Economy of Ghana Budget review to be presented next week

The Finance Minister is expected to review some Marco-Economic targets set out in the 2017 budget to ensure that it ends the year on a good note.

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The Finance Ministry has proposed to present the mid-year review of 2017 budget on either July 25 or July 26, 2017 to Parliament.

The date is subject to the approval of the house in line with its schedule.

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The minister is expected to review some Marco-Economic targets set out in the 2017 budget to ensure that it ends the year on a good note.

Expectations of Industry players

Some economists have indicated that the Finance Minister should use the opportunity to review the government’s revenue target of 34 billion cedis for 2017.

This is because, for the first four months of this year, the government was hoping to mobilise a little over GHC10 billion, but actually made GHC8.7 billion.

This means the State is not halfway through meeting its target.

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Others have also asked that Ken Ofori-Atta uses the opportunity to give details on discussions with the International Monetary Fund (IMF) on the programme extension.

Economist Professor Godfred Bokpin told Accra-based Joy FM that the government must consider outlining some additional measures that would help consolidate gains made in checking its expenditure. 

However, he expressed worry that the challenges with the revenue mobilisation could impact negatively on the end of year deficit target.

Latest fiscal data showed that government spent GHC13 billion against programmed target GHC16 billion, for some, this is an indication manager.

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