Business News of Tuesday, 19 November 2019Source: www.ghanaweb.com2020 Budget: Finance minister struggling between economic stabilization and growth – IEAplay videoDirector of research at the Institute of Economic Affairs (IEA), Dr. John K. KwakyeThe Institute of Economic Affairs says the provisions of the 2020 budget reveals Finance Minister, Ken Ofori Atta is having a hard time to either grow or stabilize the Ghanaian economy. The Finance minister presented the 2020 Budget Statement and Economic Policy on Wednesday, November 13, 2019, projecting GH¢67.1bn (16. “A budget must have 3 key objectives; stabilization, growth, and social relief. Reading the budget, we can see the Finance minister grappling with these tensions. The 2020 budget is cautious but not sufficiently ambitious.”Mr. Kwakye added, the approach adopted by the Finance minister appears to be defined by political sensitivities, hence lacks the necessary means to optimize socio-economic outcomes.

Source: GhanaWeb November 19, 2019 15:56 UTC