Kennedy Ofori-Atta, the minister for finance would be presenting the 2023 Mid-Year budget review in parliament today. The budget which was initially dated 27 July,2023 to be presented was rescheduled to be presented to parliament on the 31st July,2023.
” In accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921), the Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy of the Government of Ghana for the 2023 Financial Year, is expected to be presented to Parliament on Monday, 31st July 2023,” the Finance Ministry announced in a statement.
The presentation by Hon Kennedy Ofori-Atta will discuss policies implemented to stabilize the economy, promote growth and provide social protection for the vulnerable as stated in the International Monetary Fund-supported Post COVID-19 Programme for Economic Growth (PC-PEG).
Further,the budget-review statement will take into consideration, the critical imperatives to restore macroeconomic stability and exacerbate Ghana’s economic transformation.
The issues that will be in focus according to the Finance Ministry include structural reforms in expenditure commitment control and arrears clearance; debt management; financial stability and a growth agenda, including other areas.
“In line with usual practice, we wish to indicate that Government will undertake the Post-Budget Engagements to explain the various policy choices to the public,” the Ministry of Finance included in its statement.
