Chartered Economist, Emmanuel Amoah-Darkwah has shared that government must focus on policies that promote the manufacturing and agricultural sectors to grow the economy.
He made these statements ahead of the 2022 Budget Reading slated for 17th November, 2021.
In an interview with Samuel Eshun on e.TV Ghana’s ‘Fact Sheet’ show, he explained that Ghana’s economy is mimicking a service-driven economy when in actual fact, it must focus on manufacturing and agriculture.
He revealed, “The Service sector unfortunately is not owned by Ghanaians. Look at banking, insurance, and telecommunication.
Participation of locals in this sector is not that predominant as compared to the other two sectors. And that is why for me if any policy should be introduced in 2022, it should be geared towards how we grow the real sectors of the economy specifically agric and manufactring which has the potential to generate a lot of revenue for the ordinary Ghanaian.”
He was positive that the manufacturing and agricultural sectors have the potential of “delivering growth and lifting Ghanaians from poverty”.
Finance Minister Ken Ofori-Atta is expected to present the 2022 budget on Wednesday, November, 17th 2021.
It had previously been scheduled for November 15, 2021, however the Second Deputy Speaker, Mr Andrew Asiamah Amoako, (Ind., Fomena) announced the date reversal on Wednesday and said the House will have other important events to attend to on November 15.
The presentation of the budget is in accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921)
According to a statement issued by the Ministry, it is prior to the presentation, seeking inputs from various business associations, professional bodies, faith-based organizations as well as the general public
The inputs the Ministry added will cover the budget preparation from 2022 to 2025.