For Ghanaians tired of the daily bumpy, rugged commute to and fro; massive road construction and rehabilitation is expected in the coming year with provision made for notable trunk and feeder roads in addition to seeing the revamping of the rail network.
The dreaded ‘’dumsor’’ is not expected to resurface as electricity supply is projected to remain stable albeit some unforeseen ‘’technical hitches’’. The reality on the ground is however subject to debate. Bearing any unforseen external pressure, the Cedi is also expected to depreciate at a much slower rate than historically. This will also inadvertedly influence the ex pump price of fuel.
It is envisaged that businesses should be able to access credit easier and at a lower cost than before as the central bank continues to drive down (maintain) the policy rate while government implements pro-small business initiatives and policies among others.
Another line item of significant importance is the sustainability of government’s flagship free senior high school policy. As per the 2019 budgetary expenditure allocation, a sum of GHC 1.6 billion will be set aside to keep this program running. Also In relation to that, the Ghana School feeding program is projected to feed over 2.8 million pupils in the coming year, these are particularly of key importance to the rural folk.
In conclusion, a cursory review of the budget statement seems to reveal government’s over reliance on the proceeds from the Ghana-China bauxite deal. The success of this barter arrangement is key, as most of the key infrastructure projects will be financed from it. These are the yardsticks upon which the average Ghanaian will judge the success of the government come year 2020.