The Minister for Finance, Ken Ofori-Atta has hit hard at the erstwhile Mahama administration for subjecting the public purse to what he described as a ‘naked abuse’.
“The level of naked abuse that the public purse was made to go through, Mr. Speaker we have moved on from that era” Ofori-Atta said while presenting the 2018 budget in Parliament Wednesday.
He accused the Mahama government of mismanaging the economy but added that the NPP government has moved on from that era.
Mr Ofori-Atta noted that through prudent management Government has been able to reduce the debt-to-GDP ratio from 73 percent at the end of December 2016 to 68.6 percent at the end of September 2017.
The annual average rate of debt accumulation of 36.0 percent over the last four years, he noted has declined over the last nine months to about 13.58 percent
He said the country is returning to a robust growth after 2016 recorded the lowest growth performance in almost 2 decades.
In Ken Ofori-Atta’s view, the end will justify the means, as he assured that his government will work for the people.
We have rescued our public purse from naked abuse – Ofori-Atta
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