The government of Ghana has projected higher growth, lower inflation and an improved budget position next year as a result of strict measures imposed under its bailout from the International Monetary Fund (IMF).
Presenting the 2024 Budget to Parliament on Wednesday, December 15, 2023, the Finance Minister, Ken Ofori-Atta, said in the past 7 years, the Akufo-Addo-led government has invested GHS32.7 billion to promote and support the growth of businesses in the country.
Ken Ofori-Atta explained that the government has provided support to 100,000 young graduates to secure workplace experience and employment by investing GHS2.4 billion in NABCO as well as in 1D1F enterprises. In addition, the government has created over 2.3 million jobs in the private and public sectors.
The Minister of Finance further said that the government has budgeted an amount of GH¢220 million to support the relief phase for the communities affected by the Akosombo spillage as well as floods upstream in the Oti, Savannah, and Bono-East Regions.
He added that the government, through the Ministry of Agriculture, will allocate additional resources to support the restoration of livelihoods.
Ken Ofori-Atta also spoke about how all households in Ghana have benefited through various government social interventions like free senior high school, school feeding, National Health Insurance, girl child education, and the LEAP program, among others.