Gov’t has needed resources to implement 2019 budget - Ofori-Atta

The Finance Minister, Ken Ofori-Atta has said that the government is ready and able to get together the needed resources to fund the projects outlined in the 2019 budget.

He said this while he was addressing Members of Parliament at the post-budget workshop at Koforidua in the Eastern Region.

His comment came after some stakeholders asked the government was going to raised concerns about how the government plans to raise money to finance its budget deficit as well as some of its major infrastructural projects in the 2019 budget.

“One of the issues I’ve heard a lot about is the issue of whether we have the resources for this ambitious program that we have taken. I think the Sinohydro deal, you all have seen what we are looking to do. And I think the Vice President has negotiated very soundly. So that resource envelope will be available. You have honorable members also see the Minerals ACT which is going to securitize our royalties and that’s maybe 500 to 750 million Dollars that we are yet to even discuss what we’ll use that resource for.”

READ ALSO: Here’s how much government plans to spend in 2019Here’s how much government plans to spend in 2019

He further indicated that measures are in place to help boost domestic revenue collection through effective ways.

“We are also looking at the GHC 1.8 Billion of GETFund that comes every year and to securitize a portion of it such that the uncompleted structures we can take care of. So I don’t think we need to worry about that.”