2023 Mid-Year Budget Review. Archives

02 Aug

I Am Disappointed By The Mid-Year Budget – GUTA President

Wontumi1Business2023 Mid-Year Budget Review., GUTA

The GUTA President, Dr Joseph Obeng has expressed disappointment at the 2023 mid-year budget. According to him, despite the fact that no new taxes were introduced, they expected some existing ones to have been scrapped or the rates reduced. “The budget did not touch on the high cost involved in doing business, no revision on taxes, high interest rate and high inflation issues have not been solved. Inflation from 53% to 42% is not acceptable, nothing has changed, there is no new thing in the budget,” he said. Speaking in an interview on TV3’s Ghana Tonight, July 31, Dr Obeng…

01 Aug

Mid-Year Budget Review 2023 [Full Statement]

Wontumi1Business2023 Mid-Year Budget Review.

The Minister of Finance, Ken Ofori-Atta on Monday, July 31, 2023, presented the mid-year budget review in Parliament. The presentation happened after it was postponed twice from July 25 to July 27 and finally to July 31. Mr. Ofori-Atta in his presentation disclosed that Ghana is currently making modest gains in turning the economy around after experiencing severe economic hardship in 2022. He described 2022 as the worst year for him as Finance Minister. The finance minister then went on to disclose the government’s commitment to pursuing a robust growth strategy within the country’s limited fiscal space and the fiscal consolidation programme to ensure an economic…

28 Jul

Finance Minister To Engage MPs Ahead Of Mid-Year Budget Review

Wontumi1Business2023 Mid-Year Budget Review.

The Finance Minister, Ken Ofori-Atta is expected to have an intensive engagement with Members of Parliament today, July 28, ahead of the presentation of the mid-year budget review next week. The presentation of the mid-year budget review is scheduled to take place on Monday, July 31, 2023. The event is expected to shed light on the government’s fiscal plans for the rest of the year and address measures to ensure economic stability and growth. The Speaker of Parliament, Alban Bagbin urged the lawmakers to avail themselves to make inputs into the Mid-year budget review. “Basically, it will be focusing…

21 Jul

Presentation Of Mid-Year Budget Review Rescheduled To July 27

Wontumi1Business2023 Mid-Year Budget Review., Finance Minister Ken Ofori-Atta

The presentation of the mid-year budget review by the Finance Minister, Ken Ofori-Atta has been rescheduled to Thursday, July 27, 2023. The Second Deputy Majority Whip, Habib Iddrisu said this when he presented the business statement for the ensuing week in Parliament in Accra on Friday, July 21, 2023. “The committee also took into account a formal communication from the Finance Ministry that the mid-year budget review will be presented on Thursday, July 27, 2023, instead of Tuesday, July 25, 2023, as announced by the business committee,” he stated. The First Deputy Minority Whip, Ahmed Ibrahim expressed worry that the…

05 Jul

Urgently Work With BoG To Address High Inflation; Expand Tax Net Instead Of Introducing New Ones – GNCCI To Government

Wontumi1Business2023 Mid-Year Budget Review., BoG, GNCCI, inflation, Tax net

The Ghana National Chamber of Commerce and Industry (GNCCI) is calling on the government to urgently work with the Bank of Ghana to find innovative ways of addressing the high inflation in the economy. This is part of its propositions for government to consider in the 2023 Mid-Year Budget Review. According to the Chamber, addressing the high inflation will help businesses to secure funds for expansion and recovery from the impact of COVID-19. The continuous increases in the policy rate and in effect lending rate, the Chamber said, are adversely affecting key productive sectors as well as the overall growth…