The theme for the budget is putting ghana back to work. New ghana government aims at deficit, inflation in first. Parliament is set to listen to the finance minister, ken oforiatta deliver governments budget for 2018. Find below downloadable documents on the 20 budget statement and economic policy of ghana. Please find below a list of comprehensive budget statements spanning 1998 through to 2018. And now the continent is faced with severe uncertainties about its growth prospects and the changes of reaching its development goals. Terkper minister for finance on the authority of his excellency president john dramani mahama. The budget statement and economic policy ghana news.
Imani ghana release quarterly report on ghanas budget. The statistic shows ghanas budget balance in relation to gdp between 2009 and 2018, with projections up until 2021. This page provides the latest reported value for ghana government spending plus previous releases. The politics of ghanas budgetary system tony killick cddodi policy brief no. Ghana budget balance in relation to gdp 2021 statista. The 2016 budget statement and economic policy of the government of ghana is also available on the. The budget statement and economic policy of the government of. Speaker, this presentation is an abridged version of the 20 budget statement.
Mar 02, 2017 today march 2, 2017, the minister of finance, ken ofori atta presented the governments budget statement to parliament. The nexus between government investment expenditure and private investment in ghana article pdf available february 2016 with 208 reads how we measure reads. The government now projects the overall fiscal deficit for 2014 to be 9. A positive value indicates a budget surplus, a negative value indicates a deficit. Ahead of the presentation of the 20 budget, ghanas finance minister, seth tepker has signaled that government will be targeting tighter fiscal management this year. Government aims for tighter fiscal management in 20. Pdf government expenditures and economic growth dynamics in.
Based on the new base year of 20, real gdp growth in 2017. Terkper minister for finance on the authority of h. The budget statement and economic policy of the government of ghana for the 2016 financial year presented to parliament on friday, th november 2015 by seth e. Partneringwofagric 2019 set to reverse the unsung hero8th annual preharvest conference and. Ghana to increase health care spending ghana oxford. The theme for the budget was transformational agenda. Speaker, the end december 2012 debt simulation exercise showed. Ghana government budget 20042018 data 20192020 forecast. The minister for finance, ken oforiatta, today thursday march 2, 2017, presented president nana akufoaddos first budget statement before parliament. Speaker, honourable members of parliament, on the authority of president nana addo dankwa akufoaddo, i beg to move that this honourable house approves the financial policy of.
The budget statement and economic policy ghana news ghana. The budget highlights the removal of most of what the government of the new patriotic party npp considers nuisance taxes. The budget statement and economic policy of the government. The budget highlights of the budget statement and economic policy of the government of ghana for the 2016 financial year presented to parliament on friday, th november 2015 by seth e. Budget deficit, excluding discrepancy as percentage of gdp. John dramani mahama president of the republic of ghana republic of ghana. Ghana 2017 budget commentary and tax highlights 4 economy and sector al outlook for 2017 2016 economic performance t ax policy pr oposals. Mr tekper, who spoke to newsmen, said that the slippages that led to overrans in 2012 will not be tolerated in 20. On the back of previous years budget which emphasized improvement in production and revenue generation, the 2018 budget has. The communique was endorsed by 23 organisations involved in health care, including charities, professional groups and religious institutions, as well as the. Ghana government budget value 20122019 data 20202022. House approves the financial policy of the government of ghana for the year. News ghana is ghana s leading online news portal for business in west africa and around the world.
The budget was presented at a time the world economy was recovering from the food, energy and financial crises that had engulfed the globe in 20072008. Budget statement and economic policy of the government of. News ghana is ghanas leading online news portal for business in west africa and around the world. It consists of a list of all planned expenses and revenues. Ghana budget 2016 budget statement and economic policy 2016 1. Hence, both government expenditure and revenue of ghana are stationary and integrated of order one. Pdf consequential effects of budget deficit on economic growth. On wednesday, november 19, 2014, the government of ghana presented to parliament the budget statement and economic policy for the 2015 financial year. Ghana recorded a government budget deficit equal to 3. Agriculture mechanisation service centres have been established in 62 districts and 170 more districts earmarked for addition in 20. Parliament is set to listen to the finance minister, ken oforiatta deliver government s budget for 2018.
The 20 budget statement and economic policy of the government is also available on the internet at. Pdf government expenditures and economic growth dynamics. Public expenditure management country assessment and action plan aap ghana prepared by the staff of the world bank and the imf in collaboration with the ghanaian authorities1 may 28, 2004 1 the hipc aap mission took place between february 1625, 2004 and comprised marcelo andrade head, world. Accra, march 2 reuters ghana aims to reduce its budget deficit and inflation in 2017, finance minister ken oforiatta said on thursday in a budget speech designed to show how the new.
Pdf the nexus between government investment expenditure. Following the rebasing of the gdp in september 2018, the economy expanded by 24. Finance minister ken ofori atta is currently before parliament presenting the budget for the 2018 financial year. Madam speaker, i beg to move that this august house approves the budget statement and economic policy of the government for the year ending 31st december 2012. Government expenditures and economic growth dynamics in ghana. The 20 budget statement and economic policy of the government is also. This page provides ghana government budget actual values, historical data, forecast, chart. Ghanas minister of finance, ken oforiatta, presented the 2018 budget statement and economic policy to parliament on wednesday, 15 november 2017.
Budget highlights budget statement and economic policy of the government of ghana for the 2018. Ghana s minister of finance, ken oforiatta, presented the 2018 budget statement and economic policy to parliament on wednesday, 15 november 2017. The ghana cedi recorded a cumulative depreciation of 9. While this may take place in ghana, the imf appears to be concerned more with quarterly cash controls rather than the substance of the budget. Today march 2, 2017, the minister of finance, ken ofori atta presented the governments budget statement to parliament. The budget statement and economic policy of the government of ghana for the theme. The 2019 budget statement focuses on building a more dynamic and stronger economy by accelerating economic growth, modernising agriculture, industrialising society and protecting the vulnerable to create jobs and prosperity for ghana. Ghana recorded a government budget deficit of 3582. Government aims for tighter fiscal management in 20 budget. The statistic shows ghana s budget balance in relation to gdp between 2009 and 2018, with projections up until 2021. National budget the economy following the impressive gains chalked by the economy in 2011, due mainly to the commencement of oil production in commercial quantities at the end of 2010, the pace of the ghanaian economy moderated in 2012 largely on the back. This page provides the latest reported value for ghana government budget value plus. Significant reduction in the budget deficit is commensurate to significant growth and increased revenue mobilisation. Sowing the seeds for growth and jobs presented to parliament on thursday, 2nd march, 2017 by ken oforiatta minister for finance years on gh mobilising for ghana s future on the authority of his excellency nana addo dankwa akufoaddo.
The budget highlights ghana news top local news in ghana. Nov 15, 2015 ghana budget 2016 budget statement and economic policy 2016 1. On the back of previous years budget which emphasized improvement in production and revenue generation, the 2018 budget has been themed putting ghana back to work. November 19, 2014, the government of ghana presented to parliament the budget statement and economic policy for. Preamble ghana s minister for finance, ken oforiatta, presented the 2017 budget statement and economic policy to parliament on thursday, 2 march, 2017.
The files can also be accessed and downloaded from the widget. Pdf the nexus between government investment expenditure and. To address the economic crisis requires a strong fiscal adjustment in the short term and. Two fishing harbours at elmina and james town are currently under construction. Sowing the seeds for growth and jobs presented to parliament on thursday, 2nd march, 2017 by ken oforiatta minister for finance years on gh mobilising for ghanas future on the authority of his excellency nana addo dankwa akufoaddo. In the medium term, government aims to reduce the budget deficit to 3. The 2018 budget statement and economic policy of the government of ghana is also available on the internet at. Conference paper pdf available january 20 with 147 reads. Budget statement and economic policy to parliament on behalf of the president as required by the constitution of ghana. Government plans to further reduce the budget deficit to 6. Securing the bright medium term prospects of the economy. In 2016, economic policy management in trinidad and tobago was negatively impacted by the lacklustre performance of the global economy and in particular. It starts by setting out evidence on the workings of the present system and then asks why the revealed lar ge failings are tolerated.
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