Ken Ofori-Atta Ghana Finance Minister has given his plain diagnosis of the state of Ghana’s economy, that Ghana is broke.

by Nov 1, 2019News0 comments

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Finance minister Ken Ofori-Atta

According to him, he said that the NPP-led government under the leadership of President Nana Addo Dankwa Akufo met a budget deficit of 9.3% from the Mahama administration.

He said every Ghanaian knows that the country was broke before the NPP took over from the NDC in 2017.

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Speaking with Ebenews correspondence in Accra, Ken-Ofori-Atta said “You can’t get away from the numbers… As to we coming out to say that, we don’t have money, every Ghanaian knew that we are broke when we came into power…”

Mr. Ken said the country needs the money and every Ghanaian can confess to it.

Speaking on the accumulated arrears the government owes the road contractors, he promises them that their monies owed will be paid before the end of November.

He stated that the delay in payment of the contractors was because the government was authenticating the contracts awarded to them by the previous government.

He explained that by before November starts, 80% of all road contractors, the government owes will receive full payment. 

“What I have been able to do is 1.2 billion for road funds, 1.6 billion for the government of Ghana… that in effect goes to bring some liquidity in the sector and construction can begin.

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“Ghanian Contractors have always felt that the government does not pay on time and therefore accumulate in the pricing anyway… there is an issue of legacy payment that we are trying very well to pay…” he stated.

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