Finance Minister presents 2021 budget review today

The Minister of Finance, Ken Ofori Atta, will later today, Thursday, July 29, 2021, present the mid-year budget review to Parliament.

It is in fulfillment of Article 179 of the 1992 Constitution and the Public Financial Management Act 921.

Ofori Atta will brief Parliament on an update on the implementation of key programmes, including, strategies by the government to create employment for Ghanaians in general and the youth in particular.

It is also expected that the Finance Minister will announce review of some of the targets and policies earlier announced in the 2021 budget.

Government through the 2021 budget statement and economic policy introduced new taxes on petroleum products, 1% COVID-19 Health Levy on VAT Flat Rate Scheme and 1% on the National Health Insurance Levy (NHIL) as part of revenue measures to help the economy recover from the effects of the global pandemic.

It said the Mid-year review would also highlight the status of the implementation of the Ghana CARES “Obaatanpå’ Programme that sought to revitalize and transform the economy to pre-pandemic times.

“The review is also expected to focus on revenue, expenditure, and financing performance for the first half of 2021 and provide an overview of the implementation of the 2021 Budget,” the government said in a statement.

It said the Mid-year review was also expected to touch on the assurance of the government on securing Covid-19 vaccines for vaccination and effective domestic revenue mobilization initiatives.

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