Home Politics ‘Gov’t programmes have put GH¢12.2 billion in Ghanaians’ pockets’

‘Gov’t programmes have put GH¢12.2 billion in Ghanaians’ pockets’

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The Minister of Finance, Ken Ofori-Atta, says government’s initiatives and social intervention programmes have directly and indirectly put monies into the pockets of Ghanaians.


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According to him, the interventions which have been implemented from 2017 to date have put at least GH¢12.2 billion in the pockets of Ghanaians.

Presenting the 2020 Budget to Parliament on Wednesday, Mr Ofori-Atta said Free SHS has saved parents a total of GH¢1.8 billion in the last three years.

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Below is a breakdown of initiatives and programmes he deemed to have put monies into the pockets of Ghanaians

  • Planting for Food and Jobs has saved farmers a total of GH¢844 million over the last three years for subsidized fertilizer;
  • A total of GH¢357 million have been put into the pockets of Teacher trainees within the last three years in the form of allowances;
  • A total of GH¢336 million have been put into the pockets of Nursing trainee within the last three years in the form of allowance;
  • Subsidy for the BECE registration fee has saved parents a total of GH¢65 million over the last two years;
  • The electricity tariff reductions effected by the PURC effective March 15, 2018 resulted in savings of GH¢1.8 billion for a year for residential and non-residential customers;
  • The reduction and abolition of taxes (including the 50% reduction in import duty) has saved taxpayers a total of GH¢4.1 billion over the last three years;
  • The over 350,000 jobs that have been created in the public sector (including the 100,000 NABCO graduates) has provided total earnings to them of GH¢2.9 billion.

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Mr Ofori-Atta also alluded that the financial sector clean-up saved the deposits of 4.6 million depositors who would otherwise have lost their deposits.

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