• 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

Ken Ofori-Atta reiterates government’s commitment to protecting the public purse

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
69
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ken Ofori-Atta reiterates government’s commitment to protecting the public purse

Finance Minister Ken Ofori-Atta, has recently spoken out about the government’s commitment to fiscal responsibility, and protecting the public purse through expenditure controls and proper tax collection. In a recent interview, Ofori-Atta emphasized the importance of learning from the country’s past economic challenges and spending only what is earned, rather than the other way around.

The government’s focus on fiscal management and responsible spending is of utmost importance in Ghana’s current economic climate, where the COVID-19 pandemic has led to significant revenue shortfalls and increased spending on health care and social programs. According to Ofori-Atta, the government is doing the right thing and is on the right path with respect to fiscal management, despite the challenges posed by the pandemic.

As part of the government’s efforts to protect the public purse, Ofori-Atta stressed the need for expenditure control commitments, raising revenue, and ensuring that the government spends what it earns. These measures are critical for Ghana to navigate its current economic challenges and continue on a path of sustainable growth and development.

However, the road ahead is not without its challenges. One major issue facing the government is the need to balance its revenue needs with the demands of its citizens, particularly those in rural areas and low-income households. With many Ghanaians already struggling to make ends meet, any increase in taxes or cuts in social programs could have a devastating impact on the most vulnerable segments of the population.

To address these challenges, the government is looking to diversify its revenue streams and promote private sector investment in key sectors of the economy, such as agriculture and manufacturing. This includes the implementation of policies and programs that incentivize private investment and promote entrepreneurship, particularly among young people.

Another important aspect of the government’s fiscal policy is the need to ensure transparency and accountability in public spending. This is critical to building public trust and confidence in government institutions, particularly in the wake of recent corruption scandals that have rocked the country.

RelatedPosts

Policy Inconsistencies, Underinvestment Undermining Ghana’s Oil Revenue Growth – Prof Lord Mensah

GSE Composite Index Declines as Market Capitalisation Falls to GH¢168.02bn

European Football’s Power Shift: The Rise of the EFC

To this end, the government has implemented a number of measures aimed at promoting greater transparency and accountability in public spending, including the establishment of an independent Special Prosecutor’s Office to investigate and prosecute corruption cases, and the implementation of a public financial management system that promotes greater oversight and control over government spending.

Despite these efforts, Ghana’s fiscal challenges remain significant. The country faces mounting debt levels and an urgent need to address structural issues that have hampered economic growth and development for decades. However, with a renewed focus on fiscal responsibility and prudent spending, coupled with efforts to diversify the economy and promote private sector investment, Ghana is well-positioned to weather the current economic storm and emerge stronger and more resilient in the years to come.

Tags: Ken Ofori-AttaKen Ofori-Atta reiterates government's commitment to protecting the public pursethe public purse
No Result
View All Result

Highlights

Atlantic Lithium Discovers New High-Grade Spodumene Pegmatite Occurrences in Côte d’Ivoire

UEFA Champions League Matchday 3: Key stats and what to look out for in every game

GPL: Gold Stars ends Heart of Lions’ Unbeaten run as Karela hold Eleven Wonders in Swedru

BudgIT Ghana Calls for Deeper Reforms Following 2024 Open Parliament Index Release

Global Economy Undergoing Profound Transformation Amid Heightened Uncertainty, Says IMFC Chair

Fitch Solutions Revises Ghana’s 2025 Growth Forecast Upwards to 4.9% on Easing Inflation and Stronger Cedi

Trending

Business

Policy Inconsistencies, Underinvestment Undermining Ghana’s Oil Revenue Growth – Prof Lord Mensah

October 21, 2025

Policy Inconsistencies, Underinvestment Undermining Ghana’s Oil Revenue Growth - Prof Lord Mensah Financial Economist and Head of...

GSE Composite Index Declines as Market Capitalisation Falls to GH¢168.02bn

October 21, 2025

European Football’s Power Shift: The Rise of the EFC

October 21, 2025

Atlantic Lithium Discovers New High-Grade Spodumene Pegmatite Occurrences in Côte d’Ivoire

October 21, 2025

UEFA Champions League Matchday 3: Key stats and what to look out for in every game

October 21, 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.