Government is poised to ensure that the better ghana agenda is achieved and that all citizens and. Budget statement and economic policy of the government of ghana. Ghana issues 2015 budget on 19 november 2014, the 2015 budget statement and economic policy of the government of ghana was presented to the ghanaian parliament. 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. Commentary the 20 budget statement argues that government failed to meet 2012 targets due to shortfalls in revenues and grants, and higher spending among others. On behalf of the government of ghana, i present to you the maiden edition of the. Speaker, as indicated earlier, the huge wage bill has crowded out. Box mb 40 accra ghana the 2015 budget statement and economic policy of the government of ghana is also available on the internet at. To purchase copies of the statement, please contact the public relations office of the ministry ministry of finance public relations office new building, ground floor, room 001 and 003 p. The theme for the budget was transformational agenda. Box mb 40 accra ghana the 2019 budget statement and economic policy of the government of ghana is also available on the internet at. A positive value indicates a budget surplus, a negative value indicates a deficit.
Speaker, this presentation is an abridged version of the 20 budget statement. The files can also be accessed and downloaded from the widget. However, the proportion of the national budget that goes to direct nutrition interventions is not evident in the budget. The budget realigns a number of tax initiatives in order to meet key national priorities.
Annuity loans 2012 20 2014 bank loan 2 0 14,492 16,584 0 14,492 16,584 interest expense usd annuity loans 2012 20 2014 bank loan 2 0 1,992 1,399 0 1,992 1,399 financial projections income statement the intent of an income statement is to show how much net profit the business will be generating. Nov 15, 2015 ghana budget 2016 budget statement and economic policy 2016 1. Putting ghana back to work ii to purchase copies of the statement, please contact the public relations office of the ministry. Budget statement and economic policy for the 2015 financial year. The new applicable graduated tax schedule for resident individuals, which took e. Ghana budget balance in relation to gdp 2021 statista. The minister of finance and economic planning, mr ken oforiatta has presented the 2018 budget statement and economic policy to parliament. Sowing the seeds for growth and jobs presented to parliament on thursday, 2nd march, 2017 by ken oforiatta minister for finance years on gh mobilising for ghanas future on the authority of his excellency nana addo dankwa akufoaddo president of the republic of ghana republic of ghana. Box mb 40 accra ghana the 2016 budget statement and economic policy of the government of ghana is also available on the internet at. How does budget transparency in ghana compare to others. Box mb 40, accra ghana the 20 budget statement and economic policy of the government is also available on the internet at.
The budget statement and economic policy ghana news. The budget statement and economic policy of the government of ghana for the theme. The 2017 budget statement and economic policy of the government of ghana is also available on. However, the law recognizes that the gnpc has obligations in respect of its equity in joint operating agreements. 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.
This is in accordance with article 179 of the 1992 constitution. Ministry of finance public relations office new building, ground floor, room 001003 p. September 20 208 however, the researchers insisted that the procedures associated with auditors hiring are considered important factors that affect auditors independency and auditing quality. Please find below a list of comprehensive budget statements spanning 1998 through to 2018. 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. Securing the bright medium term prospects of the economy. Structural reforms of the medium term agendasustainability of governments wage bill 84. Ministry of finance public relations office new building, ground floor, room 001 and 003 p. The 20 budget statement touches on all these issues and more. Ministry of finance public relations office new building, ground floor, room 002 or 004 p. The tax proposals made by the government of ghana in the 2019 budget and. Allocations to relevant nutritionsensitive sectors are very low budget statement and economic policy of the government and the citizens budget are available on the internet at. There is a successor plan for the next term gsgda ii. Box mb 40 accra ghana the 2018 budget statement and economic policy of the government of ghana is also available on the internet at.
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. Partneringwofagric 2019 set to reverse the unsung hero8th annual pre. Terkper minister for finance on the authority of h. Budget the economy the 20 budget was based on the ghana shared growth and development agenda gsgda. John dramani mahama president of the republic of ghana republic of ghana. The revision also aligns the tax free income threshold with the current minimum wage of ghs 3,456 per annum ghs288 per month. This has influenced the allocation to the corporation by government, declining from 40% to 30% in the 2014 budget statement. Resource policy framework and manual to improve human resource.
Budget statement and economic policy to parliament on behalf of the president as required by the constitution of ghana. For copies of the statement, please contact the public relations office of the ministry. The services sector continues to drive the economy, accounting for approximately 50% of total gdp from 2012 to 2014. It consists of a list of all planned expenses and revenues. Ghana s main exports are gold, cocoa beans and timber products. Accordingly, the budget is centered on accelerating. Ghanas score of 50 out of 100 is moderately higher than the global average score of 42. Revised personal income tax rates and other tax law amendments. Pwc 2018 budget highlights 2 i n a bid to consolidate the ghanaian economys path to macroeconomic stability and to boost the productive sectors of the economy, the 2018 budget statement the budget of government of ghana has the theme from stabilisation to growth. May 05, 2020 the statistic shows ghana s budget balance in relation to gdp between 2009 and 2018, with projections up until 2021. The budget highlights of 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. To purchase copies of the statement, please contact the public relations office of the ministry.
Find below downloadable documents on the 20 budget statement and economic policy of ghana. As it is commonly known, a budget is an instrument of government economic policy and a strategy to deal with a country. The 2018 budget statement and economic policy of the government of ghana is also available on the internet at. By ghanaian chronicle coronavirus disease covid19 get the latest live updates about the coronavirus pandemic. Box mb 40 accra ghana the 2017 budget statement and economic policy of the government of ghana is also available on the internet at. This alert highlights fiscal policy initiatives from the 2014 budget statement and economic policy in relation to. Sowing the seeds for growth and jobs presented to parliament on thursday, 2nd march, 2017 by ken oforiatta minister for finance years on gh mobilising for ghana s future on the authority of his excellency nana addo dankwa akufoaddo. Mar 07, 20 find below downloadable documents on the 20 budget statement and economic policy of ghana. The 20 budget sets out to address critical issues such as expenditure management, revenue mobilisation, infrastructure development, capacity building within key sectors including oil and gas as well as agriculture modernisation. The 2019 budget statement and economic policy is under the theme a stronger economy for jobs and prosperity. Subbmc sub budget management centre sw6 surgical ward six svd spontaneous vaginal delivery ugms university of ghana medical school vat value added tax wbc white blood cells korle bu teaching hospital annual report 20. Of the budget statement and economic policy of the. Below are the key highlights of the tax initiative that the government has proposed. International journal of business and social science vol.