Accra, July 22, GNA – Dr Mohammed Amin Adam, Finance Minister, will on Tuesday, July 23,
present the country’s mid-year fiscal policy review of the 2024 budget statement and
economic policy to Parliament.
Dr Amin Adam would do so for the first time since assuming office as Finance Minister in
February, 2024, and in line with Section 28 of the Public Financial Management Act, 2016
(Act 921).
The review would provide an update on the implementation of the 2024 budget, with
insights into the economic and fiscal performance for the first half of the year, the Ministry of
Finance said in a statement on Monday.
The statement, copied to the Ghana News Agency noted that there would be update on
growth measures, revenue, and expenditure performance, financing, debt sustainability.
It would also provide apprise Parliament on the implementation of the ongoing US$3 billion
International Monetary Fund (IMF) loan-supported Post Covid-19 Programme for Economic
Growth (PC-PEG).
The PC-PEG is the country’s homegrown policy aimed at restoring macroeconomic stability,
debt sustainability, and ensuring inclusive growth.
The Ministry indicated that the review would also highlight budget implementation for the
rest of the year and a possible review of proposed policies on growth with a focus on SME
growth.
Again, a status on the implementation of key government programmes, revenue measures,
and expenditure controls, and financing adjustments based on the half-year performance
would be provided.
Already, Dr Alex Ampaabeng, a Deputy Finance Minister, has stated that there would be no
supplementary budget as well as no new taxes in the upcoming mid-year budget review.
That, he said was to support the business community, creating the enabling space for them
to thrive.
GNA
