Tag: 2023 budget
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![2023 budget statement and economic policy [Full text]](https://citibusinessnews.com/wp-content/uploads/2022/11/ken-ofori-atta-before-censure-committee-1140x570-1.jpg)
2023 budget statement and economic policy [Full text]
The Finance Minister, Ken Ofori-Atta presented the 2023 budget in Parliament on Thursday. In the budget, he among other things announced a 2.5% rise in VAT from next year and the reduction in the e-levy rate from 1.5% to 1%. Below is the full statement read by Mr. Ofori-Atta. 2023 BUDGET SPEECH 24TH NOVEMBER 2022…
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Cedi loses 53.8% of its value as gov’t adds GH¢93bn debt in 2022
Ghana’s Cedi has declined by 53.8% in value against major currencies, since the beginning of 2022, Finance Minister Ken Ofori-Atta has said. Presenting the 2023 Budget in Parliament on Thursday, Mr. Ofori-Atta blamed the demand for foreign exchange as one of the reasons for the decline of the cedi. “The demand for foreign exchange to…
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Use 2023 Budget to lay foundation for long-term sustainability – IEA to Gov’t
Government is being urged to use the 2023 Budget and Economic Statement to help chart a new path and restore macroeconomic stability for the country. This, the Institute of Economic Affairs believes this will help build back the Ghanaian economy. The Institutes call comes as the country is experiencing one of its worst economic crises…
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Finance Minister hints of favorable budget to revive economy
The Minister of Finance, Ken Ofori-Atta has hinted that the 2023 budget will roll out pragmatic policies that revive the economy from the grappling effect of the current crisis. The Finance Minister maintains that his tenure has seen some amount of significant improvement in the economy. He made these comments when he appeared before the…