He was formerly deputy editor of ... MediaToday is an independent media house based in Malta. That is the care we promised Ghanaians! Mr. Speaker, I am in awe of what God has done in the last four years.
It is about knowing how to grasp the problems, the expertise to find solutions, the courage to take bold decisions, the conviction to stay the course, the competence to get it fixed, the compassion to cushion the impact on the people, and the vision to create new and transforming opportunities for the people out of the situation.
Kufuor got us to completion point in record time and came out of. The cap was last reset at Autumn Budget 2017, following the OBR’s judgement that the government had successfully met the terms of the welfare cap set at Autumn Statement 2016. All these efforts have been made to formalise the economy and improve its global competitiveness. He was the Labour mayor of Żabbar between 2006 and 2009. The request was made when Finance Minister Ken Ofori-Atta appeared in Parliament on Wednesday, October 28, 2020. Total expenditures, including arrears clearance, on the other hand, amounted to GH¢71.3 billion against a target of GH¢70.0 billion showing a deviation of GH¢1.3 billion or 1.8% from target.
3. Mr. Speaker, the details of the expenditure are as follows: Mr. Speaker the 2020 Fiscal Framework which increased the fiscal deficit from 4.7 percent of GDP to 11.4 percent in the 2020 Mid-Year Review. We must be thankful to God for these encouraging developments. Mr. Speaker, these flagship programmes have created the platform for real economic transformation; strengthening human capital through enhancing access to health care, education and skills development, modernizing agriculture and industry, delivering infrastructure across the country – including a revitalised railway sub-sector – and creating jobs.
Mr. Speaker, in our quest to stabilize the economy, we have also lowered the rate of debt accumulation, re-profiled our debt, and, implemented a number of structural reforms in a transparent manner for an efficient and effective management of public debt.
Right Honourable Speaker, in conclusion, I humbly request this august House by resolution to approve an amount of GH¢27,434,180,520 (Twenty-Seven Billion, Four Hundred and Thirty-Four Million, One Hundred and Eighty Thousand, Five Hundred and Twenty Ghana Cedis) as Expenditure in Advance of Appropriation to carry on the services of government until the expiration of three months from the beginning of the 2021 Financial Year. Kurt Sansone is Online Editor of www.maltatoday.com.mt.
2. Earlier in March, President Akufo-Addo told the nation ‘we know how to bring the economy to back to life. Ironically, those who mismanage the economy for us to come and fix it are the one’s wishing Ghana ill. My message to them is this; there is no turning back.
Mr. Speaker, the Ministry of Finance will submit a more detailed 2021 Budget Statement and Economic Policy of Government to this august House by March 2021.
HIPC is behind us. Mr. Speaker, in 2001, Ghana had no choice but to swallow her pride and to sign up to the HIPC initiative, a legacy left by the outgoing NDC government. 111 district hospitals programme. These houses were largely constructed and supervised by local contractors and consultants under the, National Mortgage and Housing Fund Scheme (NMHFS). Mr. Speaker, our efforts to protect lives and preserve livelihoods, coupled with the impact of the pandemic on revenues and expenditures resulted in a fiscal deficit of 11.4% of GDP. iv. It will cover the first quarter of the 2021 financial year.
Government has also instituted various security measures to ensure that we have peaceful elections and effectively contain all threats. announced. I am confident that the Lord will repay us for the years the locust has eaten and pour out his spirit on all of us. 5 Grants to Other Government Units 4,340,216,517 Not only have we accomplished the miraculous economic turnaround, we have also gathered our 12 baskets leftovers to begin the implementation of our GH¢100 billion.
Specifically, we will continue to implement measures that will result in significant improvements in business regulations and their implementation, digitisation to improve quality and transparency of public service delivery, expanding access to finance for Ghanaian businesses, skills training, and energy sector reform when Ghanaians give us another mandate to ensure that Ghana goes beyond aid.
Mr. Speaker, I feel truly blessed and have such gratitude to God for the opportunity to have been here in these past four years to work for President Akufo-Addo and to present the President’s remarkable, destiny-changing, economic regenerating, institutional renewing policies and programmes. We expect growth to rebound strongly in 2021 at 5.7 percent as a result of our implementation of the Transformation and Revitalization phase of the Ghana CARES (Obaatanpa) Programme. maintaining an average fiscal balance below a 5% of GDP, threshold between 2017 and 2019 as compared to an, iv. This means that after 4 years in office, the Mahama administration managed to achieve an unenviable record of reducing the Ghanaian Economy by nearly 10 Billion USD.
We must be thankful to God for these encouraging developments.
The total amount is to cover Government operations, such as Compensation of Employees, ex gratia awards, Interest and Amortization payments, transfers to Statutory Funds, critical programmes and Goods and Services, and Capex allocations of MDAs. Mr. Speaker, we expect that our digitalisation programme in the public sector will improve efficiency and enhance the delivery of service. 4 Subsidies 259,087,194 1 Compensation of Employees 7,708,960,148