Senchi Report presented to President Mahama • Vice President Dr Kwesi Amissah-Arthur has presented the final report of the Senchi Economic Forum held in May this year to President John Mahama. • The Vice President, who is also head of the Government’s Economic Policy Management Team, presented the report to the President at a short ceremony at the Flagstaff House. • The report, according to the Vice President is expected to restore the country’s economic stability and stimulate growth. • The report is a culmination of the work that was done both in Senchi and after Senchi. • After the three-day national economic forum, ‘The Senchi Consensus’, a 21-point communiqué was issued with recommendations, including the need to “foster a state whose day-to-day management is supported by a professionally competent civil service working in an environment devoid of political victimization and intimidation and where support for the Government is not interpreted as political affiliation.” • Also, the consensus highlighted the importance of government to strengthen the public accounts and finance committees of Parliament to play their oversight responsibilities more effectively, among others. • The highlights of the report include the Bank of Ghana (BoG) fiscal policy reviews and the mid-year budget review, all of which have already been implemented so far. • A key point of the report was the need for an implementation committee to ensure participatory oversight of recommendations reached at the forum, which is also already in place. • The Vice President said the report will address economic challenges of “domestic origin, however, the country would have to adjust to challenges brought about by external factors, explaining “we [Ghana] 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.” • The President said delays in the report was to ensure its accuracy and promised to implement recommendations in the report.
Posted on: Thu, 24 Jul 2014 08:54:32 +0000
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