2016 budget ghana pdf

Full 2020 budget statement and economic policy the ghana. Budgeting plays a significant role in the performance of businesses. The 2016 budget statement and economic policy of the government of ghana is also available on the internet at. Provisional data released by the ghana statistical service in april, 2017 show that real gdp growth for 2016 was 3. Read the 2017 budget statement of ghana full textpdf. Ken oforiatta, ghanas finance minister is expected to present the 2019 budget to ghanas parliament on thursday, november 15, 2018, in. It consists of a list of all planned expenses and revenues. The statistic shows ghanas budget balance in relation to gdp between 2014 and 2018, with projections up until 2024. Ghana 2017 budget commentary and tax highlights 4 economy and sector al outlook for 2017 2016 economic performance t ax policy pr. This page provides ghana government budget actual values. Following is the full text of 2020 budget statement and economic policy, under the theme, consolidating the gains for growth, jobs and prosperity for. Government has indicated its commitment to fiscal prudence by. With 2016 being an election year, mdas and mmdas that play a direct role should adequately budget for election related expenditures.

Budget 2016 leaflet buisead 2016 bileog summary of budget 2016 taxation measures policy changes achoimre ar bhearta bhuisead 2016 athruithe beartais taxation annex to the summary of 2016 budget measures economic and fiscal outlook 2016. A citizens budget is a shortened and simplified version of the budget to parliament. The economy of ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals. Sowing the seeds for growth and jobs 40 provisional outturn in 2016. In view of the fact that most firms want to improve performance, various systems and structures are put in place to ensure that a firm grows profitably. What to watch when ghanas finance minister presents budget. The budget statement and economic policy of the government of ghana for the theme. Cote divoire also ratified its iepa in august 2016. Ghana shared growth and development agenda gsgda ii, 20142017 the broad framework for the preparation of the 2016 2018 budget is the ghana shared. On the authority of his excellency nana addo dankwa akufoaddo, president of the republic of ghana.

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 ghanas future on the authority of his excellency nana addo dankwa akufoaddo. Ghana government budget 20042018 data 20192020 forecast. Nov, 2015 a new pfm bill is being drafted to be passed into law in 2016 to provide a stronger regime for budget planning and formulation, execution and monitoring. Government of ghana budget statements various issues. Terkper minister for finance on the authority of his excellency president john dramani mahama. On the authority of the president, and in accordance with article 179 of the 1992 constitution, permit me to present to this august house, the maiden budget of the president of the republic of ghana. This page provides ghana government budget actual values, historical data, forecast, chart. The budget statement and economic policy ghana news. However, ghanas performance on the international budget partnerships ibp open budget survey obs has not shown much improvement. Total nonpetroleum revenue and grants is estimated at gh.

Consolidating progress towards a brighter medium term 47 177. Ghana shared growth and development agenda gsgda ii, 20142017 the broad framework for the preparation of the 20162018 budget is the ghana shared. John dramani mahama president of the republic of ghana republic of ghana. Ghana highlights of the 2016 budget ghana highlights of the 2016 budget the theme of the 2016 budget, consolidating progress towards a brighter medium term, captures the determination of the ruling government to implement a transformational agenda which will not only consolidate ghanas middle income country mic status but also secure bright medium term prospects for the economy. The 2019 budget statement and economic policy is under the theme a stronger.

In 2016 i travelled to goma and eastern democratic. Ghana budget balance in relation to gdp 2024 statista. In 2016 we concluded studies on the most effective. Agriculture sector growth rates 2015 target outturn. However, it is difficult to link gender budgeting directly to these changes, given the complex environment for fiscal decisionmaking in these and other countries. Antimalarial drug resistance could also jeopardize recent gains. Presented to parliament on thursday, 15th november 2018 by ken oforiatta minister for finance. The budget statement and economic policy 2019 financial year of the government of ghana for the presented to parliament on thursday, 15th november 2018 by ken oforiatta minister for finance on the authority of his excellency nana addo dankwa akufoaddo, president of the republic of ghana theme.

Highlights of 2016 budget statements and fiscal policy of the government as presented by mr seth terkper, minister of finance and economic planning on friday. Ghana 2019 budget commentary economy and sectoral outlook for 2019 09 education successful implementation of the free shs programme will be heavily dependent on availability of infrastructure. 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. The budget highlights ghana news top local news in ghana. But this achievement comes as our industry is at a crossroads. Ministry of finance, economic planning and development guidelines for the 201617 national budget 9 costed based on parameters used in formulating the national budget, the alignment of mgds to the national budget is not simply a mere coincidence, rather a necessary vehicle through which annual mgds targets and goals are met. The film takes place in the year 2010 and follows ghanaians who must survive a group of hostile aliens who invade accra in the hopes of colonizing the world by the year 2016. Introduction on november 5, this year, the institute for fiscal studies ifs and natural resource governance institute nrgi organized a budget forum to discuss the economic challenges and risks confronting the country. In 2008 ghana scored 50 out of a possible 100 on the open budget index obi a comparative measure calculated from a subset. The double tracksystem will most likely only address the challenges of infrastructure in the shortterm. The full budget statement for the 2019 financial year. This presentation is an abridged version of the 2017. The 2018 budget statement and economic policy of the government of ghana is also available on the internet at. I visited communities where food, water, sanitation.

On fiscal policy the minister said it created additional fiscal space for sustainable budget expenditures and enhance efficiency in tax administration, compliance and increase tax revenue. Ghana business news the first place for your business news. Key highlight of the 2018 budget statement and economic policy. The primary policies outlined in the budget statement. Oct 28, 2019 the statistic shows ghana s budget balance in relation to gdp between 2014 and 2018, with projections up until 2024. Ghana issues 2018 budget statement and economic policy.

Nov, 2015 ghana recorded a government budget deficit of 3582. The minister of finance, ken oforiatta on wednesday, november 15, 2017, presented the akufoaddo governments 2018 budget statement and economic policy to parliament. In ghana, the minister for finance on behalf of the president is required by law to prepare and submit to parliament a budget annually. Terkper, minister of finance on the authority of h. The budget also covers a period of one year from 1st january to 31st december, referred to as the financial year. This publication was prepared with data from the main energy sector institutions, including the ministry of energy, volta river authority vra, ghana grid. 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. Pwc 2016 budget highlights 2 a nchored on the countrys home grown policies and consolidated by the three year international monetary fund imf extended credit facility ecf programme 20152017, the minister for finance, mr. These have given ghana one of the highest gdp per capita in west africa. May to october 2014 penplusbytes in partnership with financial accountability and transparency africa fatafrica with support from star ghana the government budget is a programbased budget crafted along various programs to be executed by the various ministries, departments and agencies. Nov 15, 2015 ghana budget 2016 budget statement and economic policy 2016 1.

Please find below a list of comprehensive budget statements spanning 1998 through to 2018. While ghana passed legislation last year that caps the budget deficit at 5% of gross domestic product, the country has a track record of missing fiscal targets in election years. According to the minister, the government is seeking to ignite the entrepreneurial spirit in ghanaians and. To put things in their proper perspective, we need to. We found that, in the countries where gender budgeting seems to be most effective, ministries of finance are taking the lead. Ghanas development efforts over the period 2012 2016. World malaria report 2016 world malaria report 2016 v africa, millions of people still lack access to the tools they need to prevent and treat the disease. The survey data shows that budget development is almost as likely to belong to someone outside of learning as it is to reside with a clo or equivalent. The 2017 national energy statistics provides a time series data on ghanas energy supply and use situation largely from 2007 to 2016. The budget highlighted results from the governments policy programmes over the past months, and announced the governments planned developmental programs for the next.

We reached a milestone, our 150th anniversary, a celebration of a century and a half of passion for nutrition and for quality. I also submit before this august house, the 2019 annual report on the petroleum. The budget highlights years on gh mobilising for ghanas future on the authority of his excellency nana addo dankwa akufoaddo president of the republic of ghana budget statement and economic. Review of the 2016 budget press release by the institute for fiscal studies november 24, 2015 1. John dramani mahama, president of the republic of ghana. Agreement iepa in august 2016 to enable ghanaian exporters to continue to enjoy dutyfree quotafree dfqf eu market access and protect the future of ghanas exports to the eu market. On the authority of the president, his excellency john dramani mahama, the minister of finance in this budget speech indicated that the. In many countries, progress is threatened by the rapid development and spread of mosquito resistance to insecticides.

The theme of the budget is from stabilisation to growth, putting ghana back to work. Terkper minister for finance on the authority of h. Ken oforiatta, presented the 2019 budget statement and economic policy to parliament on thursday 15 november, 2018. The budget statement and economic policy of the government of. The budget statement and economic policy of the government of ghana for the 2016 financial year was presented to parliament on friday, th november, 2015 by hon. Ministry of finance 2015 citizens budget an abridged and simplified version of the 2015 budget statement and economic policy. Ghanas participation in the g20 compact with africa cwa indicates its strong appetite for reforms, seeing as its reform commitments were already reform actions under its international monetary fund imf extended credit facility programme. Finance minister, seth terkper, has presented the 2016 budget statement to parliament, where he revealed plans to tighten government expenditure going into an election year during which previous governments have overspent their budgets according to mr terkper, the president has assured of sustaining fiscal discipline despite 2016 being an election year. Budget statements 19982018 a budget is a plan for the near future detailing saving and spending expenditures.

The full budget statement and economic policy of the government of ghana for the 2019 financial year. This publication was prepared with data from the main energy sector institutions, including the ministry of energy, volta river authority vra, ghana grid company. Ghana recorded a government budget deficit equal to 3. This included w orking with the uk government to develop feedback mechanisms for the programmes they fund feedbackmechanisms. I also submit before this august house, the 2018 annual report on the petroleum funds, in accordance with section 48. During the drafting of the 2015 budget, ghana had approached the international monetary fund imf for a. The movie has become known for its bizarre trailer and its lowbudget visual effects. Budget 2015 contents page summary of 2015 budget measures policy changes a.