Gov’t Lost 13.6bn In Revenue Due To Covid-19 – Kyei Mensah-Bonsu

Gov’t Lost 13.6bn In Revenue Due To Covid-19 – Kyei Mensah-Bonsu

Gov’t Lost 13.6bn In Revenue Due To Covid-19 – Kyei Mensah-Bonsu

Gov’t Lost 13.6bn In Revenue Due To Covid-19 – Kyei Mensah-Bonsu Minister for Parliamentary Affairs and caretaker Minister for Finance, Osei Kyei Mensah-Bonsu, has said that the government lost revenues totaling GHC13.6billion due to the Covid-19 pandemic. Delivering the Budget and Economic Policy to Parliament on Friday, the MP for Suame said “IMF data indicate that the global economy is expected to grow at 5.5%. This reflects an expected positive turnaround. Output gaps are not expected to close until after 2022. Inflation is expected to remain subdued for 2021 and 2022.” “Overall budget deficit on a cash basis was 11.4% of GDP. The…
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