2022 budget: Don’t distort the figures – Economist to Ofori Atta

An economist, Dr Julius Kwaku Kattah, has asked the Finance Minister Ken Ofori Atta to project the realities regarding the state of the economy and Ghana’s finances.

Speaking on the New Day Show on TV3 with Berla Mundi on Wednesday November 17 ahead of the 2022 budget presentation, he asked the government not to distort facts and figures about the economy.

“If I take ten people and among the ten, eight is telling me as an economist that things aren’t well, I take it from that to analyze at the micro level to be able to determine that macroeconomic level.

“Things may be rosy as they may see but the economy is otherwise.  Don’t forget when we are distorting the figures, I always say that we have to be discipline enough to tell the truth in measuring our figures . Statically, when the president is going out of the country to talk at the international level, I expect  prudent, standard  measure of figures.”

Information Minister Kojo Oppong Nkrumah has said the budget statement for the 2022 fiscal year will announce measures to support local industries.

He also said there will be good news for road vehicle users as well.

The Finance Minister Ken Ofori Atta is expected to present the budget to Parliament today Wednesday November 17.

In a Facebook post regarding this budget statement, Mr Oppong Nkrumah said “Today is expected to be a good day for young Ghanaians looking for support to fuel their business ideas.

“We look forward to some relief for road vehicle users, while at the same time equitably raising revenues to speed up the fixing of our roads.

“Local industry can expect measures that will make their products more competitive while dealers benefit from same measures to source the same products locally.

“And no, while acting as President of the Republic, VP Dr. Mahamudu Bawumia cannot join the finance minister to the chamber today. It will be out of place.”

Source:3news.com