Finance Minister Ken Ofori-Atta is in Parliament to lay before the House the 2022 Budget Statement and Economic Policy of Government.
He is doing so on behalf of the President and in accordance with Article 179 of the 1992 Constitution and Section 21 (3) of the Public Financial Management Act, 2016, (Act 921).
Article 179 (1) states: “The President shall cause to be prepared and laid before Parliament at least one month before the end of the financial year, estimates ofd the revenues and expenditure of the Government of Ghana for the following financial year.”
While that Section 21 (3) of the Public Financial Management Act, 2016, (Act 921) indicates that “the Minister shall, on behalf of the President, lay before Parliament not later than the 15th of November of each financial year, estimates of the revenues and expenditure of the Government, the annual budget, for the ensuing financial year.”
The Finance Minister is expected to end the presentation by 2pm.
Considered as the most anticipated document in Ghana’s history, the budget is focusing on expanding Ghana’s economic recovery from the COVID-19 pandemic.
A statement ahead of the budget presentation by the Finance Ministry said:” The Budget will primarily focus on expanding on the economy’s recovery from the COVID-19 pandemic, as well as creating a climate-friendly entrepreneurial state to address unemployment and import substitution.
“Digitalisation of the economy, skills development and entrepreneurship will also feature prominently in the presentation”.
Stay tuned to follow the updates of the 2022 budget reading:
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