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Tag Archives: GhBudget

2018 budget: What will it offer? [Article]

Tomorrow, Wednesday, November 15, Finance Minister, Ken Ofori-Atta will present the annual second budget to be drawn up by the incumbent President Nana Akufo-Addo administration to Parliament. Since assuming office at the beginning of this year, the incumbent government has strived to achieve a balance between its avowed commitment to supply side, expansionary economic policy aimed at accelerating growth and ...

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IMANI’s quick picks from 2017 Budget

The general feeling is that the Minister passed his first test given the replication of major campaign promises in the budget. The structure of the budget itself didn’t change much from the previous and the minister and his economic team employed great skill not to stray significantly from economic targets set by the previous government at least for the 2016 ...

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Economy projected to grow by 6.3% in 2017

Government has projected a  real GDP growth of 6.3 percent; with oil for the year 2017, while non-oil real GDP growth is estimated at  4.6 percent. This is compared with the 2016 GDP, based on the provisional out-turn for the first three quarters of the period, which is estimated at 3.6 percent, with the non-oil real GDP estimated at 4.6 ...

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Kumasi-Paga rail line, others captured in 2017 budget

The Minister of Finance, Ken Ofori Atta, has outlined government’s intended projects aimed at revamping the railway sector. Key among these projects, is the completion of the railway lines along the Sekondi to Takoradi via the Kojokrom section. This according to government, “will help improve the operational performance and revenue of Ghana Railway Company Limited (GRCL) and enable the Company wean ...

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Importers excited over abolition of 1% special import levy

Importers in Ghana have welcomed the abolition of the 1% special import levy charged at the ports. The Finance Minister, Ken Ofori-Atta, announced this among other tax cuts in the budget presentation before parliament earlier today [Thursday] in parliament. The special levy which was introduced in 2017 by the previous government, has received huge backlash from importers, describing it as ...

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Accra marine drive project to start in 2017

Work on the Accra marine drive investment project will finally start in 2017. This forms part of the Akufo-Addo government’s plan to develop Ghana’s tourism sector to meet international standards. The Finance Minister, Ken Ofori Atta, made this revelation when he presented the 2017 budget statement and economic policy in Parliament on Thursday, March 2. Speaking on the tourism and ...

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Bawumia storms Parliament for 2017 budget statement

Vice President Dr. Mahamudu Bawumia is in Parliament to observe the Finance Minister’s presentation of the first budget statement of the Akufo-Addo government for the year 2017. It is often not the usual occurrence for the President or even the Vice President to be present during a budget reading. But it appears that Dr. Bawumia, an economist, who is expected ...

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#GhBudget: 40% economic sector budget allocated to Power Ministry in 2016 [Infographic]

The National Democratic Congress (NDC) government allocated almost 40% of the economic sector budget to the Power Ministry in 2016. The Ministry was allocated GHs884 million to enable it address the country’s worsening power crisis. Of the total amount allocated, the government was to contribute only GHs84 million, while GHs30 million came from the internally generated funds. The government was expecting ...

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