Finance Minister Ken Ofori-Atta has presented the 2022 mid-year budget review to Parliament in accordance with the Public Financial Management Act, 2016 (Act 921).
The minister, among other things, touched on the IMF bailout.
No additional funds
Ken Ofori-Atta told Parliament that they are “committed to staying within the appropriation for 2022" and so government is not seeking additional funds.
“In spite of the underperforming revenue handles, we are not seeking additional funds in the mid-year review. We are determined to efficiently use the windfall from the petroleum sector to make up for revenue shortfalls and aggressively improve our revenues,” he stated.
He added that, “Ours is a proud history of finding solutions to our country’s issues. We have done it before and we will do it again, and with the help of this House and the support of the good people of Ghana, we shall come out of this stronger. As we claim the Lord’s promise in Joel 2 to send his people corn, wine and oil to satisfy us and eliminate reproach."
“In this journey, we must eschew pessimism that takes invaluable energy away from our forward march to transformation. As one people, we must speak the same language of patriotism to guarantee our own collective success - for a united country will have no restraint but victor,” he added.
Read the full speech below
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