The mid-year budget review was delivered to Parliament today by Finance Minister Ken Ofori-Atta, who detailed important policy revisions and fiscal adjustments meant to support the nation’s economic recovery. Speaking to the legislature, Ofori-Atta emphasized the importance of careful financial management and economic diversification while outlining the government’s accomplishments and difficulties during the first half of the fiscal year.
“Despite challenges in the global economy, Ghana’s economy has shown resilient. But in order to guarantee sustainable growth, we need to continue being alert and flexible,” Ofori-Atta said. The review’s main recommendations include tax reforms, more social expenditure, and programs to draw in foreign capital. The significance of assisting small and medium-sized businesses (SMEs) and encouraging innovation in a range of industries was also emphasized by the budget review.
