*Ghana’s strong 2023 export performance to feature in Mid-Year Budget Review*

Hints ahead of the budget review have pointed to positive news regarding the nation’s trade surplus. It is expected that the Finance Minister will announce a remarkable trade surplus of $1.77 billion during the first six months of 2023. Such a surplus would reflect a significant boost to Ghana’s international trade and external balance, indicating a thriving export sector.

The Finance Minister is likely to emphasize the importance of this trade surplus in strengthening Ghana’s foreign exchange reserves and creating an environment conducive to attracting investments. The government’s strategic measures to enhance the competitiveness of Ghanaian goods and services in international markets are expected to be highlighted as contributing factors to this positive outcome.

While the focus is expected to be on export performance, the Mid-Year Budget Review is also anticipated to shed light on the government’s broader economic agenda for the remainder of 2023. Social protection programs, like the Livelihood Empowerment Against Poverty (LEAP), School Feeding Programme, and National Health Insurance Scheme (NHIS), are likely to be highlighted as part of government’s commitment to supporting vulnerable communities and ensuring access to essential services.

Additionally, the government’s policies to maintain economic stability and foster growth may be underscored. This could include a focus on boosting food production, curbing inflation, and supporting job creation and entrepreneurship as key components of the nation’s economic development plan.

As Ghanaians eagerly await the Mid-Year Budget Review, expectations are high that the government’s emphasis on strong export performance and its commitment to targeted policies will lay the foundation for sustainable economic progress and prosperity in the country.