Saturday , November 18 2017 2:02 pm
Home / Business / Ofori-Atta Presents 2018 budget today

Ofori-Atta Presents 2018 budget today

Minister of Finance Ken Ofori-Atta is expected to present the 2018 Budget and Economic Policy Statement to Parliament today, Wednesday, 15 November, 2017.

Ministries, Departments and Agencies will attract a mass of government funds while infrastructure development will receive a smaller fraction in the 2018 budget which the Finance Minister will put out in a few hours.

The government will spend almost 61 Billion Ghana Cedis to keep the economy afloat in the next financial year. Next year’s budget has also been structured to fill the gaps which were left by the 2017 budget.

For example, the failed promise of allocating a million Dollars per Constituency is calculated to be redeemed this year. It appears Mobile Money Services will be spared any taxes apparently in response to the caution issued by the Minority.

Ahead of the budget reading, the Minority in Parliament has chastised government’s management of the economy citing the rising public debt stock as a situation that can take Ghana back to the status of HIPC [Heavily Indebted Poor Country] by the end of 2019.

They also warned that Ghanaians will experience “severe hardship” equivalent to the 1983 experience.

But the President, Nana Akufo- Addo has assured that electricity tariffs will be reviewed downwards in the 2018 budget to bring some relieve to citizens.

Check Also

Gov’t terminates 11 power purchase contracts at $400m

The Akufo-Addo government has terminated 11 power purchase agreements at a cost of $400 million …

Ghana ranked high risk country for road safety in new Travel Risk Map

Ghana has been ranked a very high risk country in terms of road safety in …

Maybe they can’t think far – Otiko Djaba

The Minister for Gender, Children and Social Protection, Otiko Afisa Djaba has hailed the government’s …

Leave Your Comment

%d bloggers like this: