{"id":341002,"date":"2017-08-01T08:49:50","date_gmt":"2017-08-01T08:49:50","guid":{"rendered":"http:\/\/citifmonline.com\/?p=341002"},"modified":"2017-08-01T08:49:50","modified_gmt":"2017-08-01T08:49:50","slug":"govt-reviewed-plans-achievable-if-dr-lord-mensah","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/08\/govt-reviewed-plans-achievable-if-dr-lord-mensah\/","title":{"rendered":"Govt reviewed plans achievable if \u2026 \u2013 Dr. Lord Mensah"},"content":{"rendered":"

Economist Dr. Lord Mensah wants the government to follow strictly its plans outlined in the midyear budget review in order to achieve growth targets.<\/p>\n

He explains that though government has cut down its expenditure, it will need to intensify efforts to increase revenue.<\/p>\n

Dr. Lord Mensah\u2019s comments follow the presentation of the\u00a0midyear budget review<\/a><\/strong><\/span>\u00a0by Finance Minister, Ken Ofori Atta to Parliament, yesterday.<\/p>\n

\u201cI realize that the indicators on the ground favour them as a government\u2026they are shifting the goal post to the private man. They are putting up structures for all government\u2019s poverty initiatives to ensure that they take effect. If they were to leave all those indicators high and the government continues to spend and continue with the initiatives, they may not be effective,\u201d he stated.<\/p>\n

He added, \u201cThey are trying to put down macroeconomic environment to be serene for businesses and at the same time when they roll out their policies they will take effect,\u201d<\/p>\n

Among the revisions outlined in the 2017 budget is the\u00a0cut in government expenditure<\/strong><\/a><\/span>.<\/p>\n

Under this, the government is seeking to reduce its spending on goods and services in the public sector by GH\u00a2867.0 million.<\/p>\n

Also, government plans to reduce total transfers to other government units, which comprise all statutory and earmarked funds by GH\u00a2553.2 million.<\/p>\n

In addition, there is an adjustment of GH\u00a2683.0 million to capital expenditure.<\/p>\n

The Minority has sharply criticized the government for this plan describing it as unacceptable.<\/p>\n

But in Dr. Lord Mensah\u2019s view, the posture by the NPP government to create the needed environment for businesses to grow should suffice should the policies be strictly adhered to.<\/p>\n

\u201cSome of the statements they were making in their manifesto were that we want to convert this economy into a taxable and production one. But production can come into full force when the private sector can access funds at a lower cost, production can be effective when the private man puts his business down and he knows that in the future the real returns can be stable.\u201d<\/p>\n

\u201cIt\u2019s a refocusing and more or less a restructuring of the economic dynamics. There\u2019s actually nothing new here,\u201d he said in addition.<\/p>\n

–<\/p>\n

By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

Economist Dr. Lord Mensah wants the government to follow strictly its plans outlined in the midyear budget review in order to achieve growth targets. He explains that though government has cut down its expenditure, it will need to intensify efforts to increase revenue. Dr. Lord Mensah\u2019s comments follow the presentation of the\u00a0midyear budget review\u00a0by Finance […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171,11],"tags":[],"yoast_head":"\nGovt reviewed plans achievable if \u2026 \u2013 Dr. Lord Mensah - Citi 97.3 FM - Relevant Radio. 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