The government through the Ministry of Finance and Economic Planning has today, July 29, presented its 2021 mid-year budget review before Parliament.
The presentation is in accordance with Article 179 of the 1992 Constitution and the Public Financial Management Act 921, which offers the opportunity to revise macroeconomic targets and provide a comprehensive economic outlook for the rest of the year.
Finance Minister Ken Ofori-Atta announced some key job creation programs and projects government intends to undertake over the next three and half years.
He disclosed that the government will not be seeking additional funding and a supplementary budget for the next half of the 2021 financial year.
According to him, the move is intended to contain the country’s rising debt stock as well as avoiding fiscal revenue slippages.
Making the disclosure during the 2021 mid-year budget review before Parliament, Ken Ofori-Atta however told the House that Ghana’s economy was on its path to recovery.
See the full statement read by Ken Ofori-Atta here: