Mid-year budget review postponed to July 25, 2022

Finance Minister, Ken Ofori-Atta

The mid-year budget review has been postponed to July 25, 2022, Parliamentary correspondent, Kweku Asante has confirmed.

The Finance Minister, Ken Ofori-Atta, was scheduled to give an update on the first-half year revenue and expenditure estimates on Wednesday July 13, 2022 but the date was changed due to government ongoing negotiations with the International Monetary Fund for economic support .

This is expected to allow government to possibly make some recommendations to the budget, after the conclusion of the discussions with the visiting IMF team.

The IMF delegation in Ghana will later today, [12, 06, 2022] Tuesday, meet the Finance Committee of Parliament as part of the ongoing negotiations.

The team has been in Ghana since last week after the country declared its intention to return to the Fund for economic support, following some instability in the economy.

Ghana's total debt stock as of the end of the first quarter of 2022 was estimated at GH¢391.9 billion, about 79% of Gross Domestic Product,

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Finance Minister

Ken Ofori-Atta

Kweku Asante