Budget to steer prosperity

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After a year of havoc, wreaked on the economy by COVID-19, the government has laid a blueprint of bold policies and programmes to stop the spread of the virus and contain its effects; revert the economy onto the path of transformational growth and ensure prosperity for all Ghanaians.

In the country’s first budget since the virus struck in March last year, the government sought the permission of Parliament to raise more revenue from the public, grant tax rebates to businesses and increase spending on infrastructure and productive sectors in a burden-sharing effort meant to pull the nation out of the clutches of the pandemic.

The Minister of Parliamentary Affairs, Mr Osei Kyei-Mensah-Bonsu, who presented the 2021 Budget Statement and Economic Policy Statement yesterday in the absence of a substantive Minister of Finance, told Parliament that this year’s revenue and expenditure estimates were also aimed “to bring an end to the culture of unfinished projects.”

“The main focus of the government for this year is the fulfilment of existing commitment and the completion of existing projects,” Mr Kyei-Mensah-Bonsu, who is the Caretaker Finance Minister, said.

Roads infrastructure

With President Nana Addo Dankwa Akufo-Addo declaring 2021 as the second year of roads, the minister pointed out that the government would continue to prioritise road construction.

In that regard, he said, the government would pursue a number of ongoing projects that were at various stages of completion under the Sinohydro master facility.

For instance, he said in 2021 works were expected to commence on major projects including the Dufor Adidome –Asikuma Junction road, (39.2km), Asutuare –Aveyime road, (23.9km), two interchanges at Dufor Adidome and Asikuma Junction, construction of a bridge over the Volta River at Volivo, construction of Suame Interchange, rehabilitation of Tatale-Zabzugu-Yendi-Tamale road (165.8km), rehabilitation of Zabzugu –Nakpali –Bimbilla road, rehabilitation of Dome –Kitase Rrad (19.5km)

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