Finance Minister, Ken Ofori-Atta, will today July 29, 2021, present the 2021 Mid-year review to Parliament.
Thursday’s presentation by the Minister is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921).
Under the Act, the Minister for Finance is expected to present the Mid-year Review to Parliament not later than 31st July of each financial year and this year’s presentation is being done on Thursday 29th July 2021.
Earlier this week, Deputy Finance Minister, John Kumah, disclosed that there will be no new taxes in the mid-year budget review.
His revelation follows reports that Ken Ofori-Atta will introduce new taxes to shore up revenue and mitigate ballooning debt figures.
“I can tell you that there will no introduction of taxes in the mid-year budget review,†Mr Kumah told TV3 on Monday, July 26.
Also statement issued by the Ministry said the presentation would provide the economic and fiscal performance of the economy for the first half of 2021 as well as provide 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 said the Mid-year review would also highlight the status of the implementation of the Ghana CARES “Obaatanpa†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,†it added.
The Mid-year review is also expected to touch on the assurance of the government on securing Covid-19 vaccines for vaccination and effective domestic revenue mobilization initiatives.
- Additional reporting by GNA