The Government under President Akufo-Addo in 2017 chalked a historic feat in the macroeconomic sector by achieving its Fiscal Deficit Target.
This is the first since 2006.
A visibly elated Dr. Bawumia said the "achievement was historic", expressing gratitude to government appointees for their diligence.
The Government created fiscal space by capping of earmarked funds to 25% of government revenue and realigning expenditures to government priorities, the Vice President of the Republic, Dr. Alhaji Mahamudu Bawumia, disclosed at the opening of the 2018 New Year School and Conference at the University of Ghana, Legon on Monday, January 15, 2018.
“No government has been able to do this even though many have expressed the intent to," the Vice President noted in relation to the capping initiative.
According to him, the government stayed current and focused on payments to statutory funds such as GETFund, NHIS, DACF, SSNIT, Road Fund in 2017 while paying arrears inherited from the previous Mahama administration.
He added that the government also validated arrears inherited for the Statutory Funds, Capex, Compensation, and goods and services at the end of 2016 which amounted to GH¢3.1 billion. About two-thirds of the total arrears was statutory, adding out of the total, the government has paid GH¢1.45 billion in 2017.
"In fact, in just one year we have paid almost half of the arrears accumulated by the NDC government while staying current on existing obligations,” Dr. Bawumia emphasized.
He further added, "it was in this regard that I find it amusing that some latter day saints are asking government to pay arrears owed to contractors after recklessly accumulating the arrears in the first place and not paying it themselves."
The 69th edition of the New Year School and Conference is under the theme: “Job Creation for Accelerated National Development: The Role of the Private Sector” and is scheduled to end Friday, January 19, 2018.
Source: Peacefmonline.com
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Massa, the figures may look good in your eyes. But the reality is that my condition is just the same as when the previous administration was in power. Your circumstances have change so you have shifted the narrative from prices of goods and have decided to use statistics to champion your course. Truth be Told - We are same as we were since 2012. Politicians will remain politicians. Crooks, cheats, gold diggers & very deceptive.
There is no where dollar is sold at GH¢5.00. Stop deceiving yourself
Look at what your bitterness has done to you. MPP paaaaaaaaa, are you correct. Mutumbanza patriotic party (MPP).
What is the matter with these NDC GOONS -Kwarrra !!!!!;the NDC goverbnment left a huge deficit for the MPP government to clear ; idiotic fulls like you may not understand how an economy works because you can only spend what you have got and if you spend more than you have inflation will rise and the exchange rate will start rising besides not until the macro-ecopnmic indicators start showing surplus you cannot spend because Jon Mahama and the NDC stole the the cash and invested abroad ; buying mansions ; holidaying in Dubai and you stooooopisd ***barred word*** like you were following this northner full and thiff shouting 'EDEbe Ke3K3';who went to the IMF and placed restriction on employment in Ghana ; was it not Jon Mahama and the NDC and so why are you guys complaining about unemployment ; how can you start build when the fundamentals of the economy is not right ; how can you pay contractors when they have don a shoddy work and when can you pay contractors when there were non existent roads built and fake contracts award ; why should Nana Addo pay for fake contracts which does not exist ; and for creation of employment ;why did not the NDC after 8 years in government create jobs for the youth ; Nana Addo has been in government for only one year and you expect him to create 84,000 jobs for the youth ; NDC was creating another Ghana abroad by stilling and building in Dubai so they can go and enjoy with their families and you iditic fulls foiollow them like donkeys.
mutumbanza stop that noise fulani are kiling Ghanaians and you continue the lies
Hahahhahahahha...you blast paa oooo! Paa Kwesi is relaxing at Busia Beach (DONT DISTURB HIM!)
This is the same person who was going round campaigning that Ghanaians are not interested in SCHOOL ECONOMICS but they rather wants their lives better. Someone should ask him, whether Ghanaians are eating these cooked figures he is putting out there. How has the so called record broken reflected in workers pocket. He thinks Ghana is for the rich only and those politicians dissipating state funds for themselves. Does he care about 84000 youth applying for immigration officer job seeking only 500 persons? Instead of solving major economic security problems he is still tickling himself and laughing. Pathetic. One year in government, they keep blaming others for their failures, but claiming credit for good things done as foundation by the previous govsrnemt.
Please build roads too and lets see. You are not spending and not building any infrastructure and you are there talking. Start spending and see.Comot there.
Bawumia the political novice at it again. This toddlerrr of a politician who has been sidelined is still lying to seek attention. Wud NPP allies such as peacefm and the likes tell this baboooon that campaign time is over!
Where is Paa Kwesi ooo, one more question has been added to your 170 unanswered ooo...come and remove your mouth please.