Government through the Finance Minister, Ken Ofori-Atta has announced some 13 measures to rationalise public expenditure. According to him, these measures are Cabinet directives that are expected to take effect from January 2023. This comes on the back of several calls by some sections of the public for the government …
Read More »National: 98 NPP MPs to boycott budget presentation, Finance Ministry business if Ofori-Atta is not sacked immediately
Ninety-eight New Patriotic Party (NPP) Members of Parliament have resolved to boycott the budget presentation and all Finance Ministry-related business should the President refuse to sack Finance Minister, Ken Ofori-Atta immediately. This new number is an increase from the previous 80 NPP MPs who had earlier demanded the removal of …
Read More »National: 2023 Budget may delay as IMF talks stall statement – Majority Leader
Ghana’s Budget Statement and the Economic Policy for 2023 may not be read on November 15, as scheduled. Majority Leader Osei Kyei-Mensah-Bonsu has revealed that the current negotiation with the International Monetary Fund (IMF) may delay the presentation. The Public Financial Management Act mandates that the budget is presented next …
Read More »Parliament approves 2022 budget statement
Parliament has today November 30, 2021, approved the 2022 Budget Statement and Economic Policy of government presented by Minister for Finance, Ken Ofori-Atta on the 17th of November this year. This comes following earlier confusion on whether or not the budget had been rejected at Friday’s Parliamentary sitting. The Majority …
Read More »Parliament rejects 2022 Budget Statement
Parliament on Friday rejected the 2022 Budget Statement and Economic Policy of Government presented by Finance Minister, Ken Ofori-Atta, on November 17, 2021. All 137 Minority Members of Parliament (MPS) voted against the motion when the question was put by the Speaker of Parliament, Alban Bagbin. The Majority Caucus had …
Read More »Budget 2022: Minority says Tax Projections unrealistic
The Minority in Parliament has cast doubts over the credibility of revenue projections made in the 2022 budget, questioning the ability of the government to meet its GH₵100. 5 billion targets of which GH₵80 billion will be from taxes. Speaking on the floor of Parliament to debate the 2022 Budget …
Read More »2022 budget: Government projects Revenue and Grants of GH¢100.5 billion
Total revenue and grants for 2022 is projected to rise to GH¢100.5 billion, equivalent to 20.0 per cent of Gross Domestic Product (GDP), Mr Ken Ofori-Atta, Finance Minister announced on Wednesday. This is an increase from a projected outturn of GH¢70.3 billion, equivalent to 16.0 per cent of GDP for …
Read More »2022 Budget: Statement: Old taxes will be efficiently applied – Oppong Nkrumah
Information Minister, Kojo Oppong Nkrumah says the 2022 Budget will witness the chunk of the financial resources being devoted to the productive sectors of the economy to consolidate the gains made. He said the Government would old taxes efficiently and substitute old taxes with new ones to sustain the economy. …
Read More »2022 Budget: Gov’t to abolish tolls on all public roads and bridges
Government has proposed to abolish tolls on all public roads and bridges. This is to improve productivity and reduce environmental pollution. Accra, Nov.17, GNA-Government has proposed to abolish tolls on all public roads and bridges. This is to improve productivity and reduce environmental pollution. Mr Ken Ofori-Atta, the Minister of …
Read More »2022 budget to enhance debt and fiscal sustainability – Finance Minister
Finance Minister Ken Ofori-Atta on Wednesday presented to Parliament the Budget and Economic Policy of Government for the 2022 fiscal year. He said the Budget was intentional about Building a Sustainable Entrepreneurial Nation through fiscal consolidation and Job Creation. “This may be an uncomfortable transition but we are a people …
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