Until 2012 there was an additional geographical requirement of a single compact settlement for such a municipality. Republic of ghana budget statement and economic policy of the government of ghana for the 2005 financial year presented to parliament on thursday, 24th february, 2005 by kwadwo baahwiredu, m. Highlights of the 2012 budget ministry of finance ghana. And now the continent is faced with severe uncertainties about its growth prospects and the changes of reaching its development goals. European journal of sustainable development 2012, 1, 3, 445456 issn. Putting ghana to work macroeconomic perfor mance for 2017 overall real gdp as of june 7. Speaker, this presentation is an abridged version of the 20 budget statement. The budget statement and economic policy ghana news ghana. Budget statement and economic policy of the government of. Constraints on budgeting and development plan implementation. Ghana budget 2016 budget statement and economic policy 2016 1. Commentary 1 the 2012 budget statement and economic policy was delivered to parliament on wednesday 16 november 2011 by dr.
Finance minister ken ofori atta is currently before parliament presenting the budget for the 2018 financial year. Government expenditures and economic growth dynamics in ghana. Creation is reflective of the government of ghanas continuing pursuit of its better ghana agenda. The theme for the budget is putting ghana back to work. Pdf government expenditures and economic growth dynamics. Theme putting ghana back to work 1 key highlight of the 2018 budget statement and economic policy theme. Partneringwofagric 2019 set to reverse the unsung hero8th annual preharvest conference and. Ghana governments 2015 budget statement highlights news.
Infrastructural development for accelerated growth and. Preamble ghana s minister for finance, ken oforiatta, presented the 2017 budget statement and economic policy to parliament on thursday, 2 march, 2017. A governments budget is the most important economic policy and planning. The services sector continues to drive the economy, accounting for approximately 50% of total gdp from 2012 to 2014. Food expenditures and income in rural households in the. Speaker, i beg to move that this house approves the budget and economic policy statement for the year 1999 financial year. Kwabena duffuor, minister of finance and economic planning outlined in this publication are some of the principal matters in the budget statement.
The budget statement and economic policy of the government of ghana for the financial year. As you may recall, the 2012 budget was approved late, and so implementation occurred over a. The politics of ghanas budgetary system tony killick cddodi policy brief no. Budget deficit, excluding discrepancy as percentage of gdp. The statistic shows ghanas budget balance in relation to gdp between 2009 and 2018, with projections up until 2021. Ghanas constitution of 1992 with amendments through 1996.
The budget statement and economic policy of the government of ghana for the theme. Nov 15, 2015 ghana budget 2016 budget statement and economic policy 2016 1. The ghana cedi recorded a cumulative depreciation of 9. However, the northern region of ghana, with more than 71% agricultural population2, is still one of the least developed areas of ghana compared with the central and southern region.
The 2019 budget statement focuses on building a more dynamic and stronger economy by accelerating economic growth, modernising agriculture, industrialising society and protecting the vulnerable to create jobs and prosperity for ghana. Imani ghana release quarterly report on ghanas budget. Ghana governments 2015 budget statement highlights news ghana. Budget statement and economic policy to parliament on behalf of the president as required by the constitution of ghana.
The director debt management division ministry of finance and economic planning. The budget statement and economic policy of the government of. This page provides the latest reported value for ghana. The 2018 budget statement and economic policy of the government of ghana is also available on the internet at. Government revenues are part of government budget balance calculation. Ghana overruns 2012 budget fiscal deficit target almost. Infrastructural development for accelerated growth and job. Ghana the outlook in 2012 and 20 remains positive with projected gdp growth of 8. This is in accordance with article 179 of the 1992 constitution. The budget statement and economic policy of the government. The focus of the 2012 budget is on the provision of key.
Mar 07, 20 find below downloadable documents on the 20 budget statement and economic policy of ghana. The central intelligence agency publishes and updates the online directory of chiefs of state and cabinet members of foreign governments weekly. 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. 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. House approves the financial policy of the government of ghana for the year ending 31st. Republic of ghana the budget statement and economic policy. Click to read the full budget statement and economic policy of the government of ghana for the 2020 financial year as presented to parliament on wednesday, th november 2019 by finance minister. The government of ghana prepared the 2012 national budget under the theme infrastructural.
The statistic shows ghana s budget balance in relation to gdp between 2009 and 2018, with projections up until 2021. Shortfalls in revenue generation to meet 2012 infrastructure development plans were attributed to a shortage in collections of gh. As usual, the budget statement is guided by the framework provided by, and the. A positive value indicates a budget surplus, a negative value indicates a deficit. Ghana budget balance in relation to gdp 2021 statista. Please find below a list of comprehensive budget statements spanning 1998 through to 2018. The budget highlights the removal of most of what the government of the new patriotic party npp considers nuisance taxes. News ghana is ghana s leading online news portal for business in west africa and around the world. The budget deficit was as a result of increased salaries, lower income taxes, utility and fuel subsidies, the central bank reported february, 20. Budget statement 2015 economic objectives and policies for the medium term the main policy objective for the medium. On the back of previous years budget which emphasized improvement in production and revenue generation, the 2018 budget has been themed putting ghana back to work.
This page provides the latest reported value for ghana government budget value plus. 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. Mar 02, 2017 today march 2, 2017, the minister of finance, ken ofori atta presented the governments budget statement to parliament. The 20 budget statement argues that government failed to meet 2012 targets due to shortfalls in revenues and grants, and higher spending among others. Ghana government budget 20042018 data 20192020 forecast. News ghana is ghanas leading online news portal for business in west africa and around the world. Before i discuss the 20 budget, let me briefly summarize the outcomes of the 2012 budget. Ghana 2017 budget commentary and tax highlights 4 economy and sector al outlook for 2017 2016 economic performance t ax policy pr oposals. While this may take place in ghana, the imf appears to be concerned more with quarterly cash controls rather than the substance of the budget. The ghana shared growth and development agenda gsgda is the medium term development strategy of government 2010. Constraints on budgeting and development plan implementation in nigeria.
On wednesday, november 19, 2014, the government of ghana presented to parliament the budget statement and economic policy for the 2015 financial year. Ghana overruns 2012 budget fiscal deficit target almost 100%. Ghanas total revenue and grants in 2012 amounted to gh. Budget statement and economic policy of the government of ghana for the 2016 financial year. Ghana recorded a government budget deficit of 3582. Terkper minister for finance on the authority of h. 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.
Parliament is set to listen to the finance minister, ken oforiatta deliver governments budget for 2018. Pdf the extreme importance of health to development and social welfare place health high on. Summary of central government revenue and grants, 2012 26. A positive value indicates a budget surplus, a negative value indicates a. Shortfalls in revenue generation to meet 2012 infrastructure development plans were. Ghana, a subsaharan developing country, has recorded a high economic growth in the recent years. John dramani mahama president of the republic of ghana republic of ghana. It consists of a list of all planned expenses and revenues.
Enquiries regarding this publication should be addressed to. Ghana recorded a government budget deficit equal to 3. It starts by setting out evidence on the workings of the present system and then asks why the revealed lar ge failings are tolerated. Minister of finance and economic planning on the authority of his excellency john agyekum kufuor president of the republic of ghana 1. This page provides ghana government budget actual values, historical data, forecast, chart. Ghana government budget value 20122019 data 20202022. Today march 2, 2017, the minister of finance, ken ofori atta presented the governments budget statement 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.
The budget statement and economic policy ghana news. 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. 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. Formulation and approval of budget of the district. Find below downloadable documents on the 20 budget statement and economic policy of ghana.
Ghanas minister of finance, ken oforiatta, presented the 2018 budget statement and economic policy to parliament on wednesday, 15 november 2017. Public expenditure management country assessment and action plan aap ghana prepared by the staff of the world bank and the imf in collaboration with the ghanaian authorities1 may 28, 2004 1 the hipc aap mission took place between february 1625, 2004 and comprised marcelo andrade head, world. Pdf government expenditures and economic growth dynamics in. Parliament is set to listen to the finance minister, ken oforiatta deliver government s budget for 2018. The budget highlights ghana news top local news in ghana. Speaker, the end december 2012 debt simulation exercise showed. The directory is intended to be used primarily as a reference aid and includes as many governments of the world as is considered practical, some of them not officially recognized by the united states. Chiefs of state and cabinet members of foreign governments. Table a7 ghana s balance of payments, 1996 1999 table a8 list of loans guaranteed by government in 1998 section 1 introduction 1. Ghana s minister of finance, ken oforiatta, presented the 2018 budget statement and economic policy to parliament on wednesday, 15 november 2017. Budget statement 2015 5 empowering our people through sustained economic growth and prosperity madam deputy speaker, our economy has performed admirably in the face of the adverse cumulative effects of the difficult external environment and the turbulence in financial markets brought about by the 20082009 global financial crisis. Overall summary 3 description target 2011 projected outturn to end of 2011 12 month cpi inflation average 8. The files can also be accessed and downloaded from the widget.
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