Finance Minister, Seth Terkper, today [Monday] July 25, presented a mid-year budget review and a supplementary budget to Parliament.
The Minister asked Parliament to approve GHȻ1.8 billion to support the budget following a huge revenue shortfall.
In the original 2016 budget, government asked for GH¢ 50,109,851,734 to fund its expenditure but due to challenges in accruing projected cash from the oil revenue, the power crisis, as well as a drop in commodity prices, it was impossible to meet the targets.
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By: citibusinessnews.com/Ghana