Business

2021 Budget to be presented on March 12

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Trade and Industry Minister Designate Alan Kyeremanteng is now expected to present the 2021 Budget.

This is what Joy Business has picked up from government sources.

It follows the inability of Finance Minister Designate, Ken Ofori Atta to return to Ghana on time, from his medical leave.

Even if Mr. Ofori-Atta had arrived in Ghana, it may have been difficult for him to clear the necessary appointment committee hurdles to present the budget statement.

Joy Business had earlier on learnt that President Akufo Addo was considering the Vice President Dr. Mahamadu Bawumia or Trade Minister Designate, Alan Kyeremanteng for the presentation.

But it now appears that the President have settled on Mr. Kyeremanteng to present the budget statement, next Friday 12 March, 2021.

Finance Minister presented 2021 Expenditure in Advance Appropriation in October 2020

In October last year, Mr. Ofori Atta presented the 2021 Expenditure in Advance Appropriation.

This was due to the December 2020 presidential and parliamentary elections. 

Government expenditure for first quarter of 2021 was estimated at GHȻ27.34 billion, with total revenues and grants expected at GHȻ13.3 billion, whilst total expenditure and arrears clearance at GHȻ24.01 billion.

This was expected to leave a fiscal gap of GHȻ10.7 billion.

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