2021 Budget Of Ghana
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Total budget for the first quarter contains an overall deficit balance of gh 10 674 343 415 representing 2 4 per cent of gdp.
2021 budget of ghana. Former finance minister seth terkper has projected ghana is likely to miss a 5 7 percent gross domestic product gdp. An amount of gh 27 4 billion has been requested by the finance minister from the government intended towards the expenditure of the first quarter of 2021. 2020 budget statement economic policy 2.
Since the country will be going into a general election in december the budget is expected to be tentative depending on who wins. The minister of finance ken ofori atta will today present the budget statement of the first quarter in 2021. Government requests parliament to approve 3bn sovereign bond in q1 2021 the government of ghana gog has requested parliamentary approval for the issuance of a 3 billion sovereign bond next year.
Ghana s finance minister ken ofori atta. The request was made when finance minister ken ofori atta appeared in parliament on wednesday october 28 2020. 2020 citizens budget 4.
Total revenue and grants are projected at ghc 56 956 million or 13 percent of gdp for 2021 based on the 2021 fiscal framework and this represents a nominal growth of 9 7 percent over the revised. Importantly the guidelines reveal the key fiscal targets for 2021 as well. Economy likely to miss 5 7 percent gdp growth target terkper.
Of this amount capital expenditure for the period is estimated at gh 1 903 658 408. This will help the next government which will be sworn in january next year to carry out programmes and activities for the first quarter of the year before the main 2021 budget is released. Government has issued the budget guidelines for the 2021 2024 fiscal period which will facilitate the preparation of the 2021 budget by ministries departments and agencies mdas as well as metropolitan municipal and district assemblies mmdas.
2020 mid year budget speech ministry of finance finance drive accra. 2021 expenditure in advance appropriation 1. 2020 budget highlights 3.
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