The theme of the budget is consolidating the gains for growth, jobs and prosperity for all. Key highlights of 2018 budget statement and economic policy. This page provides ghana government budget actual values, historical data, forecast, chart, statistics, economic calendar and news. Mar 02, 2017 today march 2, 2017, the minister of finance, ken ofori atta presented the governments budget statement to parliament. Growth seemingly picked up traction in the final quarter of last year, following the thirdquarter slowdown which was driven by downturns in the industrial and services sector. To this end, unicef ghana has produced a series of five budget briefs that. On the authority of the president, and in accordance with article 179 of the 1992 constitution, permit me to present to this august house, the budget statement. The primary policies outlined in the budget statement. Below are the key highlights of the tax initiative that the government has proposed. Budget 2015 contents page summary of 2015 budget measures policy changes a. Ghanas participation in the g20 compact with africa cwa indicates its strong appetite for reforms, seeing as its reform commitments were already reform actions under its international monetary fund imf extended credit facility programme. Sowing the seeds for growth and jobs 18 percent against the pound sterling in the interbank market in 2016. The budget statement and economic policy of the government of ghana for the 2015 financial year presented to parliament on wednesday, 19th november 2014 by seth e. A positive value indicates a budget surplus, a negative value indicates a deficit.
It consists of a list of all planned expenses and revenues. The 2017 budget statement and economic policy of the government of ghana is also. The budget highlights the removal of most of what the government of the new patriotic party npp considers nuisance taxes. It explains the contents of the budget in a simple and easily understood language. Ministry of finance public relations office new building, ground floor, room 001003 p. The minister for finance and economic planning noted that the adoption of this theme is to ensure progress against the. In ghana, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The finance minister, mr seth terkper, presented the 2016 budget and economic policy of government to parliament on friday, november.
Our report isintended solelyfor university of ghana and the auditorgeneral and. The 2015 budget statement and economic policy of the government of ghana is also available on the internet at. Oct 28, 2019 the statistic shows ghana s budget balance in relation to gdp between 2014 and 2018, with projections up until 2024. Ghanas minister for finance and economic planning the minister has presented the 2020 budget statement and economic policy the budget for the government of.
Mar 07, 20 find below downloadable documents on the 20 budget statement and economic policy of ghana. The 2015 budget statement and economic policy of the government and the. Budget statement and economic policy to parliament on behalf of the president as required by the constitution of ghana. Budget statement and economic policy for the 2015 financial year. On wednesday, november 19, 2014, the government of ghana presented to parliament the budget statement and economic policy for the 2015 financial year. A positive value indicates a budget surplus, a negative value indicates a.
The 2015 budget statement and economic policy of the government and the citizens budget are available on the internet at. The budget statement and economic policy ghana news. Terkper minister for finance on the authority of his excellency president john dramani mahama republic of ghana. This is to ensure that all ghanaians, at all levels have a better understanding of the contents of the budget.
These policies are contained in the 2015 budget read by the seth terkper, the finance minister at the floor of parliament on wednesday. New budget statement needed to reflect covid19 impact on ghanas economy kpmg. Box mb 40 accra ghana the 2015 budget statement and economic policy of the government of ghana is also available on the internet at. However, the proportion of the national budget that goes to direct nutrition interventions is not evident in the budget. Commentary the initiativestools announced in the 2014 budget, without doubt have been thoroughly con.
In 2008 ghana scored 50 out of a possible 100 on the open budget index obi a comparative measure calculated from a subset. Box mb 40 accra ghana the 2019 budget statement and economic policy of the government of ghana is also available on the internet at. Ghana s minister of finance, ken oforiatta, presented the 2018 budget statement and economic policy to parliament on wednesday, 15 november 2017. Ghana budget balance in relation to gdp 2024 statista. Ghana government budget 20042018 data 20192020 forecast. The 2014 budget statement mentions that an action plan and youth law are slated for 2014. Ghana customs management system are being interface with the gifmis financials as part of the cash management improvement processes. Ghana presents 2020 budget statement and economic policy. Terkper minister for finance on the authority of his excellency president john dramani mahama. Presentation at 2015 accountants conference gifmis.
The finance minister, ken oforiatta, presented the 2017 budget statement to parliament earlier today thursday, march 2. Box mb 40, accra ghana the 20 budget statement and economic policy of the government is also available on the internet at. Box mb 40 accra ghana the 2017 budget statement and economic policy of the government of ghana is also available on the internet at. Kpmg 2019 budget highlights kpmg 2019 budget highlights the budget statement and economic policy of the government of ghana for the 2019 financial year was under the theme a stronger economy for jobs and prosperity. Budget statements 19982018 a budget is a plan for the near future detailing saving and spending expenditures. On the authority of the president, and in accordance with article 179 of the 1992 constitution, permit me to present to this august house, the budget statement and economic policy of the. The statistic shows ghana s budget balance in relation to gdp between 2014 and 2018, with projections up until 2024. The theme for the budget was transformational agenda. Ministry of finance public relations office new building, ground floor, room 001 and 003 p. However, ghanas performance on the international budget partnerships ibp open budget survey obs has not shown much improvement. Improvements in the macroeconomic environment were accompanied by expansion in domestic demand due to increased private consumption.
As a member of the commonwealth of nations, ghana is a signatory of the commonwealth plan of action for youth empowerment paye 2006 2015. The budget must leave room for infrastructure development. The services sector continues to drive the economy, accounting for approximately 50% of total gdp from 2012 to 2014. New budget statement needed to reflect covid19 impact on ghana s economy kpmg. Bright medium term prospects of the econ omy the theme for governments 2015. Accordingly, the budget is centered on accelerating.
The budget is anchored to the countrys medium term vision and priorities of government, incorporates. Ghanas minister for finance and economic planning the minister has presented the 2020 budget statement and economic policy the budget for the government of ghana to parliament. Ghana economy gdp, inflation, cpi and interest rate. The 2016 budget statement and economic policy of the government of ghana is also available on the internet. Read the 2017 budget statement of ghana full text pdf download 1 min. Speaker, i beg to move that this house approves the budget and economic policy statement for the year 1999 financial year. Forty percent of the population are 15 years and below, while the elderly population 65 years and above accounts for 4.
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. Read the 2017 budget statement of ghana full textpdf. Home business ghana governments 2015 budget statement. Public relations office new building ground floor room 002 or 004 p. The ghana report is an incisive news website in ghana that offers hardcore breaking news and indepth information from diverse angles across the globe. The minister of finance, mr seth terkper, last wednesday presented the 2015 budget statement to parliament in accra. Ghana governments 2015 budget statement highlights news ghana. Today march 2, 2017, the minister of finance, ken ofori atta presented the governments budget statement to parliament. Key highlight of the 2018 budget statement and economic policy. Allocations to relevant nutritionsensitive sectors are very low pdf download summary of 2011 budget measures policy changes pdf.
Financial statement ministers speech online pdf download summary of 2011 budget measures policy changes pdf. To purchase copies of the statement, please contact the public relations office of the ministry ministry of finance public relations office new building, ground floor, room 001 and 003 p. Outlining the policy initiatives, he said, we will eliminate nuisance taxes and provide tax incentives to. Preamble ghana s minister for finance, ken oforiatta, presented the 2017 budget statement and economic policy to parliament on thursday, 2 march, 2017. The files can also be accessed and downloaded from the widget. For copies of the statement, please contact the public relations office of the ministry. Terkper minister for finance on the authority of h. In 2016, global growth is expected to strengthen at 3. High growth momentum since 2017 has consistently placed ghana among africas 10 fastestgrowing economies. This analysis looks at gaps and opportunities for women and children. Ghana s main exports are gold, cocoa beans and timber products. To purchase copies of the statement, please contact the public relations office of the ministry. The 2019 budget statement and economic policy is under the theme a stronger economy for jobs and prosperity. The 2018 budget statement and economic policy of the government of ghana is also available on the internet at.
Highlights of 2016 budget statement ghana business news. The rate of depreciation was lower in comparison with cumulative depreciation of 15. I am indeed delighted to announce to you that true to our prediction a very good performance has been achieved. Next, the most costeffective variants must be selected. Dangote cement plc annual report 2015 3 about us at a glance 4 year in figures 5 vision, mission, values 6 chairmans statement 8. John dramani mahama president of the republic of ghana republic of ghana.
Objectives of budget preparation during budget preparation, tradeoffs and prioritization among programs must be made to ensure that the budget fits government policies and priorities. In the budget which has been themed, putting ghana to work again, government intends to curb graduate unemployment by. Budget statement 2015 1 empowering our people through sustained economic growth and prosperity budget statement 2015 september 8, 2014 presented by senator the honourable larry howai minister of finance and the economy government of the republic of trinidad and tobago. Macroeconomic performance and outlook ghana s economy continued to expand in 2019, with real gdp growth estimated at 7.
Budget 2011 documents published on 7th of december 2010 are available below. Economic and business environment in the 2016 budget statement, it was reported that ghana registered an economic growth rate of 4. The budget highlights of 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. 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. Ken oforiatta, presented the 2019 budget statement and economic policy to parliament on thursday 15 november, 2018. As it is commonly known, a budget is an instrument of government economic policy and a strategy to deal with a country. Ghana budget 2016 budget statement and economic policy 2016 1.
Asaresult, the financial statements maynot be suitable foranother purpose. Ghana presents 2020 budget statement and economic policy ey. A citizens budget is a shortened and simplified version of the budget to parliament. As usual, the budget statement is guided by the framework provided by, and the. Republic of ghana the budget statement and economic policy. Ghana citizens budget international budget partnership.
Consolidated financial statements of the nestle group 2015 61 consolidated statement of comprehensive income for the year ended 31 december 2015 in millions of chf notes 2015 2014 pro. Securing the bright medium term prospects of the economy the theme for governments 2015 budget statement and economic policy mirrors the persisting global and economic challenges and the effort required to weather the shocks while growing the economy. In ghana, the minister for finance on behalf of the president is required by law to. Nutrition sensitivity of the 2014 budget statement of. Budget is an admission that, as currently structured, the national budget will fail to adequately deliver on the governments better ghana agenda, if it is business as usual. The minister stated public sector compensation should not put further stress on the fiscal envelop. On wednesday, november 19, 2014, the government of ghana presented to parliament the. The bank of ghana policy rate was increased from 21 percent in december 2014 to 25.
Securing the bright medium term prospects of the economy. Nutrition sensitivity of the 2014 budget statement of republic of ghana. 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. Nov 15, 2015 ghana budget 2016 budget statement and economic policy 2016 1. Ghana issues 2015 budget on 19 november 2014, the 2015 budget statement and economic policy of the government of ghana was presented to the ghanaian parliament. Table a7 ghana s balance of payments, 1996 1999 table a8 list of loans guaranteed by government in 1998 section 1 introduction 1.
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