139 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year
● Use of Third–Party Data: Mr. Speaker, the National
Identification Scheme when fully deployed, will provide
government with a database to help with revenue
administration. But even before that, and to add to the
benefits from the NIA, we will in 2019 make use of third–
party data sitting in various databases in both private and
public sector for tax administration purposes. The DVLA,
the Lands Registry, the Courts, the Financial Institutions,
the Law Enforcement Agencies, SSNIT, to mention a few,
are repositories of useful tax data. We will use these
databases to rope more persons into the tax net and tax
232. Local Government Revenues and Finances: Mr. Speaker,
in 2019, the central Government will partner MMDAs to enhance
revenues mobilised at the local Government level. This
partnership will be in the following areas:
140140 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year● property registration, and property data management;● the use of a simplified inexpensive tool for property valuation;● the setting up of a system for the generation and distribution ofbills; and● the setting up of a system for the efficient collection of propertyrates and other rates.233. In additions, the Ministry of Finance will strengthen its oversightover public revenue management in our MMDAs. An electronicpayment platform will be put in place to automate the collectionand administration of rates in all local government entities andto give central government a comprehensive view of thefinances of MMDAs.234. Internally Generated Funds of MDAs: Mr Speaker,improved governance of internally generated funds ofministries, departments, agencies and all statutory andconstitutional bodies is still top of government priority. As
141141 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearprovided for in the new Fees and Charges Bill that will be placedbefore Parliament before close of the year, the fees and chargesof all MDAs and regulators will come under greater scrutiny ofCentral Government. At the moment, some MDAs receive theirfees and charges through commercial banks that lodge theserevenues in full at the BoG. The BoG then transfers theappropriate amounts to the relevant MDA. In 2019, governmentwill expand this arrangement to all fees and charges on behalfof the MDAs and regulators.235. Government’s digitisation and Cashless initiative continues. AllGovernment Entities will be able to receive electronic paymentsby the end of Q2 next year. This is a pre cursor to allGovernment Entities making payments electronically on thejourney to the Government going cashless. This will greatlyincrease transparency and efficiency of cashflows to and from142 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial YearGovernment and better aid cash management of allGovernment Entities.236. Deployment of Nation Builder’s Corps (NABCO): Mr.Speaker, the implementation of many of the interventionsmentioned above will require more energetic hands. As part ofour strategy to enhance revenue mobilisation, GRA has beenassigned ten thousand officers from the NABCO who will bedeployed to support the implementation of these measures andstrategies. In particular, they will be helpful in identifying andregistering potential taxpayers, collection of property rates, andfollow up on debtors. The young men and women of NABCO willin the process become a pool of officers from whom governmentcould recruit substantive officers to support revenuemobilisation.237. Mr. Speaker, the numbers on tax exemptions in Ghana’seconomy are disturbing. In the last eight (8) years, tax143 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearexemptions (import duty, import VAT, import NHIL anddomestic VAT) in the economy have grown from GH¢391.90million (0.9% of GDP) in 2010 to GH¢5,269.99 million (2.6% ofGDP) in 2017.238. It is important to indicate that these figures do not includeexemptions from the payment of corporate and individualincome taxes, concessions on tax rates, petroleum tax reliefs,customs tax exemptions enjoyed by diplomatic missions, andprocessing charge exemptions at the ports.239. Over the same period, about six different studies have beenconducted into Ghana’s tax exemptions regime by the RevenuePolicy Division of the Ministry of Finance, International MonetaryFund (IMF), Organisation for Economic Cooperation &Development (OECD), GIZ and the World Bank. All these studieshave concluded that, (1) the growth in Ghana’s tax exemptions144 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearand reliefs is unsustainable, and (2) the benefits Ghana’seconomy gets from these exemptions and reliefs are doubtful.240. Worse still, Mr Speaker, tax exemptions in Ghana haveinvariably provided the opportunity for abuse. But even withoutthe irregularities, the exemptions in themselves, deny thecountry of much needed revenue, resulting in low revenuecollection and reporting. These cannot be allowed to continue,which is why we have committed to reform the tax exemptionsregime. The draft policy has been completed and will bepresented to Parliament during 2019 to be passed into law.241. Mr. Speaker, in 2019 in accordance with the Earmarked FundsCapping and Realignment Act, 2017 (Act 947), the Ministry ofFinance will review all our earmarked funds and update them tobring them in line with our current economic realities andpriorities.145 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial YearExpenditure Management Programme242. Mr. Speaker, extensive stakeholder consultations on the draftregulations for the Public Financial Management Act, 2016, (Act921) (PFMA) are underway. The regulations will include explicitprovisions for numerical fiscal rules and it is expected that theregulations will be passed in 2019.243. Mr. Speaker, the Ghana Integrated Financial ManagementInformation System (GIFMIS) utilisation expansion programmewas pursued in earnest this year. The GIFMIS financial modulewas expanded to cover four Statutory Fund Agencies and hasalso been deployed to 216 MMDAs. The budget module(Hyperion) has also been coded to track the SDGs.244. To improve overall efficiency in payroll management,Government has initiated procurement processes to outsourcepayroll management. Pilot implementation will begin with oneMDA in 2019.146 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year245. Mr. Speaker, to strengthen cash and treasury management,Government is in the process of designing a cash managementsolution that will provide an automated cash flow forecastingmodel to assist MDAs/MMDAs in forecasting their cashrequirements and broaden Government’s utilisation of theTreasury Single Account (TSA).Protecting the Public Purse246. Mr. Speaker, a key priority of H.E. the President is to protect thepublic purse by, among others, enforcing resolute efficiency inexpenditure of public resources. To this end, Government hasrecently released guidelines regulating Board allowances forState Enterprises and Agencies. The guidelines eliminatemonthly allowances for Board members and provides caps onsitting allowances.247. Mr. Speaker, Government under the leadership of the Office ofthe Vice-President and Office of the Senior Minister, and in147 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearconsultation with the relevant professional institutions, hasproduced standardised designs and costs of various publicinfrastructure projects in Health, (such as CHPS, Polyclinics,District Hospitals and Regional Hospitals); Education (schoolclassrooms, dormitories, and science laboratories); as well as inRoads. The standardised designs and costs will guideprocurement of contractors for the delivery of these categoriesof infrastructure in order to ensure value for money.248. Furthermore, Mr. Speaker, in 2019 the Ministry of Finance willoperationalise an Efficiency and Innovation Unit to lead aneffort in Government to introduce efficiencies and control costsin important cost drivers, including: standardisation andcentralisation of vehicle and IT procurement, travelexpenditure, and allowances to public officials.249. Mr. Speaker, our nation has invested huge amounts of moneyin State-Owned Enterprises, but we have not been reaping148 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearbenefits commensurate with our investment, due mainly toinefficiencies and weak governance in the sector. To frontallyturn around this situation, Government after a comprehensivestudy of the sector will soon present to this august House, adraft bill to address the problems in sector.Fighting CorruptionOffice of the Special Prosecutor250. Mr. Speaker, in line with Government’s promise to protect thepublic purse, His Excellency the President remains committed tothe fight against corruption. The Special Prosecutor’s Officewhich is established under the Office of the Special ProsecutorAct 2017 (Act 959) is one of the highest priorities ofgovernment. In this budget, the Special Prosecutor’s Office hasbeen allocated an amount of GH¢180 million from GoG with acommitment to provide additional resources during the course149 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearof 2019 to enable the Special Prosecutor’s Office to carry out itsmandate.251. Mr. Speaker, as I noted in the Mid-Year Fiscal Policy ReviewStatement to this august House, there is the need to restructureand strengthen the Internal Audit Function in the public sectorto play its expected role in ensuring effective risk management,control and improvements in governance processes in the publicsector.252. The Ministry of Finance is currently supporting the Internal AuditAgency to conduct extensive stakeholder consultations as partof the key processes that will lead to restructuring the InternalAudit Agency. This will help to align the activities of InternalAuditing to national objectives.Capping the Ghana Stabilisation Fund253. Mr. Speaker, Government seeks the approval of Parliament tomaintain the cap on the Ghana Stabilisation Fund at US$300150 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearmillion, in line with Section 23(3) of the PRMA, to continue withthe liability management strategy.Securitisation of GETFUND’s Receivables254. Mr. Speaker, Cabinet has given no-objection for GETFUND tosecure up to US$1.5 billion long-term financing, and same hasbeen laid before Parliament. The amount will be used for criticaleducation infrastructure, on the back of a portion of VATreceivables as prescribed in Act 581 and will be issued in three(3) tranches of US$500.00million.2019 Sovereign Bond Issuance255. Mr. Speaker, Government is committed to its objective toborrow at “least cost” and at the minimum prudent level of risk.Consistent with this, Government intends to issue sovereignbonds of up to US$3 billion, to be used to finance criticalinfrastructure projects and for liability management151 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial YearGovernment will explore the possibility of issuing one or acombination of the following bonds based on market conditions:Eurobond, and Green bond.Century Bond256. Mr. Speaker, Government announced its intention to issuelonger dated sovereign bonds this year as part of our bilateralengagement with other countries. Our phase of massiveeconomic transformation requires a more ambitious financingarrangement, and the capacity to retire about half of thecountry’s existing debt which were issued during a high interestrate environment during the previous administration.257. The decision to raise these ultra-long-term bonds is notintended to derail our debts sustainability path, but rather toenhance it. If we really want to uplift ourselves out of this hand-to-mouth existence and put our country Ghana on a firmtrajectory of growth and prosperity, we will need to source long152 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearterm affordable financing to invest in strategic infrastructureover the medium to long-term.258. We shall issue sovereign bonds of longer tenor either as greenbonds or Eurobonds on the international capital markets andalso structure a Sovereign Century Fund for our bilateralinvestor partners.259. The Sovereign Century Fund shall engage on a bilateral basis toraise long term concessional financing to underwrite our othercommercial infrastructure needs through GIIF, GIADEC, PPPprojects and other entities as well as liability management.260. We inherited over GH¢120 billion of debt at very high interestrates. Even though we have brought down interest ratesconsiderably we are still saddled with a sizeable amount ofexpensive debt. As such, in 2019, we will spend over GH¢16billion of our revenue (over 26.6%) on interest payments. Thisamount can be considerably reduced if we refinance our debt at153 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearmuch lower interest rates. A ten percent reduction in theinterest rates translates into over GH¢1.6 billion in savings;almost enough to pay for Free SHS in 2019.261. Mr. Speaker, the Ghana Century bond program will help provideus with the wherewithal to refinance these expensive liabilities.It is an important bulwark for Ghana’s post IMF status; itindicates a country with a long-term plan, a country that canprogram its infrastructure needs, a country that can provisionfor adequate foreign exchange reserves.SOCIAL INTERVENTION POLICIES262. Mr. Speaker, our focus in Government over the last 22 monthshas not just been restoration of macroeconomic stability. Wehave implemented a number of flagship policies as well as socialintervention policies that have reduced the suffering as well asenhance the aspirations and opportunities of ordinaryGhanaians.154 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year263. The Akufo-Addo Government has eased the burden of hundredsof thousands of Ghanaians and invested in the future of ourchildren with the introduction of the Free Senior High Schoolprogram. For the first time in our history, the whole of Ghana isenjoying Free SHS. Under free SHS, students are entitled to;● Free Meals (Both boarding and day)● Free boarding accommodation● Free textbooks264. Mr. Speaker, the Free SHS in 2017 provided over 90,000additional teenagers an opportunity to get senior high schooleducation and improve their opportunities for work in thefuture.265. Mr. Speaker, in 2018, as a result of the innovative double tracksystem, we have been able to accommodate 181,000 morestudents who otherwise could not have access to secondaryeducation.155 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year266. Mr. Speaker, the introduction of free SHS has also providedimmediate cash benefits to the parents:● For a parent with a boarding SHS student, you saveGH¢2,015.22● For a parent with a boarding TVET student you save GH¢2,115.22● And over a 3-year period a parent with a boarding SHS studentwould have saved nearly GH¢ 6,045. (or about 60 million oldCedis). The savings is about 120 million old Cedis if you have 2children going through the free SHS.267. Mr. Speaker, we increased the school feeding programme from1.6 million children to 2.1 million children, and also increasedthe amount spent on each child by 25 percent.268. Mr. Speaker, in the area of LEAP, we have added more than150,000 households to the programme thereby improving theirlivelihoods.
156156 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year269. Mr. Speaker, Furthermore;● We have increased the share of the DACF to persons withdisabilities from 2 percent to 3 percent● We have more than doubled the Capitation Grant (FromGH¢4.5 to GH¢10.0)● We have Restored Teacher Training Allowances● We have Restored Nursing Training Allowances● We have reduced Electricity tariff – 17.5 percent forhouseholds and 30 percent for businesses● We have cleared the GHC 1.2 billion arrears inherited underthe NHIS and the NHIS is working again.● We have provided food crop farmers with subsidised (50percent subsidy) fertiliser under the planting for food and jobsprogram. This has resulted in increased output and lower foodprices.
157157 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year● We have provided jobs to 100,000 graduates under the NationBuilders Corps (NABCO) across every constituency in GhanaExpanding Social Security Coverage to the InformalSector270. Mr. Speaker, retirement income security is a right of everyGhanaian and not only formal sector workers. His Excellency,the President has demonstrated his commitment to expandingsocial security to cover the informal sector by charging theBoard of SSNIT to ensure the inclusion of informal sectorworkers. I am pleased to announce Mr. Speaker that SSNIT isworking with Government to develop a policy framework toprovide informal sector workers with a voluntary fully fundedpersonal pensions scheme to be launched in 2019.271. Mr. Speaker, I would like to ask one question. Can anyone recallthe social intervention policies that the social democratic NDC
158158 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearintroduced in its last eight years in government to mitigate thehardships of Ghanaians?”272. Mr. Speaker, the evidence shows that when it comes to socialpolicies to protect the poor and vulnerable in Ghana theGovernment of Nana Addo Dankwa Akufo Addo has indeed aremarkable record.159 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial YearSECTION SIX: CONCLUSIONMarching Boldly Towards Ghana Beyond Aid273. Mr. Speaker, with December, 2018 as the last test date, we areon track to successfully complete and exit the IMF ECFprogramme. We have clearly demonstrated our competence inmanaging Ghana’s economy in the past two years that we havebeen in Government. We will remain steadfast in this resolve.To this end we are putting in place a number of legal andinstitutional measures to ensure we do not revert to the baddays of macroeconomic mismanagement.274. Mr. Speaker, one of the key measures we are institutionalisingis the Social Partnership among Organised Labour, GhanaEmployers Association, and Government which we believe willprovide avenue for the partners to deliberate on significantdevelopment matters and providing relevant solutions.160 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year275. Further, the 6 Strategic Pillars in the 2019 budget put us in aposition to advance boldly towards Ghana Beyond Aid. In thisbudget we are:• making an unprecedented push in infrastructural expansion;• modernising agriculture, increasing production, and reducingour dependence on imports for food;• forging ahead with a bold and comprehensive industrializationplan that adds value to our agriculture and natural resources,and leverages our rising population of educated youth;• strengthening our domestic revenue mobilization and takingstrong measures to enforce efficiency in public expenditures andprotect the public purse; and• building on and strengthening our social interventions in orderto ensure that no one is left behind as we transform oureconomy and march boldly to a Ghana Beyond Aid.161 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year276. Mr. Speaker, the future is indeed very bright as we embark onbig ticket projects and programmes as part of our resolve totransform the economy and better the lives of Ghanaians. MrSpeaker:o we are implementing the Sinohydro project which will provideadditional US$2bn in road, rail, and other infrastructure;o the Aker oil Field will start producing in 2021 and willeventually add about 100,000 barrels of oil per day to Ghana’scrude oil production. In addition, ExxonMobil is coming onboard soon to explore and produce crude oil in the Deep WaterCape Three Points;o the Ghana Integrated Aluminium Development Corporation(GIADEC) will be established to develop an integratedaluminium industry;
162 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearo Ghana is attracting international car manufacturing giants suchas Nissan, Volkswagen, SinoTruk to set up auto assemblyplants to produce vehicles.277. Mr. Speaker, as you know, H.E. the President constituted aCommittee to draw up a Ghana Beyond Aid Charter. TheCommittee comprises representatives from a wide cross-sectionof Ghanaians, including Government, organised labour, theprivate sector and employers, and the youth. Work on theCharter and on the detail contours of the Ghana Beyond Aidagenda is well advanced, and the Committee will present itsreport to the President before the end of the year. Followingthat there will be consultations with Ghanaians before revisingthe Committee’s work for eventual submission to Parliament fordebate.
163 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year278. Mr. Speaker in March 2017, I presented the first budget of aPresident who had re-energised the nation and inspired hopein:• The millions of Ghanaians who went to the polls and voted himinto power;• Youthful Ghanaians who believed that their lives would beturned around;• Expectant Parents who believed that their burdens will beeased;• Hundreds of children who believed and hoped that they willhave opportunity to improve their lives through education;• University graduates who believed that they might haveopportunity to wake up in the morning, dress up and show upfor work;
164 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year• Businesses who believed that interest rates would come downso that they can borrow and expand their businesses andemploy more people;• Dying businesses that required some stimulus to live again likethe bones in Ezekiel;• Ghanaians who had sat in darkness and wanting to see light;• Our Development partners who believed that they can revitalisetheir partnership with us; and• The international investor community and also in the IMF,whose programme with Ghana had derailed.279. Mr. Speaker, I am happy to announce that those who believed,have seen their dreams and aspirations come to fruition:• 100,000 trained graduates who have been home for years,despondent without hope, now have the opportunity tocontribute to our national development;165 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year• 271,000, 16 –18-year olds who would have been thrown ontothe streets but for free SHS are now seated in classroomsgetting an education and gaining training to give them a betterfuture;• And as the Bible says, for those who sat in darkness, they haveseen a great light. This is in spite of the deep challenge and thegrievous harm that has been done through questionable take orpay contracts, for which we will have to pay some $600 millionannually whether we switch on the light or not. But we haveresolved to do so;• Nurses and teachers who believed that the government willcome to their aid, we have met their aspirations and hope; and• Over 1.5 million depositors who but for the timely interventionof Government would have lost their businesses and their lifesavings and deposits of over GH¢ 9 million.
166 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year280. Ghana’s international profile is now on the rise; in the last year,the President has hosted several Heads of State andGovernments, as well as high profile international dignitaries.Global Leaders and investors are lining up now to pay seriousattention to Ghana.281. Mr. Speaker, we are proud of what we have accomplished in 22months and are certain and resolved to deliver a future thatmeets the hopes and aspirations of our people through thisbudget and into the medium term.282. Mr. Speaker, this story of hope continues. This budget meetsthe expectations of Ghanaians for better infrastructure andhousing, increased economic activity through unprecedentedinvestment in industrialization and agriculture, expanding jobopportunities for entrepreneurs, and rising incomes.283. In the next 26 months, we are determined to address:167 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year• The hope of farmers whose food crops are getting rottenthrough expanded storage facilities; improved marketing andthe intervention of the Ghana Commodity Exchange;• The challenges faced by communities that lack access to potablewater and continue to drink water from streams;• The lack of ambulances for our pregnant mothers and sickrelatives;• Transportation challenges through better roads and railnetworks;• The challenges faced by our market women who have to selltheir wares on the dusty ground and in the scorching sun byproviding improved markets and stalls;• The difficulties faced by fisher folk by providing them withlanding beaches, cold storage facilities and thereby improvingtheir incomes;168 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year• Meeting the spiritual needs of our people with the promotion ofthe Ghana National Cathedral.284. Through this budget, we will frontally address the sanitationchallenges faced by many of our towns and cities.285. In this 2019 budget we have chosen to sacrifice and build forthe future; we have chosen to invest in people; we have chosento boldly tackle the infrastructural needs of the people with a $2billion facility next year. We have chosen to make our rich oilresources more accessible to credible investors throughcompetitive bidding and we aim to hit, God willing, a millionbarrels of crude oil production within a matter of a decade. Itmay sound ambitious, but we are confident in the plan that wehave. We know that Ghana’s rich bauxite resources have thepotential to deliver over $500 billion in revenue and create tensof thousands of jobs along the value chain, if we stick to thePresident’s vision and commitment to build an integrated
169 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearaluminium industry, as spelt out in the law. We know that theGhana industrialisation project is ready for that long-awaited bigtake-off. It is not by sheer accident that the big multinationalsin the automobile industry are signing up to set upmanufacturing hubs in Ghana. It is not by accident that we werethe fastest growing economy in the world last year and stillgrowing strong.286. We have chosen 2019 as the year to begin some landmarkredevelopment projects that will stamp Accra’s growingreputation as the main city for business and holiday travellersin our region and beyond. Three of these major multi-billion cediredevelopment projects are namely the Marine Drive, Trade FairRedevelopment and the Energy City. Ghana, Mr Speaker, isworking again and will work for the benefit of the people and tothe Glory` of God.170 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Year287. We have chosen to be bold in devising a budget that deals withthe past; delivers opportunity in the present, while investingresponsibly into the future. We will not heed the voicesencouraging us to eat the seeds that need to be harvested forthe future. We shall not be discouraged by the voices that seekto play down the gains that we constantly continue to make.We pledge not to repeat the mistakes of the past; so long asthe majority of Ghanaians continue to keep faith with ourleadership.288. The 2019 National Budget addresses the past. Exiting the IMFprogramme is a great achievement towards fiscal sovereigntybut not from eternal fiscal discipline; expenditures on SHS isexpensive but a responsible investment that providesincalculable future returns on our greatest asset – our children– the next generation of Ghanaians who will inherit the futurethat we create today. In this budget, we have invested in171 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial YearMASLOC so that small businesses up and down the country canhave additional cheaper access to credit. We were alsochallenged that in looking at the past and into the future wecould not ignore the urgency of today—the development anddelivery of electricity, inputs for agricultural expansion, healthcare and better roads and infrastructure. 2019 is a budget thatbetter enables us to balance the decisions of the past and theneeds of today with the pillars and foundation needed to builda better tomorrow.289. We also recognize that building national prosperity is not theexclusive domain of Government. If, we are to win in pushingGhana Beyond Aid then every single one of us must own it; becitizens in developing our nation and not just mere spectatorswith strong opinions only as our contribution. I thank all theproductive communities of Ghana and all Ghanaians for the epicsacrifices and contributions you make every day. I particularly
172 | The Budget Statement and Economic Policy of the Government of Ghana for the 2019 Financial Yearthank the community of faith whose intercession and prayersfor this nation are unceasing. The Government recognizes andappreciates the role you play in fulfilling the biblical mandate inMatthew 25 to “feed the hungry, clothe the naked, take care ofthe sick and visit the prisoner.” Government’s partnership withyou to lift the vulnerable and needy is stead-fast andimmovable.290. I believe, that with faith as our shield and God-loving Ghanaiansas partners, the promise of God in Genesis 12:2-3 will also beours: “I will make you a great nation; I will bless you and makeyour name [Ghana] great… And in you all the families of the(earth) [Ghana] shall be blessed”291. Mr. Speaker, in the Spirit of the season, I declare that by thisbudget, we bring Glad Tidings of Great Joy, of Hope, Relief anda Renewed strength. Indeed, Emmanuel God is with us!!!292. God Bless us all and our dear country, Ghana!