The Finance Minister of Ghana, Ken Ofori Atta today, November 15, presented the 2019 budget statement and Economic policy for the 2019 fiscal year, which is in accordance with article 179 of the 1992 constitution of Ghana.
The budget, christened “post-IMF budget” however did appear not to have touched on the major concerns of the Sissalas in the Upper West region who wanted most of their over one thousand highway and feeder roads which are in deplorable state addressed.
On the proposed roads and infrastructure undertaking plans in the budget, Upper West region will see road constructions on Lawra-Han-Tumu, Lawra-Bupei and Chuchuliga-Sandema roads this year, however, failed to capture the major road-networks linking Tumu to Wa and Tumu to Bolgatanga, which, for long now, has been the dire need of the people. The disappointment did not end there, the 5 proposed factories in the last year’s budget did not also receive any reiteration in the 2019 buget presentation. It then question the installments government has for them in 2019.
Meanwhile, speaking on the growth statistics of the country, Finance Minister indicated an inflation drop from 15.4% to 9.5%, agricultural growth of 8.4%, Ghana’s debt decline from 73% since 2007 to 67.3% in 2018 and among others. He also revealed that 80% of DKM customers were addressed. Ken Ofori-Atta further enumerated new things and also reiterated some undertakings government intends on, which include the establishment of a billion mortgage and housing fund, rearing of livestock for Foods and Jobs, securing of $1.5bn for GETFUND and among others.
The total 2019 expenditure was estimated at 73.4 billion Cedis including clearing of areas, with 19.4 billion Cedis on wages and salaries of workers this year.