Finance Minister Presents 2018 Budget Statement Today
| Updated Nov 15, 2017 at 9:35am
Finance Minister, Ken Ofori Atta
In a few hours, Ghana's Finance Minister, Ken Ofori Atta will be received by the speaker and members of parliament for the hearing of the 2018 budget and economic policy.
The budget statement will focus on jobs, Industrialization; Agriculture and consolidation gains made after almost a year in office.
This was communicated to Members of Parliament during the presentation of the Business Statement by the Majority Leader, Osei Kyei-Mensah-Bonsu on the floor of the house last Friday.
“The Minister for Finance is expected to appear before the House on Wednesday, 15 November 2017, to present the Budget Statement and Economic Policy of the Government for the year ending 31st December 2018. The Business Committee therefore urges Members to avail themselves on the said date” the statement noted.
This will be the administration’s second budget after the 2017 statement and economic policy, which was christened “sowing the seed for growth and jobs”.
Prior to the presentation of the budget, chairman of the Finance Committee of Parliament, Dr. Mark Assibey-Yeboah hinted that there will not be any new tax introductions to the budget.
There are strong indications that government may push ahead with some fiscal reforms that could lead to further cuts in tax rates as well as social intervention.
Meanwhile, Ghanaians are of varied expectations as to how the policies therein outlined will affect them both on the micro and macro levels.
The Programs Manager of Peasant Farmers Association of Ghana, Charles Nyaba, says he expects the 2018 budget to cater for the fall army worm which have destroyed many farms.
This he believes will enable farmers to have bumper harvest resulting in a boost in the Agricultural Sector.
Charles Nyaba spoke with GBC's George Asekere on Radio Ghana's Current Affair Program, "Behind The News".