Midyear budget review postponed to July 25, 2022

Information reaching Joy Business by Parliamentary correspondent Kweku Asante indicates that the mid-year budget review has been postponed to July 25, 2022.

The Finance Minister, Ken Ofori-Atta was scheduled to give an update on the first-half revenue and expenditure targets on Wednesday July 13, 2022 but the date was changed due to ongoing bailout discussions with the International Monetary Fund (IMF).

This is expected to allow government conclude discussions with the IMF delegation to possibly make some recommendations to the budget.

The IMF delegation in Ghana will later today, [12, 06, 2022] Tuesday, meet the Finance Committee of Parliament as part of the ongoing negotiations.

The team has been in Ghana since last week after the country declared its intent to return to the IMF for support.

Ghana’s total debt stock as at the end of the first quarter of 2022,was GH¢391.9 billion.

Source: JoyNews