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Ofori-Atta: Government suspends purchase of imported vehicles

The Minister for Finance, Ken Ofori-Atta, says the move to cut back will help reduce the government’s dependence on foreign-made vehicles by 50%

Ken Ofori-Atta, the Minister for Finance, has announced that the government has suspended purchases of imported vehicles with immediate effect as one intervention to help reduce public expenditure.

Addressing a news conference on Thursday (24 March 2022) to announce a raft of government measures aimed at mitigating the current economic challenges, Ofori-Atta said the move will help reduce government acquisition of foreign vehicles by 50%.

i. Discretionary spending is to be further cut by an additional 10%. The Ministry of Finance is currently meeting with [ministries, departments and agencies] to review their spending plans for the rest of the three quarters to achieve the discretionary expenditure cuts;

ii. these times call for very efficient use of energy resources. In line with this, there will be a 50% cut in fuel coupon allocations for all political appointees and Heads of government institutions, including SOEs, effective 1 April 2022;

iii. with immediate effect, the government has imposed a complete moratorium on the purchase of imported vehicles for the rest of the year,” the minister said. “This will affect all new orders, especially four-wheel drives. We will ensure that the overall effect is to reduce total vehicle purchases by the public sector by at least 50% for the period,” he said.

Ofori-Atta also announced that fuel coupons to government appointees will be slashed by 50% with immediate effect.

Fred Dzakpata

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