• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Gov’t to intensify expenditure rationalization in third and fourth quarters – Finance Minister

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
1
413
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Gov’t to intensify expenditure rationalization in third and fourth quarters – Finance Minister 

Minister of State at the Finance Ministry, Abena Osei Asare, in a keynote address delivered at the inaugural Quarterly Economic Roundtable, stressed Government’s unwavering commitment to fiscal discipline and expenditure rationalisation.

Representing the Finance Minister Dr. Mohammed Amin Adam, she emphasized efforts to eliminate unbudgeted expenditures, particularly in the third and fourth quarters of this election year.

The Minister of State speaking at the Roundtable, highlighted that fiscal discipline is the bedrock of macroeconomic stability, reaffirming the government’s resolve to implement measures aimed at reducing deficits and managing public debt sustainably.

“There is always a high demand for governments to overspend but we are committed to rationalizing and containing expenditures, especially in the third and fourth quarters particularly in view of the general elections to ensure that unbudgeted related expenditures are kept to the very minimum or eliminated,” she quipped.

“The foundation of macroeconomic stability is fiscal discipline and we are committed to implementing stricter fiscal policies to reduce deficits and manage the public debt sustainably,” she added. 

Ms. Osei Asare also emphasized the importance of transparency in public finance management, pointing to the implementation of the Public Financial Management (PFM) Act and enhanced accountability mechanisms as key initiatives to ensure the efficient use of public funds.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Touching on the country’s high inflation rate of 23.2%, she stated that controlling inflation is critical for protecting the purchasing power of Ghanaians and that the Bank of Ghana continues to pursue good monetary policy measures to deal with the country’s high inflation.

Ms. Osei Asare in her remarks further highlighted the government’s strategic focus on reducing Ghana’s vulnerability to external shocks by promoting investment in pivotal sectors such as agriculture, manufacturing, and technology.

Adding that flagship programmes like Planting for Food and Jobs and One District One Factory are central to this strategy aimed at fostering industrialisation, job creation, export enhancement, and bolstering economic resilience.

The Quarterly Economic Roundtable initiative aims to bridge the gap between policymakers and academia, promoting research-driven and evidence-based policy formulation.

The inaugural event focused on the theme “Restoring Macroeconomic Stability,” and addressed critical issues such as debt, fiscal and monetary policies. Distinguished panelists from the government, academia, and civil society led in-depth discussions on these issues.

The panels delved into the role of fiscal policy in macroeconomic stability, the implications of debt management, and the central bank’s inflation-targeting regime, exploring comprehensive measures to stabilise the cedi.

Tags: 2024 Elections: Gov't to intensify expenditure rationalization in third and fourth quarters - Finance Minister

Comments 1

  1. Imoro Ibrahim says:
    1 year ago

    lom

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.