Mid-year review: Ken Ofori-Atta hints of plans to protect jobs and businesses
- Finance Minister, Ken Ofori-Atta, has revealed that plans are in place to protect jobs and businesses in Ghana
- He explained that the loss of jobs which followed the outbreak of the coronavirus is a source of worry to the government
- Ofori-Atta added that as businesses pay taxes it is important to support them so they can remain operational
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The Minister of Finance, Ken Ofori-Atta, has stated that the government is ready to protect the jobs and businesses of Ghanaians.
YEN.com.gh understands that he is ready to announce packages for businesses that have been severely affected by the outbreak of the coronavirus.
According to him, businesses are suffering and given that they have to pay taxes it becomes a challenge when there is no flexibility in doing so and staying operational.
Source: UGC
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Per a myjoyonline.com report, another area of concern is whether the government will overspend as Ghana prepares for the next election on Monday, December 7, 2020.
Information available shows the government has already given out about GHc600 million to some 200,000 small and medium-scale enterprises.
YEN.com.gh earlier reported that the former Minister of Finance, Seth Terkper, has called for answers on the sources of funding for the Free Senior High School (FSHS) programme.
Terkper believes the government needs to come clean on how the programme is being sustained.
In his opinion, it is important for the government to confirm if it will continue to borrow in order to fund the programme.
READ ALSO: Mid-year budget review will not fix economy overnight - Economist
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Source: YEN.com.gh
