Govt Initiatives Put GHC12.2 Billion In Pockets Of Ghanaians – Finance Minister

The Minister of Finance, Ken Ofori-Atta, says government’s initiatives and social intervention programmes have directly and indirectly put monies into the pockets of Ghanaians.

According to him, the interventions which have been implemented from 2017 to date have put at least GH¢12.2 billion in the pockets of Ghanaians. The Finance minister made these assertions during the presentation of the 2020 Budget Statement to Parliament on Wednesday.

Ken Ofori-Atta said Free SHS among other policy initiatives has saved parents a total of GH¢1.8 billion in the last three years.

On the impact of the banking sector crisis, Ken Ofori-Atta alluded that the financial sector clean-up has saved the deposits of some 4.6 million depositors who would otherwise have lost their deposits.

The Minister of finance also said govt was not introducing any new taxes in the budget presented but will restructure the tax system and develop a comprehensive revenue policy and strategy to address the challenges of revenue mobilization.

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