Finance Minister announces government’s expenditure reduction measures

Ken Ofori-Atta
Ken Ofori-Atta

The Minister of Finance Ken Ofori-Atta has announced measures President Nana Addo Dankwa Akufo-Addo’s Government will use to reduce the expenditure of the country. The measures focused on energy (fuel) and how to raise revenue to mitigate the economic challenges.

Speaking to the media today, the Minister of Finance mentioned one of the highest avenue that transfers monies to ghost. Ken said, a thorough and proper check will be mounted on the payrolls in other to eliminate ghost names. The ghost names are causing a financial loss to the country.

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Earlier in the news, Prof. Stephen Addei complained bitterly about how the government uses convoys in chains at in the hard times of the country.

The Finance Minister has also disclosed on the 50% cut on fuel coupon allocated to government appointees. The country is facing difficulties in handling the economy  therefore when a cut on fuel coupon is applied, much will be gathered to support the agenda of making Ghana rise again.

Subsequently, he included the 30% pay cuts for Ministers and Chief Executive Officers of State Owned Agencies leading a group and a nation is a sacrificial call for humanity.

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During this hard times of the country, Ministers are supposed to hear the cries of the ordinary Ghanaians hence, a cut of 30% from their monthly pays for a period of months can rescue the dying off nation’s economy.

Ken Ofori-Atta has also announced a complete moratorium on foreign travels except with prior approval as the government’s measures to mitigate the economic hardships in the country.

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Finally, he included the 10% cut on discretionary spending including moratorium on new public sector institutions by end April, 2022.

READ THE FINANCE MINISTER’S FULL STATEMENT  

SOURCE: Coverghana.com.gh

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