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Business News of Thursday, 29 July 2021

Source: www.ghanaweb.com

FULL TEXT: Finance Minister's 2021 mid-year budget review to Parliament

Finance Minister, Ken Ofori-Atta play videoFinance Minister, Ken Ofori-Atta

Government through the Ministry of Finance and Economic Planning has today, July 29, presented its 2021 mid-year budget review before Parliament.

The presentation is in accordance with Article 179 of the 1992 Constitution and the Public Financial Management Act 921, which offers the opportunity to revise macroeconomic targets and provide a comprehensive economic outlook for the rest of the year.

Finance Minister Ken Ofori-Atta announced some key job creation programmes and projects government intends to undertake over the next three and half years.

He disclosed that government will not be seeking additional funding and supplementary budget for the next half of the 2021 financial year.

According to him, the move is intended to contain the country's rising debt stock as well as avoiding fiscal revenue slippages.

Making the disclosure during the 2021 mid-year budget review before Parliament, Ken Ofori-Atta however told the House that Ghana's economy was on its path to recovery.

See the full statement read by Ken Ofori-Atta here: