Annuity loans 2012 20 2014 bank loan 2 0 14,492 16,584 0 14,492 16,584 interest expense usd annuity loans 2012 20 2014 bank loan 2 0 1,992 1,399 0 1,992 1,399 financial projections income statement the intent of an income statement is to show how much net profit the business will be generating. Subbmc sub budget management centre sw6 surgical ward six svd spontaneous vaginal delivery ugms university of ghana medical school vat value added tax wbc white blood cells korle bu teaching hospital annual report 20. The budget statement and economic policy ghana news. Consequential effects of budget deficit on economic growth.
To purchase copies of the statement, please contact the public relations office of the ministry. 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. Ministry has prepared an ecowas strategy document as a guide to ghanas. Ghana, a country with a population of about 25 million people, and a land area of 239,000 km2, is west africas second largest economy after nigeria, and africas twelve largest. On 2 march 2017, the minister for finance and economic planning, mr. The budget, the first under the nana akufoaddo administration, has been dubbed the asempa budget by supporters and is aimed at cutting taxation and unleashing economic growth. The 20 budget statement touches on all these issues and more. This alert highlights fiscal policy initiatives from the 2014 budget statement and economic policy in relation to. John dramani mahama president of the republic of ghana republic of ghana. Ghana 2019 budget commentary and tax highlights deloitte. The budget statement and economic policy of the government of ghana for the theme. The performance report on the budget statement and economic. Budget statement and economic policy to parliament on behalf of the president as required by the constitution of ghana.
Securing the bright medium term prospects of the economy. Ministry of finance public relations office new building, ground floor, room 001 and 003 p. 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. Ghana issues 2018 budget statement and economic policy. We expect that the procurement regulator and the board of procurement regulation will be appointed and all required public procurement units or procurement entities will be established within the next six months. Allocations to relevant nutritionsensitive sectors are very low budget statement and economic policy of the government and the citizens budget are available on the internet at. Box mb 40 accra ghana the 2019 budget statement and economic policy of the government of ghana is also available on the internet at. 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. Ghana s minister of finance, ken oforiatta, presented the 2018 budget statement and economic policy to parliament on wednesday, 15 november 2017. The files can also be accessed and downloaded from the widget. Public availability of budget documents from 2006 to 2017 how comprehensive and useful is the information provided in the key budget documents that ghana publishes. The report in most parts is presented in a matrix format to make it easier to compare what was. Ghanas development efforts over the period 2012 2016.
The budget realigns a number of tax initiatives in order to meet key national priorities. The ghana companies code 1963 act 179 requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company at the end of the financial year and of the income statement for. For copies of the statement, please contact the public relations office of the ministry. Please note that firsttime users must register to use this feature. Find below downloadable documents on the 20 budget statement and economic policy of ghana. How does budget transparency in ghana compare to others. Ghanas score of 50 out of 100 is moderately higher than the global average score of 42. Ken oforiatta presented the 2017 budget statement and economic policy of the government of ghana the budget to parliament. Ghanas economy was strengthened by a quarter century of relatively sound management, a competitive business environment, and sustained reductions in poverty levels, but in recent years has suffered the consequences of loose fiscal policy, high budget and current. Nutrition sensitivity of the 2014 budget statement of. Dr assibeyyeboah explained that the inflation target of nine per cent at the beginning of 20 was now. Ghana government budget 20042018 data 20192020 forecast. Box mb 40, accra ghana the 20 budget statement and economic policy of the government is also available on the internet at.
Read the 2017 budget statement of ghana full textpdf. The minister of finance and economic planning the minister presented the 2018 budget statement and economic policy the budget for the government of ghana to parliament on 15 november 2017. Box mb 40 accra ghana the 2016 budget statement and economic policy of the government of ghana is also available on the internet at. The theme of the budget is from stabilisation to growth, putting ghana back to work.
The 2017 budget statement and economic policy of the government of ghana. This page provides ghana government budget actual values, historical data, forecast, chart. Please find below a list of comprehensive budget statements spanning 1998 through to 2018. Terkper minister for finance on the authority of h. Kwabena duffuor minister of finance and economic planning on the authority of h. Republic of ghana 20 budget statement and economic policy of the ghana of. Allocations to relevant nutritionsensitive sectors are very low statement pays scant attention to nutrition. The human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. It consists of a list of all planned expenses and revenues. House approves the budget statement and economic policy of the government for the year ending 31st december 2010. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education. Budget statement and economic policy for the 2015 financial year.
Charterhouse condemns walestonebwoy battle at vgma read full. The finance minister, ken oforiatta, presented the 2017 budget statement to parliament earlier today thursday, march 2. Annuity loans 2012 20 2014 bank loan 2 0 14,492 16,584 0 14,492 16,584 interest expense usd annuity loans 2012 20 2014 bank loan 2 0 1,992 1,399 0 1,992 1,399 financial projections income statement the intent of an income statement is to show how. Ministry of finance public relations office new building, ground floor, room 002 or 004 p.
Accra ghana the 20 budget statement and economic policy of the government is also available on the internet at. There is a successor plan for the next term gsgda ii. Opposition npp say budget fails to tackle challenges news ghana. Preamble ghana s minister for finance, ken oforiatta, presented the 2017 budget statement and economic policy to parliament on thursday, 2 march, 2017. Financial statements contents financial statements 128 independent auditors report consolidated financial statements 3 consolidated income statement 4 consolidated statement of comprehensive income 5 consolidated balance sheet 6 consolidated statement of changes in equity 8 consolidated cash flow statement notes to the consolidated financial statements. 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 ghana s future on the authority of his excellency nana addo dankwa akufoaddo.
Given ghanas history of budget cycles, the 2020 election will be a key test of the authorities continued commitment to fiscal discipline. The 20 budget sets out to address critical issues such as expenditure management, revenue mobilisation, infrastructure development, capacity building within key sectors including oil and gas as well as agriculture modernisation. Good governance in the public sector consultation draft. 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. Indeed, ghanas debt to gdp ratio had increased from 32 percent in 2008 to 73 percent by the end. Nov 15, 2015 ghana budget 2016 budget statement and economic policy 2016 1. 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. Development agenda gsgda policy document which was approved by. Official pdf, 155 pages world bank documents world bank group. Ministry of finance public relations office new building, ground floor, room 001003 p.
Highlights of the budget statement and economic policy ghana. However, the proportion of the national budget that goes to direct nutrition interventions is not evident in the budget. Pdf consequential effects of budget deficit on economic. Mar 07, 20 find below downloadable documents on the 20 budget statement and economic policy of ghana. 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. Box mb 40 accra ghana the 2017 budget statement and economic policy of the government of ghana is also available on the internet at. Ghana s main exports are gold, cocoa beans and timber products. Public relations office new building ground floor room 002 or 004 p. Ghana issues 2017 budget statement and economic policy.
Terkper minister for finance on the authority of his excellency president john dramani mahama. Partneringwofagric 2019 set to reverse the unsung hero8th annual preharvest conference and. Ghana green economy fiscal policy study partnership for action. Budget the economy the 20 budget was based on the ghana shared growth and development agenda gsgda. Please submit comments in both a pdf and word file. The theme for the budget was transformational agenda. Ghana recorded a government budget deficit equal to 3. Madam speaker, it is my duty once again, to present to this honourable house and to the people of ghana the 2010 budget statement and economic policy on behalf of his excellency, president john evans atta mills. Budget speech budget statement and economic policy of the government of ghana for the 2011 financial year presented to parliament on 18thnovember, 2010 by dr. This was the first budget presented by the minister since the current government assumed power on 7 january 2017.
The minister of finance and economic planning, mr ken oforiatta has presented the 2018 budget statement and economic policy to parliament. All comments will be considered a matter of public record and. Government is poised to ensure that the better ghana agenda is achieved. As it is commonly known, a budget is an instrument of government economic policy and a strategy to deal with a country.
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