Tag Archives: BUDGET

The International Monetary Fund (IMF) has backed government’s recent policy towards fiscal consolidation as captured by the 2021 budget. Leader of IMF’s mission Carlo Sdralevich made these observations at the end of virtual meetings under Article IV between Wednesday, April 28 and Wednesday, May 12. “The 2021 budget’s recent policy …

  A declaration by the Minister for Youth and Sports that the country will spend $25million dollars on the 2022 Africa Cup and the World Cup has been met with anger by some Ghanaians on social media. The Minister, at a sports breakfast meeting with President Nana Addo Dankwa Akufo-Addo …

  The decision by the Speaker of Parliament, Alban Bagbin, to insist on the removal of the capping of the budget of the legislature by the executive has paid off with the government forced to reverse its decision to slash the budget allocation of government. Bagbin, it would be recalled, had threatened …

President Nana Addo Dankwa Akufo-Addo has increased the budgetary allocation for the parliamentary service and parliament by over 180 million cedis. The sudden u-turn by the presidency comes weeks after the Executive slashed the budget estimates of the legislature by over 190 million cedis. The move was met with a …

Parliament has approved the 2021 budget by a majority decision Friday afternoon. This follows the rejection of the decision by 1st deputy Speaker Joseph Osei-Owusu who was presiding to rule in favor of the majority in the voice vote by deputy minority leader James Klutse Avedzi. Mr. Avedzi thus demanded …

Majority Leader Osei Kyei-Mensah-Bonsu has indicated that the Speaker of Parliament does not have any power under the law to reject the budget. Speaker Alban Bagbin has threatened to reject the budget because there has been a slash in the budget for the Legislative and Judicial arms of government. In an interview monitored by GhanaWeb, the …

Former Minister of Finance, Seth Terkper, has described the 2021 Budget as an Austerity Budget since it lacks the Management of Expenditure Statement, which has been missing since the 2018 budget. Speaking on GBC’s Current Affairs Programme, ‘FOCUS’, Mr. Terkper said challenges with the Economy started before the outbreak of COVID-19 and asked …

The Speaker of Parliament Alban Sumana Bagbin has issued a stern warning to Committees which will consider the 2021 budget estimates against approving such estimates with the figures offered by the president. The speaker further disclosed that he will not forward the appropriation bill to the president for his assent …

In an effort to achieve direly needed fiscal consolidation while at the same time providing equally greatly needed stimulus to the economy, the President Nana Akufo-Addo administration has unveiled 2021 national budget proposals that comprise a curious combination of tax rebates and newly introduced levies. While the new levies have …

The 2021 budget full of revised austerity notes with bully taxes and levies, an economist Professor John Gatsi has said. The budget statement was presented on the floor of the House by Leader of Government Business in Parliament Osei Kyei Mensah Bonsu on Friday March 12. The budget statement has …