Minister for Finance, Ken Ofori-Atta, has said that political parties that overspend during election year end up in opposition.
Mr Ofori-Atta made this assertion on Accra based Peace FM, monitored by Adomonline.com.
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The Finance Minister assured Ghanaians that the government will ensure it doesn’t spend more than it ought to in 2020.
“We will hold the line with regards to election excess spending, the history is that those that overspend election year don’t usually come back,” he remarked.
He further said the government had come a long way in putting the economy on the right track and maintaining fiscal discipline, and was not going to allow excess spending during the election year derail what had been achieved so far.
“We’ve put steady hands on the economy, we’ve been able to come out of International Monetary Fund, as well as put the financial sector in a good state and fixed most of the mess. All are indications that things have gone really well,” he said.
Source: Adomonline.com | Fuaad Dodoo