{"id":340914,"date":"2017-07-31T16:23:00","date_gmt":"2017-07-31T16:23:00","guid":{"rendered":"http:\/\/citifmonline.com\/?p=340914"},"modified":"2017-07-31T16:23:00","modified_gmt":"2017-07-31T16:23:00","slug":"2017-mid-year-budget-review-full-statement","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/07\/2017-mid-year-budget-review-full-statement\/","title":{"rendered":"2017 mid-year budget review [Full statement]"},"content":{"rendered":"
The Minister of Finance, Ken Ofori-Atta on Monday delivered in Parliament the 2017 mid-year review budget.<\/p>\n
He touched on the Gross Domestic Product (GDP), Ghana\u2019s overall revenue performance over the period, debt stock and government\u2019s strategy to reduce the debt stock.<\/p>\n
According to the Minister, government\u2019s medium term debt management strategy seeks to help government \u201cto lower borrowing cost, minimize the growth of short-term domestic debt and lengthen the maturity profile of domestic debt under the re-profiling programme.\u201d<\/p>\n
\u201cThe net result of this strategy should reduce the rollover\/refinancing risk and broaden the range of instruments offered in the domestic market. It is important to recognize that re-profiling does not add to public debt and it remains our expectation that this august House, especially, will be united in supporting Government efforts to re-profile a significant proportion of our national debt stock,\u201d he added.<\/p>\n