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
Mahama directs purchase of glut tomatoes and onions from Asante Akim North farmers for SHS feeding
11:11MASLOC to publish names of loan defaulters after final warning
10:34Brazilian Ambassador pledges support for Ghana’s cocoa sector ahead of Afro-Brazil Festival 2025
08:07Fisheries Commission engages stakeholders on Ghana’s first Inland Fisheries Management Plan
03:06Regulatory costs threatens job creation, SME expansion in Ghana: ILAPI and FUNDALIB warn
13:13GIPC pledges support to Guinness Ghana amid rising illegal imports
04:36World Bank disburses $360m to support Ghana’s economic recovery and resilience
03:48President Mahama: Nkoko Nketenkete project to launch in Oct
19:01V/R: AGI marks 30 years with bold vision for 24-hour economy
13:48NEIP, MoFA partner to support agric entrepreneurs under 'Adwumawura' programme
16:41