Government is hopeful of medium term brighter prospects for the nation next year as it works through the transformational agenda, with access to oil and gas revenue.
The Government also promises to put in place measures to boost Ghana?s foreign exchange resources and maintain exchange rate stability even after the IMF programme.
It also expects to employ risk management tools, smoothen forex flows and increase value addition through diversification and effective tariff classification and variation.
In a budget statement for 2015, presented by Mr Seth Terkper, Minister of Finance on the floor of Parliament on Wednesday, Government was hopeful that its financial and economic measures would address the structural and fiscal weaknesses, improve the fiscal situation and create an enabling environment for increased local production and an expansion of the economy.
Titled: ?Transformational Agenda: Securing the Bright Medium Term Prospects of the Economy,? the financial policy statement, the abridged version of which the Minister took more than two hours to read, focused on stability measures, new rules and systems to strengthen Government?s expenditure management.
?We believe that the measures we have outlined in this budget to address the structural and fiscal weaknesses, will lead to an improved fiscal situation, strengthened rules for PFM, and create an enabling environment for increased local production and an expansion of the economy.
?Mr Speaker, I wish to renew government commitment to the people of Ghana that with this budget, we will stabilise the economy through measures that are beginning to bear fruits,? Mr Terkper said.
He added that the Government would introduce new rules and deploy systems to strengthen expenditure management notably in pay roll management which would reduce waste and corrupt practices as well as facilitate the application of sanctions.
Mr Terkper said the Government would strengthen state institutions and improve the governance of the country.
According to the Minister the Government would introduce new rules and deploy systems to strengthen expenditure management notably in pay roll management which would reduce waste and corrupt practices as well as facilitate the application of sanctions.
The Government would also build the 50 secondary schools and begin the progressively free education programme it promised.
Mr Terkper gave the assurance of Government that it would expand health facilities and complete a number of roads and water systems started.
On poverty reduction programmes, the Minister said the Government would provide cash grant to more than 150,000 households and more than 400,000 individual beneficiaries ?so that the extremely poor will not go to bed hungry?.
With and assurance to ?increase opportunities for Ghanaians to have a better life,? the Minister enlisted the support of Parliament and Ghanaians to work together to achieve the goals of promising medium term opportunities.
GNA
