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General News of Wednesday, 13 November 2019


Budget 2020: Finance Minister makes bold appearance with his famous 'brown bag'

Finance Minister, Ken Ofori-Atta (in white) being accompanied by Dr Bawumia and others

Finance Minister, Ken Ofori-Atta is set to present the 2020 budget in parliament today as he is being accompanied by the Vice President of the Republic, Dr. Mahamudu Bawumia.

Looking all poised to deliver the budget statement which is in line with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921), the finance minister didn’t make an appearance without his bag.

The Finance Minister in his presentation today will outline measures to raise more revenue to finance infrastructural and developmental projects.

The country’s total revenues for the first half of 2019 underperformed by 15 percent, and financial experts say this would require the government to announce innovative measures to raise more revenues next year.

The 2020 Budget will focus on tax reforms that will enhance private sector growth which will, in turn, create more jobs for Ghanaians.

Click photos to see how the finance minister made his appearance in Parliament: