Kojo Oppong Nkrumah, the Minister of Information says Wednesday’s budget to be presented by Ken Ofori-Atta is expected to find ways to support young Ghanaians to fuel their business ideas.
In a Facebook post on Wendesday, Oppong Nkrumah said, “Today is expected to be a good day for young Ghanaians looking for support to fuel their business ideas.
“We look forward to some relief for road vehicle users, while at the same time equitably raising revenues to speed up the fixing of our roads.”
He added, “Local industry can expect measures that will make their products more competitive while dealers benefit from same measures to source the same products locally.”
Expectations
The 2022 Budget Statement and Economic Policy of Government will focus primarily on reducing unemployment and expanding on the economy’s recovery from the COVID-19 pandemic, the Ministry of Finance has said.
Finance Minister, Ken Ofori-Atta has indicated that the 2022 Budget will be heavy on job creation and entrepreneurship.
Ofori-Atta has said the government is committed to putting in place those measures that will help deal with the unemployment situation in the country as well as recent challenges with the employment of fresh graduates for the public sector.
The 2022 Budget is also expected to focus heavily on fiscal consolidation, empowering the private sector to employ more and widening the tax net.
In a statement, the ministry said the Budget will also focus on import substitution, digitisation of the economy, skills development and entrepreneurship, among other points.
“In accordance with Article 179 of the 1992 constitution and Section 21 (3) of the Public Financial Management Act 2016 (Act 921), the Minister for Finance, Ken Ofori-Atta, will, on behalf of the president, lay before Parliament the 2022 Budget Statement and Economic Policy of Government on Wednesday 17 November 2021,” the ministry said.
“The Budget will primarily focus on expanding on the economy’s recovery from the COVID-19 pandemic, as well as creating a climate-friendly entrepreneurial state to address unemployment and import substitution.
“Digitalisation of the economy, skills development and entrepreneurship will also feature prominently in the presentation,” it also said.
Asaase Radio 99.5 – tune in or log on to broadcasts online
Follow us on Twitter: @asaaseradio995
#asaaseradio #TVOL
