Dr. Kwabena Duffour, the Minister of Finance and Economic Planning, Ghana, presented the governments’ 2012 financial statement to the Parliament on Wednesday, November 16, 2011.
The theme of the Budget: Infrastructural Development for Accelerated Growth and Job Creation.
Dr Duffour said the government promised Ghanaians a better Ghana and they have significantly delivered on this promise.
“We promised to remove schools under trees and we are very much on course; we promised to remove iniquities in incomes through the single spine and we are very much on course; we promised to move the economy from fragility to robustness, yes we have; we promised to significantly expand the economy and we have; we promised to arrest inflation, yes we have; we promised to arrest rapid depreciation of the
cedi, yes we have; we promised to provide free uniforms and exercise books, yes we have; we promised to deliver skills and jobs to our youth, yes we have; we promised to expand the school feeding programme, yes we have; we promised to provide schools with computers and Maths and Science scholarships, yes we have; we promised to establish public private partnership policy, yes we have; we promised to deepen competition in the telecom industry, yes we have.”
On the other hand, the Minority Leader of Ghana’s parliament, Osei Kyei-Mensah-Bonsu believes the Finance Minister was simply dabbling in political talk.
He said there was nothing new in the 2012 budget, insisting it was simply a replica of the 2011 budget which achieved nothing.
Mr Kyei-Mensah Bonsu said the minister ought to be telling Ghanaians whatever happened to President Mills’ action year declared in the beginning of the year.
According to Dr. Paa Kwesi Nduom, CPP Presidential Candidtate, 2008, the people of Ghana have still not experienced the growth in real terms in their own pockets, in terms of jobs and in their quality of life and graduate unemployment is still high making people feel insecure in the country (business.peacefmonline.com/economy/201111/79277.php)
Please, the PDf file of the budget is available to be downloaded on the right side of this blog’s homepage.
or follow the link below to download the highlights of the budget.