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13.11.2019 General News

GH₵33bn Spent On Legacy Debt, Banking Sector Clean Up – Finance Minister

By Richard Obeng Bediako
GH₵33bn Spent On Legacy Debt, Banking Sector Clean Up – Finance Minister
NOV 13, 2019 GENERAL NEWS

The cost of legacy debts and banking sector clean up amounted to GH₵33billion, Finance Minister, Ken Ofori-Atta has said.

Presenting the budget statement and financial policy of the government of Ghana for the year ending 31st December 2020 in Parliament he maintained that gains so far made have been significant.

According to him, the government has stabilized macroeconomic turbulence with economic growth doubling.

This is the first election year budget places a cap of 5percent on government spending which is in accordance with the fiscal responsibility act.

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