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Government directs SOEs to cut down budgets… but economist argues move could be counterproductive

Government, in giving a glimpse of how the mid-year budget would look like, has directed all State Owned Enterprises (SOEs) to cut down their budgets to redirect the available funds into supporting government’s efforts in the fight against the COVID-19 pandemic. Director General of the State Interests and Governance Authority (SIGA), Stephen Asamoah Boateng, disclosed