John dramani mahama president of the republic of ghana republic of ghana. The presentation revealed that, ghana s fiscal performance showed a significant improvement during the first five months. With a publicly available model, engaged citizens can calculate the impact of different price scenarios on ghanas 2015 budget. The statistic shows ghana s budget balance in relation to gdp between 2014 and 2018, with projections up until 2024. The budget was presented at a time the world economy was recovering from the food, energy and financial crises that had engulfed the globe in 20072008. In that statement, i also outlined steps government had taken and others it. Budget statements 19982018 a budget is a plan for the near future detailing saving and spending expenditures. Budget 2015 contents page summary of 2015 budget measures policy changes a. The budget is a quiet admission by govern ment that decades of economic development in ghana has failed to sufficiently transform and diversify the ghanaian. Insecticidetreated nets following a successful universal mass distribution itn campaign in 2012, starting in late 20, ghanas itn strategy shifted its primary focus to support for maintaining itn ownership through continuous distribution at primary schools, antenatal care anc clinics, and.
The 2019 budget statement and economic policy is under the theme a stronger economy for jobs and prosperity. Daily news from ghana and local accra news stories including crime, health, education and general news by daily graphic. This is also with the assumption that forecast revenues will materialise. Gifmis stands for ghana integrated financial management information system it is an integrated computerized financial management system for. Ghana s score of 51 on the 2015 open budget index is largely the same as its score in 2012. The 2015 budget statement and economic policy of the government of ghana is also available on the internet at. Terkper minister for finance on the authority of h. These policies are contained in the 2015 budget read by the seth terkper, the finance minister at the floor of parliament on wednesday. However, ghana s performance on the international budget partnerships ibp open budget survey obs has not shown much improvement. Pdf exploring the budget deficiteconomic growth nexus. Ministry of gender, children and social protection national gender policy, 2015 10 agendain this policy although a separate social protection policy will be developed specifically to address their issues. Speaker, on thursday, 12th march, 2015, i came to this house to provide information and apprise the people of ghana on the implications of the decline in crude oil prices and its impact on the 2015 budget. Budget statement and economic policy to parliament on behalf of the president as required by the constitution of ghana.
The primary policies outlined in the budget statement. Kpmg 2019 budget highlights kpmg 2019 budget highlights the budget statement and economic policy of the government of ghana for the 2019 financial year was under the theme a stronger economy for jobs and prosperity. I do not take lightly the significance of this moment and opportunity we are granted annually to determine how the precious assets of ghana our people, our land, our natural. Her responsibilities in the world bank also include preparing, supervising, and evaluating lending operations at the country level. The finance minister, mr seth terkper, presented the 2016 budget and economic policy of government to parliament on friday, november. Nov 15, 2017 key highlights of 2018 budget statement and economic policy. In 2008 ghana scored 50 out of a possible 100 on the open budget index obi a comparative measure calculated from a subset. The services sector continues to drive the economy, accounting for approximately 50% of total gdp from 2012 to 2014. Ghana governments 2015 budget statement highlights. Since 2012, the government of ghana has increased the availability of bud. Key highlights of 2018 budget statement and economic policy.
Terkper minister for finance on the authority of his excellency president john dramani mahama. Forecasting ghanas oil revenues for the 2015 budget using a. Insecticidetreated nets following a successful universal mass distribution itn campaign in 2012, starting in late 20, ghana s itn strategy shifted its primary focus to support for maintaining itn ownership through continuous distribution at primary schools, antenatal care anc clinics, and. Education for all goals, the millennium development goals and the ghana poverty reduction strategy. In the budget which has been themed, putting ghana to work again, government intends to curb graduate unemployment by.
The esp serves as the framework by which ghana meets its commitments to achieve the mdgs in education. Ifcs current program in ghana consists of 26 projects, comprising of investments in infrastructure, manufacturing, agribusiness, and services, and financial institutions. Budget documents african development bank building. Next, the most costeffective variants must be selected. Within the context of ghanas constitutional requirements, its development frameworks as. Ghana has vast natural gas reserves, which is used by many foreign multinational companies operating in ghana. In 2016, global growth is expected to strengthen at 3. The 2015 budget statement and economic policy of the government and the. It explains the contents of the budget in a simple and easily understood language.
Poultry production in ghana is currently one of the most underutilized industries. Financial statement ministers speech online pdf download summary of 2011 budget measures policy changes pdf. Education budget execution rates by category, 2015 in gh. Bank of ghana slashes key interest rate to near eightyear low as global pandemic threatens growth march 18, 2020 in an emergency meeting on 18 march, the monetary policy committee mpc of the bank of ghana bog slashed its key policy rate by 150 basis points to 14. Key highlights of the 2018 budget graphic online graphic business. Objectives of budget preparation during budget preparation, tradeoffs and prioritization among programs must be made to ensure that the budget fits government policies and priorities. Ghana budget balance in relation to gdp 2024 statista. Budget 2011 documents published on 7th of december 2010 are available below. Oct 28, 2019 in 2018, the inflation rate in ghana amounted to about 9. A positive value indicates a budget surplus, a negative value indicates a deficit.
This is to ensure that all ghanaians, at all levels have a better understanding of the contents of the budget. The purpose of this paper is to empirically compare the risk factors in publicprivate partnership ppp projects in developing and developed countries, represented by ghana and hong kong. Forecasting oil revenues for the 2015 ghana budget 3. 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.
Oct 28, 2019 the statistic shows ghana s budget balance in relation to gdp between 2014 and 2018, with projections up until 2024. The government of ghana has tried in various ways to show her commitment towards the achievement of universal primary education mdg 2 by ensuring that all children of primary schoolage enrol and complete by 2015. This is the outcome of exercise undertaken by the statistics, research and information directorate srid of the ministry of food and agriculture over the period on major agricultural commodities produced in the country. Agriculture in ghana facts and figures 2015, presents elaborate data on major agricultural and related activities. Official pdf, 155 pages world bank documents world bank group.
Ken oforiatta, presented the 2019 budget statement and economic policy to parliament on thursday 15 november, 2018. Gender parity by 2005 and universal primary completion by 2015. Unlike 2011 when ghana recorded one of the highest gdp growth rates in the world 14. A positive value indicates a budget surplus, a negative value indicates a. In ghana, the minister for finance on behalf of the president is required by law to. Jul, 2017 agriculture in ghana facts and figures 2015, presents elaborate data on major agricultural and related activities.
The budget statement and economic policy ghana news. Presentation at 2015 accountants conference gifmis. Ghana recorded a government budget deficit equal to 3. The finance minister, ken oforiatta, presented the 2017 budget statement to parliament earlier today thursday, march 2. Below are the key highlights of the tax initiative that the government has proposed. Letter of intent, memorandum of economic and financial. Ghana governments 2015 budget statement highlights news.
The question now as reflected in the theme for the 20 budget is how to shore up the confi. Read the 2017 budget statement of ghana full text pdf download 1 min. This page provides ghana government budget actual values, historical data, forecast, chart. Forty percent of the population are 15 years and below, while the elderly population 65 years and above accounts for 4. Ghana citizens budget international budget partnership. 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. The availability of budget documents contains a series of four tables that allow the researcher to examine and map the public availability and dissemination of its countrys key budget documents i. The question now as reflected in the theme for the 20 budget is how to shore up the confidence of the investor community, private sector. Ghana produces crude oil, as of 15 december 2010, and until june 2011, ghana exploited around 120,000 barrels per day and is expected to increase production up to 2. Budget statement and economic policy for the 2015 financial year.
Read the 2017 budget statement of ghana full textpdf. Bank of ghana gross financing to the budget in 2015 will be limited to 5. Nov 18, 2016 ghanas estimated population is 27,341,565 made up of 50. Ghana is ifcs third largest exposure in africa in terms of committed investment volume. However, the government of ghana has been inconsistent in which documents are made publicly available in a given year. The 2015 budget statement and economic policy of the government and the citizens budget are available on the internet at. Ghana governments 2015 budget statement highlights news ghana. The 2018 budget statement and economic policy of the government of ghana is also available on the internet at. Budget statement 2015 empowering our people through sustained economic growth and prosperity 4 madam deputy speaker, it gives me great pleasure to present to this honourable house the fifth budget of the peoples partnership administration under the transformational leadership of our prime minister, the honourable kamla persadbissessar. Ghana economy gdp, inflation, cpi and interest rate.
Sowing the seeds for growth and jobs presented to parliament on. However, ghanas performance on the international budget partnerships ibp open budget survey obs has not shown much improvement. Ey global tax alert library access both online and pdf versions of all ey global tax alerts. Vish ashiagbor country senior partner pwc ghana 2017 budget highlights commentary governments. The fishing subsector continued to contract, recording a gdp growth rate of 6. On 19 november 2014, the 2015 budget statement and economic policy of the government of ghana was presented to the ghanaian parliament. Accordingly, the budget is centered on accelerating. Ghana government budget 20042018 data 20192020 forecast. The flatrate scheme compensates unregistered farmers for vat incurred on their farming inputs. Poultry farming does not need much technical expertise in order to accomplish yet in spite of that, the countrys poultry industry has been on a steady decline over the past decade. On wednesday, november 19, 2014, the government of ghana presented to parliament the. Public relations office new building ground floor room 002 or 004 p.