Semi-annual review to generate more revenue to complement government program

Company News of Monday, July 22, 2019

Source: ghananewsagency.org

2019-07-22

Ken Ofori-Atta, Minister of Finance, will present the mid-year budget review on July 29. In particular, it will aim to increase government revenues to fund outstanding coordinated programs of social and economic policies.

Kojo Oppong Nkrumah, the minister of information, who announced on Sunday a press conference in Accra, said the 1992 constitution requires each administration to prepare a coordinated program of policies. social and economic

He explained that the annual budget program was intended to finance and implement part of this program each year.

He added that while the Administration believes it is meeting its commitments to Ghanaians, the mid-term review of the budget will give it an opportunity to revisit the available revenues to deliver the remaining programs, including infrastructure development.

The minister said revenue mobilization, highlighted in the 2019 budget, will remain a key element of the mid-term review.

This, he said, was aimed at ensuring that the government mobilized sufficient resources to fully respect the remaining commitments.

"It is heartening to see the vigor with which Ghanaians responded to the president's call to be citizens and not spectators, and therefore notes that the government must resolve some national issues diligently.

"We hope this same vigor will translate into our revenue mobilization efforts to ensure the full funding and execution of outstanding programs," said the Minister.

Oppong Nkrumah said the government has already made efforts to reduce some of the avoidable expenses, the main one being the ongoing work on reducing capacity charges that we have not used.

He added that the government expected that reducing avoidable expenditures while increasing revenues would create more fiscal space to finance and implement outstanding programs as part of medium-term spending.