Ken Ofori-Atta budgets GHS 27.4 billion as expenditure for 2021 first quarter

October 28, 2020 3:25 PM

The Minister of Finance, Ken Ofori-Atta, today, presented a budget of GHS 27.4 billion to parliament as expenditure for the first quarter in 2021.

Finance Minister, Ken Ofori-Atta

The Minister asked Parliament to approve the amount from the consolidated fund in order to keep government business running after the December 7 polls.

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The presentation, known as Expenditure in Advance of Appropriation, has become a usual characteristic of election years to prevent transitional challenges in the smooth running of government for the first three months in the year after an election.

He said: "by resolution, the withdrawal of the sum of twenty-seven billion, four hundred and thirty-four million, one hundred and eighty thousand, five hundred and twenty Ghana cedis (GHS27,434,180,520.00) from the Consolidated Fund.”

Ghana's Finance Minister, Ken Ofori-Atta. Pulse Ghana

“This is for the purpose of meeting expenditure necessary to carry on the services of the Government in respect of the period expiring three months from the beginning of the financial year or on the coming into operation of the Appropriation Act in respect of the 2021 financial year.”