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Finance Minister Ken Ofori-Atta to present mid-year budget on July 23

Finance Minister Ken Ofori Atta is expected to present the mid-year budget review and supplementary estimates for the financial year to parliament on Thursday, July 23, 2020.

Finance Minister, Ken Ofori-Atta

Ofori-Atta will use the opportunity to explain how the government intends to replenish advances it took from the contingency fund and the stabilisation fund due to the COVID-19 which has affected the economy and also examine support for industries and businesses that have been badly affected by the pandemic.

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The Majority Leader, Osei Kyei Mensa Bonsu said the Finance Minister will also use the opportunity to explain how the government intends to pay back the GH¢10bn it borrowed from the Bank of Ghana (BoG) to help deal with the impact of the COVID-19 pandemic.

Some of the issues the finance minister is expected to update lawmakers on include successful implementation of reforms introduced by the government in the banking sector, post-recovery plans in the education sector, health matters, maintaining fiscal discipline ahead of the December general elections, and stabilising the economy and mitigating the impact of the coronavirus on businesses.

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