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Ghana: Finance Minister to present Mid-year budget review today

The Finance Minister, Ken Ofori Atta will today present government’s midyear budget review and economic planning to Parliament.

The Majority Leader, Mr Osei Kyei-Mensah-Bonsu, disclosed this on Friday when he presented the business statement for the week ending 4th July 2017.

This is in fulfilment of the constitutional mandate requiring the Minister to give an account of the performance of the economy before the commencement of the second half of the year.

According to him, members would debate the motion and take it through the other stages of approval in the course of the week.

Mr Ofori-Atta on March 2, 2017, presented the 2017 Budget, which was the first of the New Patriotic Party (NPP) government since assuming power on January 7, 3017.

According to sources the presentation will not see a request for an additional budgetary allocation from the House.

This comes despite the almost normal practice where such presentations have been associated with requests for supplementary budgets.

The decision not to seek additional approval for expenditure from the Legislature also comes in the face of caution that the government may miss its budget targets as its first half performance hasn’t been encouraging

Source: Gily Sparks | parliamentafrica.com

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