Finance Minister Ken Ofori-Atta

Finance Minister Ken Ofori-Atta will, on Thursday, 23 July 2020, present the 2020 mid-year budget review to parliament.

The presentation of the mid-year budget review falls in line with Section 28 of the Public Financial Management Act, 2016 (Act 921).

The budget is expected to focus on roadmaps and strategies to generate revenue for the country, following the outbreak of the deadly COVID-19 pandemic and recovery of the economy.

According to Mr Ofori-Atta, the mid-year budget will also examine support for industries and businesses that have been badly affected by the pandemic.

Mr Ofori-Atta says the budget will also consider extending some support to businesses and industries hit by the pandemic.

It is expected that Mr Ofori-Atta will announce a roadmap on how the government will pay back the GHS10 billion that was borrowed from the central bank and USD 219 million that was transferred to deal with the deadly virus.

By Media1

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