Mid-year Budget Finance minister presents budget review to Parliament today

The budget is expected to review most of the macroeconomic estimates set in the 2016 budget submitted to parliament in November 2015.

  • Published: , Refreshed:
Finance Minister Seth Terkper play

Finance Minister Seth Terkper

24/7 Live - Subscribe to the Pulse Newsletter!

Finance Minister Seth Terkper is expected to present the mid-year budget review to parliament Monday, July, 25.

He was initially scheduled to address parliament on Friday, July 22 but it was cancelled to make way for MPs to attend the funeral of late MP for Abetifi, Peter Wiafe Pepra.

The budget is expected to review most of the macroeconomic estimates set in the 2016 budget submitted to parliament in November 2015.

Terkper is expected to review the projected Gross Domestic Product (GDP) growth from 5.4 percent to 4.1 percent.

Also, the year-on-year inflation and the fiscal deficit of 10.1 % and 5.3% respectively will also be reviewed.

The finance minister will also announce measures to address revenue shortfalls due to the reduction in crude oil production in the Jubilee fields as well as plummeting commodity prices.

He will also seek approval from parliament to spend money accrued from the energy sector levy as well as the restructuring of a substantial portion of debts owed by the Volta River Authority (VRA).

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Poverty Gap Ghana’s policies make the rich wealthier – UNbullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
4 NPP government Ghana Beyond Aid is fight for economic emancipation...bullet
5 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
6 $100K Saga Presidency denies having knowledge of $100,000...bullet
7 SSNIT Scandal 10 SSNIT staff with fake certificates...bullet
8 In Upper East 2 men killed in daylight bank robberybullet
9 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
10 Job Creation Nation Builders Corps to be launched end...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Support Finance minister buys Kantanka carbullet
4 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
5 Money Alert Meet Africa's richest womanbullet
6 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 New Phone Nokia’s MWC 2018 event in 7 minutesbullet