Tag: Mid-Year Budget Review
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Mid-Year Budget Review: Finance Ministry engages journalists
The Ministry of Finance has engaged the Parliamentary Press Corps, Institute of Financial and Economic Journalists, and select Editors and Business Journalists, for a Technical Briefing session on the Mid-Year Budget Review. The session, chaired by Chief Director, Madam Eva Mends, was held to engage the media on the technical details of the Mid-Year budget…
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IPPs anticipating provision for payment in mid-year budget review
The Chamber of Independent Power Producers and Bulk Consumers is demanding that the government captures the payment of the about US$ 2.3 billion debt owed them in the mid-year budget review. The continuous accumulation of the debt, according to the chamber, is impeding its ability to sustain power generation. Ghana may face an impending power…
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Ofori-Atta delivers 2023 mid-year budget review today
Barring any last-minute hitches, Finance Minister, Ken Ofori-Atta is expected to deliver the government’s 2023 mid-year budget review later in parliament today. The highly anticipated Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy will be government’s first official statement after receiving a US$ 3 billion bailout approval from the International Monetary Fund…
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Finance Minister to engage MPs ahead of mid-year budget review
The Finance Minister, Ken Ofori-Atta is expected to have an intensive engagement with Members of Parliament today, July 28, ahead of the presentation of the mid-year budget review next week. The presentation of the mid-year budget review is scheduled to take place on Monday, July 31, 2023. The event is expected to shed light on…
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Presentation of mid-year budget review pushed to Monday July 31
The much-anticipated Mid-Year Budget Review by the Finance Minister, Ken Ofori-Atta, has been postponed to Monday, July 31. Originally slated for July 27, 2023, the presentation was later rescheduled to July 25, 2023, only to be cancelled again until further notice. The last-minute cancellation of the budget review has stirred curiosity among Members of Parliament…
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Fiscal policy analyst calls on govt to scrap COVID-19 Health Recovery Levy
Dr. Alex Ampaabeng, a fiscal policy analyst, has called on the government to scrap the COVID-19 Health Recovery Levy to ease the tax burden on citizens. The COVID-19 Health Recovery Levy is a special levy on the supply of goods and services and imports, introduced in 2021 through an Act of Parliament, to raise revenue…
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Business Community urges govt to introduce tax relief measures in mid-year budget review
Stakeholders in the business community are urging the government to introduce tax relief measures in the upcoming mid-year budget review. According to Section 28 of the Public Financial Management Act, 2016 (PFMA) Act 921, the Finance Minister, Ken Ofori-Atta, is required by law to present the mid-year budget review to Parliament “not later than six…
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Mid-year budget: Atta-Akyea confident gov’t will prioritize revenue measures reforms
Ahead of the mid-year budget review, Chairman of the Mines and Energy Committee of Parliament, Samuel Atta-Akyea, is confident government will prioritize making revenue measures effective. The mid-year budget review which was earlier slated for this week was postponed due to the government’s engagement with the IMF for a bailout program. All other things being…
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Mid-year budget review: Hotels association calls for measures to reduce cost of living
Ahead of the mid-year budget review, the Ghana Hotels Association is calling on the government to introduce policies that will reduce the cost of living in Ghana. According to the association, this would increase the disposable income of the public, which will help increase patronage of tourism and hospitality facilities across the country. President of…
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Abolish 2 % Special Import Levy in mid-year budget review – Abossey Okai Spare Parts Dealers
Ahead of the presentation of the 2020 mid-year budget review later this month, the Abossey Okai Spare Parts Dealers Association in Accra, has reiterated its call on government to review the extension of the 2 % Special Import Levy. The levy, which is applied on all imported goods into the country with the exception of…