An 11-member Advisory Board for the Ministry of Finance has been inaugurated. at a ceremony held at the Conference Room of the Ministry.
The board chaired by Finance Minister, Ken Ofori-Atta includes Charles Adu Boahen, Kwaku Kwarteng, Abena Osei-Asare and Patrick Nomo. Others are Dr. Yaw Osei Adutwum, Kwasi Agyei, Madam Kosi Yankey, Rev. Kwabena Opuni Frimpong, Dr. Tony Oteng Gyasi a former President of the Association of Ghana Industries and former rector of GIMPA, Prof. Stephen Adei.
A press release issued by the Finance Ministry on Monday said Mr ofori Atta pledged to pursue sound fiscal policies and an efficient Public Financial Management System to reduce leakages and to accelerate growth across all sectors.
He urged members of the Board to respond to this call to serve and be committed to ensure that policies and programmes of the Ministry deliver the expected outcomes.
Mr Ofori-Atta outlined the performance and achievements of the Ministry for the year 2017, without leaving out the challenges that still remained to be tackled.
He noted that overall Real GDP growth stands at 6.8%; overall fiscal deficit of 4.5% of GDP; a debt to debt ratio a little above 70% of GDP; gross foreign assets to cover 3.5 months of imports; a primary balance of 1.6% of GDP and end year inflation of 9.8%.
He was optimistic that policy measures in the 2018 budget, will further consolidate gains made to bolster investment in the real sector of the economy, enhance private sector competitiveness, create jobs and provide equal opportunities for all Ghanaians.