The Minister for Finance, Ken Ofori-Atta is expected to present the Mid-Year Budget Review in Parliament on 13 July 2022.
The Majority Leader, Osei Kyei-Mensah-Bonsu revealed this in Parliament on Friday (1 July 2022).
The budget review, which is in accordance with Article 179 of the 1992 Constitution and the Public Financial Management Act 921, presents the opportunity to revise macroeconomic targets and present a comprehensive economic outlook for the rest of the year.
This is normally based on inflows and outflows within the first six months of the year.
The government is expected to announce interventions to recover the economy and provide a supplementary estimate for the 2022 financial year.
Seeking IMF support
It is also expected that the minister will use the occasion to formally announce the government’s engagement with the International Monetary Fund (IMF).
On Friday, President Akufo-Addo authorised Ofori-Atta to commence formal engagements with the International Monetary Fund (IMF).
A statement signed by the Information Minister, Kojo Oppong Nkrumah said “This follows a telephone conservation between the president and the IMF managing director, Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund”
Asaase Radio 99.5 – tune in or log on to broadcasts online
99.5 in Accra, 101.5 in Bawku, 99.9 in Bimbilla, 100.3 in Cape Coast, 90.7 in Ho, 98.5 in Kumasi, 99.7 in Tamale, 89.5 in Tarkwa and 106.9 in Walewale
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.
#AsaaseRadio
#TheVoiceofOurLand
