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  • Writer's pictureNana yaw Dynamic

I won’t sign cheque if expenditure doesn’t fall in line with budget – Ofori-Atta

The Finance Minister, Ken Ofori-Atta, has accentuated his devotion to financial discipline, promising to keep away from spending plan overwhelms in 2024 paving the way to the December elections.

He emphasized the need for fiscal prudence as he considered the drop in inflation from 54.1% in December 2022 to 23.2% in December 2023, stating that the Ministry of Finance places the welfare of the nation ahead of popularity.

The money serve recognized the Bank of Ghana's endeavors in using financial arrangement apparatuses to control expansion, underlining his refusal to approve use misalignments with the spending plan.

"We have moved expansion from more than 54.1% in December 2022 to around 23.2% in December 2023 and you feel that didn't accompany practicing some financial reasonability? On January 18, 2023, he stated to George Wiafe on PM Express, Business Edition, "The Ministry of Finance is not here to be loved; rather, we are here to ensure that

the community crosses the Jordan."

"We need to guarantee that the right things are finished proceeding as a country. In the event that the consumption doesn't conform to the financial plan, I won't sign the check", he said.

He avowed the public authority's commitment to severe adherence to monetary arrangements, endeavoring to accomplish targets illustrated in the 2024 financial plan.

Helping government authorities to remember the significance of financial judiciousness, Ofori-Atta uncovered severe measures taken to contain spending, adding to the decrease in expansion.

Notwithstanding the difficulties presented by a political race year, he communicated trust in keeping up with financial discipline and accomplishing the long term end expansion focus of 15%.

Hopeful about Ghana's IMF program, Ofori-Atta addressed the trouble in acquainting new expense measures with help income, refering to the need to address the nation's duty to-Gross domestic product proportion. While perceiving the difficulties, he communicated trust in the public authority's obligation to financial soundness and monetary obligation.


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