New oil discovery: Ghana’s future is positive- Ken Ofori-Atta

Finance Minister, Ken Ofori-Atta, says Ghana has discovered oil just like the country did 12 years ago.

According to him, Ghana’s oil sector faces a brighter future following the good policies introduced by the Nana Addo-led administration.

Presenting the mid-year budget review to Parliament on Monday, Mr. Ofori-Atta said “Our plans and programmes, as outlined in the 2019 budget, are deliberately designed to build a stronger and better-connected country where no community will be left out in our push for sustainable progress in the fastest track possible. We have restored the economy, even more manifestly, we have restored the integrity of the Ghanaian economy. Just like we did over a decade ago. In the words of the latest IMF report, Ghana’s economy is on the mend. We are no longer in the IMF programme that the previous Government surrendered to in 2015, not even four years after Ghana became an oil-rich economy.”

He revealed to the legislators that, “the future is positive. We have discovered oil, just like we did 12 years ago. Except then, we discovered oil at the tail end of the NPP’s second consecutive term in office. This is only the first term.”

“Mr Speaker, this is the government for business, big or small. We are transforming agriculture and we are transforming the industry and we are building the financial base to fuel that drive. In all humility, Mr. Speaker, the kind of transformation we are seeing today has never been done deliberately on this scale since independence. Our policies are leading to the establishment of factories on a scale never witnessed in the history of this country. Not even in the First Republic,” he added.