Government wants to generate more revenue | General news

The government is expected to generate more revenue in the second half of 2019 to fund its coordinated programs of pending social and economic policies.

Finance Minister Ken Ofori-Atta will provide details on how revenues will be generated from the mid-year budget review in Parliament on July 29, 2019.

The Minister of Information, Kojo Oppong Nkrumah, who informed the media on Sunday, July 21, 2019, said that although the administration believed it was fulfilling its commitments vis-à-vis Ghanaians, the mid-year budget review would give him the opportunity to take a second look at availability of revenue to run the remaining programs, including infrastructure.

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

The minister added that "the objective will be to ensure that the government mobilizes sufficient resources to fully honor the outstanding commitments".

Cuts in spending

He said that "the government has already begun to reduce some of the avoidable expenses, including ongoing work on reducing the capacity charges we do not consume".

According to him, "we expect that reducing avoidable expenditures while increasing revenues will create additional budgetary space to fully fund and execute the outstanding programs under medium-term expenditure".