As part of the Government’s supplementary estimate for the 2021 financial year, on Thursday, July 29, the Finance Minister, Ken Ofori-Atta is expected to move for the adoption of the Mid-Year Budget Statement and Economic Policy of Government.
Mid-Year Budget review – What can Ghanaians expect?
As part of the Eid-ul-Adha celebrations in the past days, President Akufo-Addo announced that the Minister of Finance will state the projects and programmes that the Government plans to undertake in creating one (1) million jobs.
The jobs according to Akuffo Addo will come under the Ghana COVID-19 Alleviation and Revitalization of Enterprises Support (Ghana CARES) programme and will be executed over three years.
“As has been well-publicized, a few days ago, the Ministry of Finance granted financial clearance to the Ministry of Education and the security services for the recruitment of some 11,800 people to beef up their operations. It does not end there. We will through interventions to be set out in the mid-year budget review announce plans for the creation of someone(1) million more jobs under the Ghana CARES ‘Obaatanpa’ project over the course of the next 3 years, Akufo Addo said.
“We are determined to pursue our agenda for jobs creation in order to give opportunities for our youth to nurture their talents for the development of our country,” he further added.
Other Expectations
The Finance Minister is also expected to highlight the following;
- Answer the question of how much it cost the Ghanaian taxpayer to fly the President to France, Belgium, and South Africa in May this year for his official travels.
- To announce how the government plans to finance the debt stock as it hits GH¢332 billion.
- To answer the question of whether the Free Senior High School policy was being financed with a loan.
- To announce economic growth plans for the nation
- Provide an update on the current presence of the new COVID strain and the procurement of vaccines.
