The 2019 budget statement and economic policy is under the theme a stronger economy for jobs and prosperity. Preamble ghanas minister for finance, ken oforiatta, presented the 2017 budget statement and economic policy to parliament on thursday, 2 march, 2017. Terkper minister for finance on the authority of h. Nf nicolau was appointed as an independent nonexecutive director on 10 september 2015. Realigning the budget to meet key national priorities is the theme for the governments 2014 budget and statement of economic policy. The services sector continues to drive the economy, accounting for approximately 50% of total gdp from 2012 to 2014. Mar 07, 20 find below downloadable documents on the 20 budget statement and economic policy of ghana. Govt introduces tax policies to improve ghana news ghana. Budget 20 financial statement by the minister for finance.
I would like to request the hanzard department to capture the entire budget statement and economic policy tabled and circulated for your information and action. Real gdp growth has decelerated and, indeed, the projected real gdp growth of 4. Arcelormittal south africa audited annual financial statements 2015 page 3 directors report continued f du plessis resigned as independent nonexecutive director on 22 july 2015. These policies are contained in the 2015 budget read by the. At least, we want to help promote made in ghana products. The minister of finance, mr seth terkper, last wednesday presented the 2015 budget statement to parliament in accra. For copies of the statement, please contact the public relations office of the ministry.
Indeed when we met our development partners in accra in september this year, they reaffirmed their faith in ghana and in its policies and prospects. Signifi cant reduction in the budget deficit is com mensurate to significant growth and in creased revenue mobilisation. Home general news highlights of 2016 budget statement. Press statement on the 2016 budget institute for fiscal. Assessment of the mtef in ghana john short reprim, uk overseas development institute london may 2003 this study forms part of a multicountry study assessing the design and application of the mediumterm expenditure framework mtef as a tool for poverty reduction in selected african countries. Budget statement and economic policy for the 2015 financial year. The budget highlights the removal of most of what the government of the new patriotic party npp considers nuisance taxes. The budget statement and economic policy of the government of ghana for the theme. Nov 15, 2015 ghana budget 2016 budget statement and economic policy 2016 1. The 2018 budget themed putting ghana back to work is informed by president akufoaddos coordinated programme for economic and social development policies which aims at creating a conducive environment for the private sector to thrive, propel.
These financial statements are the responsibility of management. Budget statement 2015 empowering our people through sustained economic growth and prosperity 4 madam deputy speaker, it gives me great pleasure to present to this honourable house the fifth budget of the peoples partnership administration under the transformational leadership of our prime minister, the honourable kamla persadbissessar. In accordance with section 28 of the public financial. The budget timetable for the preparation of the 2002 budget was woefully truncated. Ghana budget 2016 budget statement and economic policy 2016 1. In ghana, the minister for finance on behalf of the president is required by law to prepare and submit to parliament a budget annually. To purchase copies of the statement, please contact the public relations office of the ministry. Public relations office new building ground floor room 002 or 004 p. Accordingly, the budget is centered on accelerating.
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. Mr ken oforiatta has presented the 2018 budget statement and economic policy to parliament. 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. This means that funding has been secured for 123 out of the 200 senior high schools. Government plans to further reduce the budget deficit to 6. Ghana recorded a government budget deficit equal to 3. Financial report ghana national petroleum corporation. The budget statement and economic policy of the government of. Economic context and performance 5 mediumterm outlook 6 ease of doing business 7 double tax agreements 7 bankruptcy and insolvency legislation 7 public offering programme 7 3. The budget statement and economic policy of the government of ghana for the 2016 financial year was presented to parliament on friday, th november, 2015 by hon. Pfm information systems in ghana at the mdas located at national, regional, and district levels and mmdas to improve efficiency in public. Government of ghana budget statements various issues. Nov 24, 2015 and despite the 2015 budget statement having a transformational agenda as its main theme, there is no evidence that the economy is being transformed. The john mahamaled administration has initiated a number of economic policies aimed at radically reversing the dismal ghanaian economy.
Public expenditure management country assessment and action plan aap ghana prepared by the staff of the world bank and the imf in collaboration with the ghanaian authorities1 may 28, 2004 1 the hipc aap mission took place between february 1625, 2004 and comprised marcelo andrade head, world. Read the 2017 budget statement of ghana full text pdf download by nii smiley byte at 03. Budget statement 2015 5 empowering our people through sustained economic growth and prosperity madam deputy speaker, our economy has performed admirably in the face of the adverse cumulative effects of the difficult external environment and the turbulence in financial markets brought about by the 20082009 global financial crisis. Sowing the seeds for growth and jobs presented to parliament on thursday, 2nd march, 2017 by ken oforiatta minister for finance years on gh mobilising for ghanas future on the authority of his excellency nana addo dankwa akufoaddo. In the 2016 budget statement, it was reported that ghana registered an economic growth rate of 4.
Nutrition sensitivity of the 2014 budget statement of. Madam speaker, on 18thnovember, 2009, i presented to this house the second budget statement of the ndc government. To cope with the oil shock and to reduce their fuel subsidy, saudi arabia has also raised the price of gasoline by 80 percent in the last year. 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. The theme for the budget was transformational agenda. Ghana government budget 20042018 data 20192020 forecast. Budget timetable for the preparation of the 2003 budget activity 2002 1. Ministry of finance 2015 citizens budget an abridged and simplified version of the 2015 budget statement and economic policy. There is a new chapter on the financial position of public sector entities, and an annexure on progress in infrastructure spending.
These policies are contained in the 2015 budget read by the seth terkper, the finance minister at the floor of parliament on wednesday. 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. The files can also be accessed and downloaded from the widget. Today march 2, 2017, the minister of finance, ken ofori atta presented the governments budget statement to parliament.
The 2015 budget has made provision for additional 50 schools. The prior year summarized comparative information has been derived from habitat houses 2005 financial statements and, in our report dated september 6, 2006, we expressed an unqualified. Preamble ghana s minister for finance, ken oforiatta, presented the 2017 budget statement and economic policy to parliament on thursday, 2 march, 2017. Metss performance evaluation consultancyrehabilitation and modernisation of kpong irrigationagricultural policiesghana coffeejob opportunities. Highlights of 2016 budget statement ghana business news. The african trade insurance agency ati is in ghana for a two day series of events as part of its strategic move to introduce the multilateral financial institution to the ghanaian market. The 2018 budget themed putting ghana back to work is informed by president akufoaddos coordinated programme for economic and social development policies which aims at creating a conducive environment for the private. System to provide a unique address for all properties in ghana launched the national identification scheme. The budget statement and economic policy of the government of ghana for the financial year. The minister of finance, hon seth tekper, on tuesday, m arch 12th 2015, presented to the house of parliament the budget statement. Audited annual financial statements 2015 arcelormittal. Ghana 2017 budget commentary and tax highlights 4 economy and. Consolidated statement of financial position as at 31 december 2015 7 group gnpc assets notes 2015 2014 1 january 2014 2015 2014 1 january 2014 restated restated restated restated noncurrent assets gh. Terkper minister for finance on the authority of his excellency president john dramani mahama republic of ghana.
The states are asked to decide whether they are of the opinion. John dramani mahama, president of the republic of ghana. Mr seth terkper, minister of finance and economic planning, in his presentation of the 2015 budget statement to parliament, on wednesday, said several incentives. Next, the most costeffective variants must be selected. Snapshot of 2016 budget statement improvements in tax revenue in 2015 have been constrained by fall in commodity prices and power supply challenges that led to slow down of growth in business activity. Our responsibility is to express an opinion on these financial statements based on our audit. Madam speaker, i beg to move that this august house approves the budget statement and economic policy of the government for the year ending 31st december 2012.
Partneringwofagric 2019 set to reverse the unsung hero8th annual preharvest conference and. Forecasting oil revenues for the 2015 ghana budget 3. Here is a pdf copy of the presidents state of the nation address. The 2015 budget statement and economic policy of the government of ghana is also available on the internet at. August 2015 the federal government budget 2015 was themed a transition budget with the focus on. Terkper minister for finance on the authority of his excellency president john dramani mahama. Good energy petroleum products in ghana, marketing oil. Financial statement online financial statement pdf budget publications.
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. Accumulation of public debt as a percentage of gdp slowed down in the first half of 2015 69. Budget statement 2015 3 empowering our people through sustained economic growth and prosperity contents 1. Terkper, minister of finance on the authority of h. Access both online and pdf versions of all ey global tax alerts. The budget statement and economic policy of the government of ghana for the 2019 financial year presented to parliament on thursday, 15th november 2018 by ken oforiatta minister for finance on the authority of his excellency nana addo dankwa akufoaddo, president of the republic of ghana theme. Budget statements 19982018 a budget is a plan for the near future detailing saving and spending expenditures. Box mb 40 accra ghana the 2017 budget statement and economic policy of the government of ghana is also available on the internet at. Ministry of finance public relations office new building, ground floor, room 001003 p. Presentation at 2015 accountants conference gifmis. Sowing the seeds for growth and jobs 18 percent against the pound sterling in the interbank market in 2016. It consists of a list of all planned expenses and revenues. In the medium term, government aims to reduce the budget deficit to 3.
The rate of depreciation was lower in comparison with cumulative depreciation of 15. The 2015 budget statement and economic policy of the government and the citizens budget are available on the internet at. Allocations to relevant nutritionsensitive sectors are very low budget statements spanning 1998 through to 2018. Box mb 40 accra ghana the 2019 budget statement and economic policy of the government of ghana is also available on the internet at. As it is commonly known, a budget is an instrument of government economic policy and a strategy to deal with a country. Ministry of finance public relations office new building, ground floor, room 001 and 003 p. Box mb 40 accra ghana the 2015 budget statement and economic policy of the government of ghana is also available on the internet at. The minister for finance and economic planning noted that the adoption of this theme is to ensure progress against the following goals.
Statement 2014 or earlier which will take effect april 2015 or later. Read the 2017 budget statement of ghana full textpdf. On november 5, 2015, the institute for fiscal studies ifs and natural resource governance institute nrgi organized a budget forum to discuss the economic challenges and risks confronting the country and the issues that needed to be addressed in the 2016 budget. Box mb 40 accra ghana the 2018 budget statement and economic policy of the government of ghana is also available on the internet at. Summary of 20 budget measures policy changes pdf irish version pdf taxation annexes to the summary of 20 budget measures pdf. However, the proportion of the national budget that goes to direct nutrition interventions is not evident in the budget. Ken oforiatta, presented the 2019 budget statement and economic policy to parliament on thursday 15 november, 2018. The minister of finance and economic planning, mr ken oforiatta has presented the 2018 budget statement and economic policy to parliament. Terkpers outline on govt achievements next next post. John dramani mahama president of the republic of ghana republic of ghana. Speaker, in view of this an environmental fiscal reform working. Sample financial statements from ppc preparing nonprofit. This page provides ghana government budget actual values, historical data, forecast, chart. Securing the bright medium term prospects of the economy.
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