Business & FinancePolitics

My Gov’t will Cut Expenditure by ₵30billion- Bawumia

The 2024 flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia has promised to cut government expenditure by ₵30 billion when elected President come December 7.

His objective is to leverage on the private sector in the provision of infrastructure and other pressing social amenities in order to successfully achieve the estimated expenditure reduction.

It forms part of his agenda to empower the private sector as he stated that enhanced economic growth can only be achieved through the private sector.

“The Government will perform its role but growth depends on the private sector. As such we will shift expenditure from the government to the private sector. To provide buses for schools, we will contract a private sector to get them for us, we pay in instalments. This will enable us to fund and complete stalled projects. The private sector has the money to fund it while the government doesn’t.”

He continued, “This approach will reduce government expenditure by GHC30 billion. This amount will be used to strengthen the private sector.”

The Vice President said this while addressing the Ashanti Regional House of Chiefs on Monday, June 10, 2024, in Kumasi as part of his campaign tour in the Ashanti Region.

He is capping his nationwide campaign in the Ashanti Region and deemed it imperative that he meets the custodians of the land before proceeding.

Chairing the meeting was Asante Mamponghene Daasebre Osei Bonsu II, and among the chiefs present were Domeabrahene Nana Kusi Oboadum I, Offinsohene Nana Dwamena Akenten II, Tepahene Nana Adusei Atwenewa Ampem I and Bompatamanhene Nana Effah Appenteng.

Queens in the Ashanti Region were also duly represented and included Mamponghemaa Nana Agyakoma Difie II and Eijisuhemaa Nana Yaa Asantewaa II.

The Vice President was accompanied by the Chief of Staff at the Presidency, Akosuah Fremah Osei Opare, the Member of Parliament (MP) for Suame, Osei Kyei Mensah Bonsu, MP for Dome Kwabenya, Sarah Adwoa Sarfo, Minister for Energy, Dr Matthew Opoku Prempeh, the Ashanti Regional Minister, Simon Osei Mensah, the Chairman of the NPP, Stephen Ntim and the General Secretary, Justin Kodua Frimpong.

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