Mpuntuo Budget 2019: Gov’t Unveils GH¢73.4bn


Anfrebeats

  • News    /November 16, 2018/

  By: Anebo Fredrick

 

The government has devoted $2 billion in the 2019 Budget to the development

of infrastructural projects across the country to free up the country’s

economy and bring hope and prosperity to Ghanaians.

The government is hoping to spend GH¢73.4 billion in the 2019 fiscal year in the budget titiled, ‘Mpomtuo’

(development).

The Finance Minister, Ken Ofori-Atta disclosed this in Parliament during the presentation of government’s 2019 Budget Statement and Economic Policy said, the huge investment to improve  the country’s

infrastructure is unprecedented in the history of the Fourth Republic.

The finance minister said the government had targeted a total revenue of GH¢58.9 billion in 2019

while its total expenditure had been pegged at GH¢73.4 billion, including the clearance of all outstanding arrears.

He said, the government would also use GH¢19.4 billion to pay wages and salaries in 2019,

with capital expenditure moving to GH¢8.5 billion, which is 55 per cent over last year’s capital expenditure.

 

He added that, government is committed to embarking on an integrated  infrastructural development

programme across the country that will create jobs and prosperity and ensure value for money for

Ghana, as well as position Ghana as transportation,energy and logistics hub in the sub-region.

Mr. Ken Ofori-Atta explained, since infrastructure is the backbone of economic development,

traditional infrastructure like roads, highways, electricity, water, sanitation, bridges and logistics

have combined in a rapidly changing global marketplace with new mostly soft infrastructure

like digitization of government services to enable emerging economy like Ghana  to leapfrog the development path to prosperity.

 

The finance minister said the dualisation of the Accra-Kumasi Highway and the Accra-Takoradi

Highway would be undertaken while the almighty Accra-Tema Motorway would also be

constructed together with most deplorable roads in the capital city of Accra.

Editor: Anfred

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