Macro-fiscal performance showing remarkable progress-Ofori Atta

The Finance Minister Ken Ofori Atta has stated that the macro-fiscal performance achieved in the first six months of Akufo-Addo’s administration is showing remarkable progress.

According to him, policies and programmes implemented are beginning to yield results.

Mr Ofori Atta added that major macroeconomic indicators are now trending in the right direction indicating that the economy is on track.

“Mr. Speaker, we promised to stabilize the economy in a sustainable manner, while accelerating growth and creating prosperity and jobs for all. The macro-fiscal performance we have achieved in the first six months of President Akufo-Addo’s administration is showing remarkable progress. The major macroeconomic indicators are now trending in the right direction indicating that the economy is on track,’ the minister told Parliament when he presented mid-year budget review statement.

He indicated that updated information shows that the end-2016 fiscal deficit was worse than previously estimated.

“Mr. Speaker, on the fiscal front, updated information shows that the end-2016 fiscal deficit was worse than previously estimated, at 9.3 percent of GDP compared to the provisional figure of 8.7 percent of GDP on cash basis at the time of presenting the 2017 Budget. The deficit on commitment basis is now at 10.9 percent of GDP up from the 10.3 percent previously reported,’ he stated.

 

By: Ghana/Ultimatefmonline.com/106.9FM