The Finance Minister, Ken Ofori Atta has outlined a 7-point agenda aimed at restoring macroeconomic stability and accelerating the country’s economic transformation.
According to him, the agenda is anchored to aggressively mobilize domestic revenue streamline, and rationalise expenditures, boost local productive capacity, promote and diversify export.
He mentions the others as protecting the poor and vulnerable, expanding digital and climate-responsive physical infrastructure, and implementing structural and public sector reforms.
Mr. Ofori Atta said to ensure the agenda is realized three critical imperatives must be achieved. That is the successive negotiating of a strong IMF program coordinating an equitable debt operation program and attracting significant investment.
Touching on Value Added Tax (VAT) which would be increased by 2.5 percent, Mr. Ofori Atta said, the anticipated revenue will be invested in roads and digitalization.
However, there is a mixed reaction from a cross-section of the public to the proposed increase in VAT.
Most of them said, the increase in VAT will further burden businesses and livelihoods.
