Tag: Fiscal Responsibility Act
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Fiscal discipline required to stabilize economy – IFS
A Senior Research Fellow at the Institute of Fiscal Studies, IFS, Dr. Said Boakye, has reiterated the need for more political commitment to ensure fiscal discipline amidst the novel Coronavirus pandemic. According to him, with Ghana’s debt servicing taking 72 per cent of government revenue, the county’s fiscal position is likely to get worse if…
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Parliament approves suspension of Fiscal Responsibility rules for 2020
Parliament has approved government’s request to suspend the Fiscal Responsibility rules in the Fiscal Responsibility Act, 2018 (Act 982) for the 2020 financial year. The Minister of Finance, Ken Ofori-Atta, made the request in the Mid-Year Budget presented to parliament in July this year. The rules forbid the Finance Minister from borrowing to spend beyond…