Vice President of Ghana, Dr. Mahamadu Bawumia, has promised to reduce the size of the government when is voted into power to lead the country.
“An efficient system of governance will require even fewer ministers. Therefore I would have no more than 50
ministers and deputy ministers,” he stated.
Outlining his vision for the country on Wednesday, February 7, 2024, during his address to the nation at the University of Professional Studies, Accra (UPSA), he indicated that his government will prioritise reducing the budget deficit and interest rates while enhancing fiscal discipline.
“To sustainably reduce the budget deficit and interest rates, my government will enhance fiscal discipline through
an independent fiscal responsibility council enshrined in the Fiscal Responsibility Act, 2018 (Act 982). The Fiscal responsibility Act will also be amended to add a fiscal rule that requires that budgeted expenditure in any year does not exceed 105% of the previous years’ tax revenue. This will prevent the experience of budgetary expenditures based on optimistic revenue forecasts which don’t materialize.”
Also, Dr. Bawumia said his government intends to “reduce the fiscal burden on government by leveraging the private sector. Under the two-term administration of His Excellency Nana AkufoAddo’s government, we have put in place many social safety nets like free SHS, Free TVET, etc. With all these social safety nets in place, my government will now focus on jobs, and wealth creation by the private sector for all Ghanaians. My administration will incentivize the private sector to complement government in the provision of many infrastructure and other services to reduce government expenditure and improve maintenance.”
