The Minister of Finance, Ken Ofori-Atta will present the 2023 mid-year budget review today, Monday, July 31, 2023.
Originally slated for July 27, 2023, the presentation was rescheduled to July 25, 2023, only to be cancelled.
“In accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921), the Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy of the Government of Ghana for the 2023 Financial Year, is expected to be presented to Parliament on Monday, 31st July 2023,” the Finance Ministry announced in a statement.
The presentation will provide an update on the implementation of the 2023 Budget, with insights into the economic and fiscal performance for the first half of the year.
The mid-year budget review is expected to prioritize policies aimed at securing economic stability and fostering growth.
A key aspect of the Mid-Year Policy Review will also highlight various reforms particularly the POST COVID-19 PROGRAMME FOR ECONOMIC GROWTH (PC-PEG) designed to strengthen controls and institutions within the country.
Specific areas targeted for enhancement include expenditure commitment control and arrears clearance, debt management, governance, tax policy and tax administration, as well as energy sector and cocoa sector reforms.