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Report by Edward FRIMPONG
The Finance Minister Hon. Ken Ofori Attah is expected to be on the floor of parliament to present the mid-year fiscal policy review (Budget Statement).
The Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy of the Government of Ghana for the 2023 financial year is in line with usual practice which indicates Government’s decisive effort to undertake the Post- Budget Engagements to explain the various policy changes to the public.
In accordance with section 28 of the Public Financial Management Act, 2016 (Act 921). The presentation will provide an update on the implication of the 2023 Budget with insights into the economic and fiscal performance for the first half of the year.
In focusing on the outlook, the statement will outline the critical imperatives to restore macroeconomic stability to discuss policies implemented to stabilize the economy, promote growth, and provide social protection for the vulnerable as outlined in the IMF- supported post-COVID-19 program for Economic Growth.
To accelerate economic transformation on the outlook concentration. Structural reforms in expenditure commitment control and arrears clearance, debt management, financial stability, and a growth agenda, amongst others, will be the primary issues to be highlighted on the floor of parliament today 31st July 2023.
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