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During the 2024 budget presentation on Wednesday, November 15, the finance minister briefed the parliament on the government’s fiscal growth strategy.
Honorable Ken Ofori Atta said the fiscal growth strategy is in line with the government’s five-year strategic growth plan, which was approved by the cabinet in August 2023. There will be a fourteen-month program included in the strategic plan. “the first phase, which is a 14 month programme, essentially focuses on scaling up and prioritizing existing program and attracting private sectors investment to deliver rapid result without a significant demand on budgetary resources’’ The growth strategic keys priorities the sector of economy including agriculture ,agribusiness, aquaculture, Trade and industry, export promotion, tourism as well as digitalisation and technology.
“The recently launched Ghana Mutual Prosperity Dialogue will support this path of growth. A permanently steering and technical committees co-led by the ministry of finance as well as trade and industry, and the private sectors and the supported by our development partners is being set up to drive this collaboration for growth,” he pledged.
Therefore, the growth strategy is to support the implementation of intervention that increases our capacity to produce, deepen value-chains facilities, modernize storage facilities, and increase the shelf-life of products.
“These improvement are expected to help support exports, build forex exchange buffers and reduce inflation ‘’. He said.
Reported by Jessica Okai