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The government has revised its 2023 appropriation from ¢227.7 billion, as previously presented and approved in November 2022, to ¢206.0 billion. This adjustment is in accordance with Regulations 24 sub-regulation (3) of Public Financial Management Act Regulations 2019 (L.I. 2378). The revision was made due to two primary reasons. First, there were lower domestic interest payments and amortization following the …

Finance Minister, Ken Ofori-Atta, Acknowledges 2022 as His Toughest Year in Managing Ghana’s Finances During the presentation of the 2023 mid-year budget review in Parliament on Monday, July 31, Mr. Ofori-Atta revealed that 2022 proved to be the most challenging period for him as Ghana’s Finance Minister. He attributed this difficulty to the aftermath of the COVID-19 pandemic, which posed significant …

The Minister for Finance, Ken Ofori-Atta has said the government has settled all arrears owed to caterers under the School Feeding Programme for the second and third terms of the 2022 academic year and the first term of 2023. Mr. Ofori-Atta disclosed this while addressing Parliament on behalf of President Akufo-Addo on the mid-year budget review on Monday, July 31, …