I’ll focus on the development of the real sector - Dr Ato Forson

The Minister of Finance designate, Dr Cassiel Ato Baah Forson, has promised to focus the attention of the government on the microeconomy and the real sector.
Speaking during his appearance at the Appointments Committee of Parliament on Monday, he said the government will grow the economy from the real sector, not just from the micro.
“As Minister, I will dedicate a considerable amount of my attention towards the development of the microeconomy”, Dr Ato Forson said.
He said his biases for the development of the country’s real sector include agriculture and agri-business; micro, small and medium enterprises; power, petroleum and hydrocarbons; infrastructure and mining and quarry.
On revenue mobilisation, Dr Ato Forson said his many years of experience in the public financial management space tells him that Ghana has a lot of potential when it comes to revenue mobilisation.
He said the government will introduce strong compliance measures in Ghana’s tax administration to improve revenue collection. “We will promote transparency and accountability to build public trust and encourage complaint”, the Minister of Finance designate said.
Dr Forson added that he will regularly engage businesses, civil society and development partners to fashion inclusive revenue strategies that consider the needs and contributions of all sectors.
“We shall also focus on non-tax revenue which has often been neglected but has immense potential”, he said.
Touching on public expenditure, Dr Ato Forson said Ghana needs a paradigm shift in the management of public expenditure.
He therefore promised to lead a public expenditure management reform to decentralise budget implementation, adding “This is to maKe sector ministers wholly responsible for their own budgets”.
Dr Ato Forson said the quality of expenditure matters. “To this end, I will ensure that public expenditures that drive inclusive growth and job creation are prioritised, especially given our current economic conditions,” he said
Source: Classfmonline.com/Cecil Mensah
Trending Business
Energy expert warns new electricity tariffs could fuel unemployment
08:05Easter: Kwahu Obomeng Queen Mother cautions against price hikes
02:31Basintale blocks renewal of Zoomlion's contract if salary remains GH¢250
13:14MDF forum pushes for mineral revenues to benefit mining communities
09:38MPs assure Zoomlion of gov't's prompt debt settlement
11:24GoldBod begins licensing of gold trading service providers
11:48President Mahama appoints Capt. James Richmond Quayson as the Director of Takoradi Port
13:10Replicate Kwahu Business Forum nationwide- UCC don to Mahama
09:27Better Ghana Alliance rebuts DPPF’s hailing of KGL as Africa’s top lotto company
09:13New policies will hurt mining sector growth - Minority to gov’t
08:27