All 16 flagship programs of the government including the Free Senior High School are up for review.
This is according to Information Minister, Kojo Oppong Nkrumah.
This is one of the many decisions taken at a 3-day crunch cabinet meeting, held at Peduase Lodge to proffer solutions to the economic hardships in the country.
The Ghana Cedi has experienced a sharp depreciation trading at 7.8 to a dollar.
Fuel prices have also shot up affecting transport fares and the cost of general goods and services.
Analysts as well as the opposition NDC, have urged the government to review the Free SHS program and take expenditure cuts among others to save the country money.
Kojo Oppong Nkrumah, said no program will be left out of the review.
“All the 16 flagship programs are up to be looked at. The President has directed that the flagship programs should be protected and fully implemented to ensure that the impact is achieved. However, he wants it done within the constraints of item number 2 which is the fiscal framework we are working with. If based on the caps that we are working with we will have to rescope a particular flagship program, we will do it and see how much we can achieve.”
“All the 16 are up for discussion, none is off-limit. Only that the President has laid down the red line that we will not compromise on the fiscal consolidation agenda because our real problem over the years has been a year-on-year deficit going out of hand.”
Akufo-Addo approves measures to ‘revive’ economy; Ofori-Atta to address Ghanaians
According to the Ministry of Information in a statement issued on Monday, March 21, 2022, the Minister of Finance, Ken Ofori-Atta, will later this week brief Ghanaians on measures the government seeks to implement to address current economic challenges.
It also disclosed that President Nana Addo Dankwa Akufo-Addo has approved a number of “far-reaching measures” aimed at mitigating the depreciation of the Cedi, ensuring expenditure discipline, and providing relief in the face of global fuel price hikes and inflation as well as ensuring that priority programs meant to grow the economy are protected.
“The Finance Minister, Ken Ofori-Atta will later this week provide the details of measures after consultations with key social and economic stakeholders.”
“Government appreciates the efforts of all who contributed to a successful retreat and looks forward to the support of all Ghanaians in implementing the agreed measures.”
