General NewsGovernment and PoliticsHot News

Finance Minister To Present Supplementry Budget This Week

Ghana’s Finance Minister, Ken Ofori-Atta, is expected to present a supplementary budget to parliament this week.

A member of Parliament in the Chamber last week, Speaker Mike Ocquaye said, the Minister’s presentation rules out any possibility of parliament closing down due to COVID-19. It could be recalled that a number of institutions, both public and private, including Tema Oil Refinery, Ghana Cocoa Board and the Ministry of Finance have shut down offices due to COIVD-19.

The Minister is expected to update Ghanaians on a number of reforms and interventions including the Coronavirus Alleviation Programme (CAP). Parliament, in April this year granted government’s request to withdraw an amount of GH₵1.2bn, equivalent to US$219m, from the contingency fund to finance the Coronavirus Alleviation Programme (CAP).

 

Government has also borrowed GH₵10bn from the Bank of Ghana to help deal with the impact of COVID-19.

In April, Government received a US$1bn rapid credit facility from the IMF, part of which is being used to provide an electricity relief package for Ghanaians. The rest will go into supporting the 2020 budget.

 

Please send us your articles for publication via editor@reportghana.com

Loading...

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button