Tag: budget
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Budget review: COPEC warns against introduction of new taxes on fuel
The Chamber of Petroleum Consumers (COPEC) has issued a strong warning to the government to refrain from plans to introduce new taxes on petroleum products in the mid-year budget review. The Finance Minister, Ken Ofori-Atta, is expected to present the Mid-year budget review to Parliament on July 25, 2023. COPEC says its sources have revealed…
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Micro Credit Association demand policies to control inflation and cedi fall in budget
Members of the Micro Credit Association of Ghana are calling on the Finance Minister, Ken Ofori Atta to introduce policies aimed at controlling inflation and stabilizing the cedi in the upcoming budget presentation. The economy has been hard hit with the effects of the depreciating cedi and the rise in inflation which is currently at…
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Finance Minister delivers 2022 Budget today
The government’s Budget Statement and Economic Policy for the year 2022 is expected to be presented in parliament today, Wednesday, November 17, 2021, by the Finance Minister, Ken Ofori-Atta. This will be the sixth budget of the Akufo-Addo administration, in accordance with Article 179 of the 1992 constitution. Many await the presentation of the 2022…
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Parliament approves GHS27.4 billion expenditure for 2021 1st quarter
Parliament has approved the government’s request for GHS27.4 billion for the first quarter of 2021. The approval comes two days after the Minister for Finance presented a request for Expenditure in Advance of Appropriation to Parliament. Presenting the report of the Finance Committee on the request to the House, the Chairman of the Committee, Dr.…
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Finance Minister requests GHS27.4 billion for 2021 1st quarter expenditure
The Minister of Finance, Ken Ofori-Atta, has requested for GHS27. 4 billion for the running of the country for the first three months of 2021. He made the request in Parliament today, October 28, 2020. The Finance Minister asked Parliament to approve “by resolution, the withdrawal of the sum of twenty-seven billion, four hundred and…
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Finance Minister to present 1st quarter budget for 2021 next week
The Minister of Finance, Ken Ofori Atta, is expected to present to Parliament next week Wednesday, October 28, 2020, an Advanced Budget; covering government spending for the first quarter of 2021. The expected presentation, known as Expenditure in Advance of Appropriation is a standard practice rolled out in election years to prevent transitional challenges in…
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Finance Minister to present mid-year budget in July
The Finance Minister, Ken Ofori-Atta, is expected to present the Mid-Year Budget Review and Supplementary estimates in Parliament in July this year. This is in accordance with Section (28) of the Public Financial Management Act, 2016 (PFMA) Act 921 which requires that the Finance Minister presents a Mid-Year Review to parliament six months after the…
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Marketers push for increased expenditure on agric
Players in the marketing industry want government to increase its budgetary allocation for the agric sector in 2018. The players argue that proper allocation of funds to boost the agric sector will ultimately result in a massive improvement in the economy. Finance Minister, Ken Ofori Atta will later this month (November) present the 2018 budget…