Finance Minister Ken Ofori Atta  will on Thursday, 23 July 2020 present the 2020 midyear budget review to Parliament.

The presentation of the midyear budget review falls in line with Section 28 of the Public Financial Management Act, 2016 (Act 921).

The budget is expected to focus on roadmaps and strategies to generate revenue for the country following the outbreak of the deadly COVID-19  and recovery of the economy.

According to the Finance Minister, the mid-year budget will also examine support for industries and businesses that have been badly affected by the pandemic.

Mr Ofori-Atta says the budget will also consider extending some support to businesses and industries hit by the pandemic.

It is expected that Mr Ofori-Atta will announce a roadmap on how the government will pay back the GHS10 billion that was borrowed from the Central bank and USD 219 million that was transferred to deal with the deadly virus.

Source:myashhfmonline.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

VW to start Ghana assembling operations in November

Volkswagen South Africa (VWSA) will start semi-knocked down (SKD) assembly in Ghana…

2,000 Poultry Farmers Enrolled For Boiler Module In Rearing For Food & Jobs

At least 2,000 poultry farmers have enrolled for the first phase of…

COCOBOD to end Cocoa scale tampering by introducing electronic scales

The Ghana Cocoa Board (COCOBOD) is phasing out mechanical scales in favour…

Government Signs €500m Western Rail Line Deal

Government has signed a historic €500 million contract for the construction of…