Sectors & markets
Mid–Year Fiscal Policy Review of The 2018 Budget Statement And Economic Policy
The Finance Minister, Ken Ofori-Atta has presented the government’s Mid-Year budget review of the 2018 budget to Parliament.
Among other things he revealed that the economic outlook was difficult, growth outlook has weakened and asked state agencies to cut expenditure to meet revenue shortfalls.
The mid-year budget presentation is in line with Ghana’s Financial Management Administration Act which requires that the Minister for Finance appear before Parliament not later than July 31, to submit a Mid-Year Fiscal Policy review.
The review is to afford the government the opportunity to announce its revision of its economic targets whose key components include the country’s macroeconomic performance and forecast for the remaining half of the year.
It also analyzes the country’s revenue targets and expenditures.
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