Ghana’s Finance Minister Set To Deliver Mid-year Budget

Ken Ofori-Atta

Finance Minister Ken Ofori-Atta will on Thursday, 23 July 2020 present the 2020 midyear spending review to the Parliament of Ghana.

The presentation of the midyear spending review conforms to Section 28 of the Public Financial Management Act, 2016 (Act 921).

The spending plan is relied upon to concentrate on guides and techniques to generate revenue for the nation following the flare-up of the destructive COVID-19 and recuperation of the economy.

As per the Finance Minister, the mid-year spending will also look at support for businesses and industries that have also been hit hard by the pandemic.

It is expected that Mr Ofori-Atta will announce a guide on how the legislature will pay back the GHS10 billion that was acquired from the Bank of Ghana and a USD 219 million that was transferred to deal with the destructive infection.

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