The Minister of Finance, Dr. Kwabena Duffuor has stated that government will reduce all petroleum prices as soon as Parliament approves the budget to reduce the cost of fuel for the people of Ghana.
He said the National Petroleum Authority (NPA) will immediately structure the new directives in their documents for the commencement of the programme.Dr. Duffuor said this when he laid before Parliament government’s Rescue Package for the national economy.On petroleum revenues, the Finance Minister said, the revenues from oil production will come on board soon. He said the revenues from the oil production will be used to transform and reduce poverty in the country, adding that the rest will also be stored for future use.Dr. Duffuor disclosed that government will also expand the problem of bridging the development gap between the Northern and Southern Ghana to encompass all the savannah areas including Southern part of Brong Ahafo and Volta region.‘We intend to establish savannah areas development authorities, the Northern development fund act will therefore be revised to accommodate a new policy which will be co-opted into Ghana’s medium to long term development programme in 2009.He said government intends to harvest the resources of the savannah areas with value added processes, improved technology attached, coupled with strategic investments in people and social services.In the Central region, he said, CEDICOM will be reactivated as a regional development institution and will be supported to design and establish a job creation strategy, ‘including the integrated development of the fishing belt and food securities.Dr. Duffuor said government will give free school uniforms and exercise books to all school children in the government schools.But the minority in Parliament have refused to accept the details read by the Finance Minister, saying it the budget is spurious and phony, and must not be accepted by the public.
BY: Audrey Micah-Ghanadot
He said the National Petroleum Authority (NPA) will immediately structure the new directives in their documents for the commencement of the programme.Dr. Duffuor said this when he laid before Parliament government’s Rescue Package for the national economy.On petroleum revenues, the Finance Minister said, the revenues from oil production will come on board soon. He said the revenues from the oil production will be used to transform and reduce poverty in the country, adding that the rest will also be stored for future use.Dr. Duffuor disclosed that government will also expand the problem of bridging the development gap between the Northern and Southern Ghana to encompass all the savannah areas including Southern part of Brong Ahafo and Volta region.‘We intend to establish savannah areas development authorities, the Northern development fund act will therefore be revised to accommodate a new policy which will be co-opted into Ghana’s medium to long term development programme in 2009.He said government intends to harvest the resources of the savannah areas with value added processes, improved technology attached, coupled with strategic investments in people and social services.In the Central region, he said, CEDICOM will be reactivated as a regional development institution and will be supported to design and establish a job creation strategy, ‘including the integrated development of the fishing belt and food securities.Dr. Duffuor said government will give free school uniforms and exercise books to all school children in the government schools.But the minority in Parliament have refused to accept the details read by the Finance Minister, saying it the budget is spurious and phony, and must not be accepted by the public.
BY: Audrey Micah-Ghanadot
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