Minister of Finance and Economic Planning Ken Ofori-Atta has announced that the economy is about to witness the take-off of some major policies by government.
According to him, the first six months of the Akufo-Addo-led government was virtually used to lay the foundation of the take-off of the policies, promised during the 2016 electioneering period.
He said there was a marginal growth in the gross domestic product (GDP) within the first two quarters of the year, a good basis for the planned implementation of the New Patriotic Party’s programmes.
Mr Ofori-Atta made this known on Monday, when he delivered the mid-year review of the 2017 budget and economic policy.
He was in Parliament in line with Public Financial Management Act (2015), Act 921, which requires the Finance Minister to, not later than July 31 of each financial year, prepare and submit to Parliament a mid-year fiscal policy review.
Mr Ofori-Atta mentioned that new companies will be set up under the One-District, One-Factory (1D1F) policy from August, inspection and procurement processes for railway construction will also begin and the implementation of the Free Senior High School programme will be carried out, precisely in September.
“Mr Speaker, we are putting in place measures to strengthen revenue performance in order to achieve our objectives.”
He ultimately revised downwards the revenue target from 6.5 per cent to 6.3 per cent.
By Emmanuel Kwame Amoh|3news.com|Ghana