Ken Ofori Atta to present the Mid-year budget review on July 23

On Thursday 23rd of July, 2020, the Finance Minster, Ken Ofori-Atta is scheduled to present the mid-year budget review to parliament.

According to Section 28 of the Public Financial Management Act, 2016 (Act 921), the minister is mandated to do so.

Government’s budget for 2020 financial year have been largely affected by the economic implications of the Coronavirus Pandemic (Covid-19).

The honorable Minister is expected to present to Parliament strategies government intends to use pay back the GHS10 billion it owes Bank of Ghana (BoG).

In addition, how the 219 million dollars transferred from the Stabilization Fund to the Contingency Fund to help deal with the impact of the Covid-19 pandemic would be replaced.

However, Dr. Adu Owusu Sarkodie, an Economist is of the view that, the presentation should see review of all key economic indicators.

These include; growth rate, primary balance, budget deficit, revenue and expenditure targets, among others.