Tag: Expenditure
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20% quarterly expenditure ceiling will enhance credibility of 2022 budget – Economist
Economist Courage Martey has stated that the government’s move to reduce the quarterly expenditure ceilings across the board for all covered entities benefiting from the 2022 Budget by 20% beginning 2022 quarter one, will enhance the credibility of the 2022 budget. The Minister of Finance, Ken Ofori-Atta, earlier this month announced that, in a prudent…
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Government collects GHS28.3 billion in 1st half of 2021; misses target by 13%
Government has missed its half-year revenue target by about 13%. Total Revenue and Grants from January to June this year amounted to GHS 28.3 billion as against a programed amount of GHS 32.4 billion. The government performed better on the expenditure front as it fell short of its programmed amount by about GHS 5 billion,…
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We’ve not exceeded our financing limit to the budget – BoG
The Bank of Ghana (BoG), has told the Public Accounts Committee (PAC) that it has significantly reduced its support to the budget in compliance with the directive that placed a cap on the bank’s financing. At the PAC sitting on Wednesday, September 2, First Deputy Governor of the BoG, Dr. Maxwell Opoku Afari, said they…