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The government revealed that its spending exceeded the total revenue generated from January to June of this year, by GH ¢ 22.3 billion.
According to Finance Minister Ken Ofori-Atta, although GH ¢ 28.3 billion was raised, GH ¢ 50.6 billion was spent. However, during the presentation of the mid-year 2021 review of the budget statement and economic policy, he revealed that the deficit of GH ¢ 22.3 billion was financed by both foreign and domestic sources. .
Tonight on PM Express, host Evans Mensah and his panelists, former Deputy Information Minister Felix Kwakye Ofosu and Parliament Finance Committee member Dr Stephen Amoah discussed the details of the deficit Ghana’s budget and actions the government can take to address the challenge.
Additionally, while reading the 2021 Mid-Year Review, Mr Ofori-Atta revealed that the government is ready with a comprehensive program to create a million jobs for young people over the next two years and half.
The issue of youth employment in the country and how the government would guarantee this without worsening the outstanding public debt were also discussed.
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