffle announced by President Akufo-Addo on February 14.
He also emphasized the government’s determination to remain committed to working with the IMF to revive the economy.
Full text: Abridged and simplified version of the 2024 budget statement
“It is important to note that we are under an IMF programme and I want to assure the IMF and the business community that I will ensure that the programme remains on track. I will work to ensure that the programme does not suffer.”
Dr Adam made these comments in an interview on Citi FM, Thursday, February 15.
Ghana’s IMF bailout comprises a set of policies and reforms meant to improve economic stability, enhance growth, and facilitate a favourable environment for sustainable development.
The programme includes measures to curb inflation, decrease budget deficits, and foster economic resilience.