Budget statements 19982018 a budget is a plan for the near future detailing saving and spending expenditures. The theme for the budget is putting ghana back to work. National budget felix addo country senior partner pwc ghana transformational agenda. The 2018 budget themed putting ghana back to work is informed by president akufoaddos coordinated programme for economic and social development policies which aims at creating a conducive environment for the private sector to thrive, propel. On fiscal policy the minister said it created additional fiscal space for sustainable budget expenditures and enhance efficiency in tax administration, compliance and increase tax revenue. Ghanas 2017 2018 budget by minister for finance, ken ofori.
Ghanas minister for finance, ken oforiatta, presented the 2017 budget statement and economic policy to parliament on thursday, 2 march, 2017. Acronyms and abbreviations abfa annual budget funding amount aclp ascertainment and codification of customary law on land and family project acp african, caribbean and pacific. Payment of taxes should be made more attractive to businesses and individuals. The services sector continues to drive the economy, accounting for approximately 50% of total gdp from 2012 to 2014.
Accordingly, the budget is centered on accelerating. Enquiries regarding this publication should be addressed to. On wednesday, november 19, 2014, the government of ghana presented to parliament the. The budget was presented at a time the world economy was recovering from the food, energy and financial crises that had engulfed the globe in 20072008. Outlining the policy initiatives, he said, we will eliminate nuisance taxes and provide tax incentives to. Find below downloadable documents on the 20 budget statement and economic policy of ghana. Nov, 2015 a new pfm bill is being drafted to be passed into law in 2016 to provide a stronger regime for budget planning and formulation, execution and monitoring. By the end of march 2017, therefore, if not before, all. Reuters accra ghana will announce an economic growth target of 8% in 2014 in its budget on tuesday and will seek to trim its budget deficit to 8. Budget deficit, excluding discrepancy as percentage of gdp. The budget highlights the removal of most of what the government of the new patriotic party npp considers nuisance taxes. Ghana recorded a government budget deficit equal to 3.
The cost of participation in eap will vary depending on the students eap study center, uc campus, and california residency status. Mar 02, 2017 today march 2, 2017, the minister of finance, ken ofori atta presented the governments budget statement to parliament. The budget statement and economic policy ghana news. Reporting oil and gas project was launched on 4th june 2009 at takoradi, western region, ghana by penplusbytes. This page provides ghana government budget actual values. The budget also covers a period of one year from 1st january to 31st december, referred to as the financial year.
The budget is a quiet admission by govern ment that decades of economic development in ghana has failed to sufficiently transform and diversify the ghanaian. Sowing the seeds for growth and jobs presented to parliament on. The john mahamaled administration has initiated a number of economic policies aimed at radically reversing the dismal ghanaian economy. Deloitte ghana 2017 budget commentary and tax highlights. Ghana citizens budget international budget partnership. President nana addo dankwa akufoaddo government emphasized its intention to boost production through tax reductions while also improving revenue streams by various tax administration initiatives. I do not take lightly the significance of this moment and opportunity we are granted annually to determine how the precious assets of ghana our people, our land, our natural. Highlights of 2016 budget statement ghana business news. Ken oforiatta, presented the 2019 budget statement and economic policy to parliament on thursday 15 november, 2018.
Ministry of finance 2015 citizens budget an abridged and simplified version of the 2015 budget statement and economic policy. Terkper minister for finance on the authority of h. Public relations office new building ground floor room 002 or 004 p. A citizens budget is a shortened and simplified version of the budget to parliament. Budget speech budget statement and economic policy of the government of ghana for the 2010 fiscal year presented to parliament on wednesday, 18th november, 2009 by.
Securing the bright medium term prospects of the economy the theme for governments 2015. Finance minister ken ofori atta is currently before parliament presenting the budget for the 2018 financial year. The 2019 budget statement and economic policy is under the theme a stronger economy for jobs and prosperity. This page provides the latest reported value for ghana government budget value plus. It starts by setting out evidence on the workings of the present system and then asks why the revealed lar ge failings are tolerated. It consists of a list of all planned expenses and revenues. Forecasting oil revenues for the 2015 ghana budget 3 natural. The 2015 budget statement and economic policy of the government of ghana is also. This page provides ghana government budget actual values, historical data, forecast, chart. Accra, gp minister of finance and economic planning ken oforiatta on wednesday presented the budget statement and economic policy for 2018 to parliament. In ghana, the consumer price index or cpi measures changes in the. Ghana recorded a government budget deficit of 3582.
This report is a joint study between the centre for budget advocacy cba of the integrated social development centre and unicef ghana on the 2009 budget and its implications for women and children. The primary policies outlined in the budget statement. The 2015 budget statement and economic policy of the government and the. Natural resource governance institute 2 regular reporting, and. Ghana 2017 budget commentary and tax highlights 4 economy and sector al outlook for 2017 2016 economic performance t ax policy pr oposals. The african trade insurance agency ati is in ghana for a two day series of events as part of its strategic move to introduce the multilateral financial institution to the ghanaian market. The 2018 budget statement and economic policy of the government of ghana is also available on the internet at.
The 2009 budget and issues relating to women and children welfare. Ghanas education sector experienced a provisional growth of 9. We expect that the procurement regulator and the board of procurement regulation will be appointed and all required public procurement units or procurement entities will be established within the next six months. A number of national, regional and international instruments make provision for securing the rights of women and children. Revenue projections government of ghana for the fiscal year 2017 presented its budget before parliament with a revenue projection of 44 billion as against 2016 fiscal year revenue project of 40 billion. Consolidating progress towards a brighter medium term, explained that the consolidation agenda hinges on governments. Securing the bright medium term prospects of the economy the theme for governments 2015 budget statement and economic policy mir. Highlights of 2016 budget statements and fiscal policy of the government as presented by mr seth terkper, minister of finance and economic planning on friday. Nov 16, 2017 the ghanaian government plans to spend. Budget statement 2015 empowering our people through sustained economic growth and prosperity 4 madam deputy speaker, it gives me great pleasure to present to this honourable house the fifth budget of the peoples partnership administration under the transformational leadership of our prime minister, the honourable kamla persadbissessar.
A new pfm bill is being drafted to be passed into law in 2016 to provide a stronger regime for budget planning and formulation, execution and monitoring. Ghana governments 2015 budget statement highlights news ghana. The 2015 budget statement and economic policy of the government and the citizens budget are available on the internet at. The budget statement and economic policy of the government of ghana for the 2016 financial year presented to parliament on friday, th november 2015 by seth e. The 2018 budget themed putting ghana back to work is informed by president akufoaddos coordinated programme for economic and social development policies which aims at creating a conducive environment for the private. Ghana the 2017 budget statement and economic policy of the government of ghana is also available on the internet at. Madam speaker, i beg to move that this august house approves the budget statement and economic policy of the government for the year ending 31st december 2012. The director debt management division ministry of finance and economic planning. Speaker, the theme for the 2018 budget is putting ghana back to work.
Ghanas 2017 2018 budget by minister for finance, ken. Highlights of ghanas 2018 national budget the ghana press. In ghana, the minister for finance on behalf of the president is required by law to. To this end, unicef ghana has produced a series of five budget briefs that. Finance minister is up in his selfimposed white dress in stark contrast to the suit and ties. The automation of the tax system is long overdue and the 2018 budget should provide the direction for implementation. Ghanas medium term debt strategy 2012 2014 page 2 due acknowledgement of the source of information must be made in the case where portions of this publication is reproduced. John dramani mahama president of the republic of ghana republic of ghana. Ghana budget 2016 budget statement and economic policy 2016 1. The 2009 budget and issues relating to women and children. Nov, 2015 consumer price index cpi in ghana averaged 41.
In ghana, the minister for finance on behalf of the president is required by law to prepare and submit to parliament a budget annually. Budget highlights budget statement and economic policy of the government of ghana for the 2018. Budget statement and economic policy for the 2015 financial year. Kwabena duffuor minister of finance and economic planning on the authority of his excellency john evans atta mills president of the republic of ghana republic of ghana. These policies are contained in the 2015 budget read by the. Today, government revenue projection for 2018 fiscal years has raised to51 billion. Ghanas minister for finance, ken oforiatta, presented the 2017 2018 budget statement and economic policy to parliament. It was themed putting ghana back to work is informed by president akufoaddos coordinated programme for economic and social development policies. Assessment of the mtef in ghana john short reprim, uk overseas development institute london may 2003 this study forms part of a multicountry study assessing the design and application of the medium.
Ghana governments 2015 budget statement highlights news. Nov 16, 2017 accra, gp minister of finance and economic planning ken oforiatta on wednesday presented the budget statement and economic policy for 2018 to parliament. Budget statement and economic policy to parliament on behalf of the president as required by the constitution of ghana. At 67 per cent of gdp, by 2015 ghanas debt stock had crossed the critical 60. The government emphasized its intention to boost production through tax reductions while also improving revenue streams by. Youth budget watch contributing actively and positively to national development 2 p a g e foreword we are pleased to present this publication youth budget watch, an analysis of the 2012 budget and youth development in ghana. Today march 2, 2017, the minister of finance, ken ofori atta presented the governments budget statement to parliament. This page provides the latest reported value for ghana.