Tag: 2022 Mid Year Budget Review
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Budget review: We’re making progress, we won’t ask for more money – Ofori-Atta
The Finance Minister, Ken Ofori-Atta, says the Nana Addo Dankwa Akufo-Addo government will not ask Parliament for any additional money. According to him, this was necessitated by the progress made in non-oil tax revenue collection within the year. The Finance Minister made these remarks when he presented the mid-year budget review in Parliament on July…
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Government to use windfall from petroleum sector to address revenue gaps – Ofori-Atta
Government has announced that it intends to use the windfall from the petroleum sector to address revenue gaps and aggressively improve its revenue mobilization drive. This was announced by the Minister of Finance, Ken Ofori-Atta during his presentation of the 2022 Mid-Year Budget Review in Parliament on Monday, 25th July, 2022. According to him, this…
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Gov’t to make $13.2bn savings from renegotiated power contracts – Ofori-Atta
The government says it could save the country about US$13.2 billion from successful renegotiating of some of the Power Purchase Agreements (PPAs). The savings would accrue over the lifespan of the renegotiated agreements, the Minister of Finance, Ken Ofori-Atta, told Parliament. Mr. Ofori-Atta said during the presentation of the mid-year budget review Monday, July 25,…
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Unprecedented global developments forced us to IMF – Ofori-Atta breaks silence
Unprecedented developments across the world forced the government to turn to the International Monetary Fund (IMF) for assistance, Finance Minister, Ken Ofori-Atta has said. In his first public remark after Ghana invited IMF to support it, Ofori-Atta said although the government had tried resisting the urge of signing up for an IMF bailout, Russia’s invasion…
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2022 mid-year budget review [Full speech]
The Finance Minister, Ken Ofori-Atta has presented the 2022 Mid-Year Budget Review to Parliament for approval. The review, which did not see a request for new funds, noted the current macroeconomic figures that have suffered in recent times. It also announced a return of road tolls on the Tema-Accra Motorway in the future and the…
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Mid-year budget: Gov’t urged to cut down expenditure to align revenue targets
Economist, Courage Boti, is calling on government to cut down what he calls excess expenditure to align its revenue targets with its expenditure as the country seeks an IMF bailout. This forms part of issues he expects to be addressed in the upcoming mid-year budget review presentation on Monday. Ahead of the presentation, many stakeholders…
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Use Mid-Year budget review to reduce E-Levy rate – Prof. Quartey
Ahead of the presentation of the 2022 mid-year budget review, the Institute of Statistical, Social and Economic Research (ISSER), is calling for a reduction in the current charge rate of the Electronic Transfer Levy (E-Levy). The presentation of the Mid-Year budget review by the Minister of Finance Ken Ofori-Atta, which is expected to come off…
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Use 2022 Mid-Year Budget to review tax exemption regime – GUTA
The Ghana Union of Traders’ Association (GUTA) has once again underscored the need for government to review the tax exemption regime to curtail revenue losses, as the Minister of Finance, Ken Ofori-Atta prepares to present the Mid-Year Budget Review on the 13th of July. According to the Association, there is a lack of urgency in…