Vice President presents Senchi Report to Prez. Mahama
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The Vice President, Kwesi Amissah-Arthur has presented the Senchi Report to the President at the Flagstaff House in Accra.
The report covers all major areas aimed at restoring economic stability for Ghana and the stimulation of growth.
Economic policy makers, representatives of traders associations, development and social partners, civil society organizations, members of academia and senior citizens participated in the three-day non-partisan National Economic Forum at Senchi.
There have since has been calls on the government to hasten the publication of the Senchi Report weeks after the National Economic Forum.
Addressing the media after presenting the report, Mr. Amissah-Arthur stated that there are timelines for which policies are to be implemented to yield results.
He cited an example, saying, “the law that Senchi recommends for the Bank of Ghana to limit the financing of the deficit; we’ve given the year 2015 as a deadline by which time we should have a law that restricts government borrowing from the central bank.”
The Vice President also mentioned that the report tackles problems with “domestic origin” but external factors contributing to Ghana’s economic challenges, the nation would “have to adjust ourselves to it because we can’t change the prices of our commodities.”
He said macro-economic balance will be restored while the nation’s deficit will be kept at 8.8% as projected by the Finance Minister, Seth Terkper.
Mr Amissah-Arthur disclosed that Advisory Committee began its work on July 18 and the committee members have been given copies of the implementation matrix for the report.
The committee is required to refine the implementation matrix “to make sure that they are able to better it and have the oversight that is required.”
Regarding the mid-year budget review presented by the Finance Minister last week, the Vice President indicated that “there are many other things in the Minister’s mid-year report that are consistent with the recommendations of Senchi.”
The Senchi Report has been put on the government of Ghana website for the benefit of the general public.
By: Efua Idan Osam
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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