The Minister of Interior, Ambrose Dery, has said the government is capable of managing the country’s economy, adding that the global COVID-19 pandemic has caused many economies around the world to struggle.
He said that the 20% cut in expenditure by all government agencies and ministries is an indication that the government is determined to improve the economic situation.
According to him, the country does not need assistance from the International Monetary Fund (IMF) to manage the economy.
“We’ve cut 20% budget across the board. Why do we do that? Because we want to let the country know that we are a government that is capable of managing the economy. We don’t need IMF to tell us to cut what we should cut,” Dery spoke to Beatrice Adu on The Big Bulletin on Wednesday (16 March).
“We’ve cut it [budget allocations] and we are still surviving. The economic hardship, I will say should be put in context; it’s a global challenge. Even now, look at the prices of petroleum products on the world market going higher every day; but have we given up? No, we haven’t,” Dery added.