Ken Ofori-Atta to present the 2022 budget statement to Parliament on November 15

Minister of Finance, Ken Ofori-Atta

• The Minister of Finance is expected to present the 2022 budget statement on November 15, 2021

• The presentation complies with article 179 of the 1992 Constitution and PFMA 2016 (Law 921)

• The ministry solicits contributions from the public and various organizations before the presentation

Finance and Economic Planning Minister Ken Ofori-Atta is expected to present the 2022 budget statement to parliament on November 15, 2021.

The presentation of the budget complies with Article 179 of the 1992 Constitution and Article 21 of the 2016 Public Financial Management Law (Law 921).

According to a press release issued by the ministry, it is before the presentation that it seeks contributions from various professional associations, professional bodies, faith-based organizations as well as the general public.

The inputs added by the ministry will cover budget preparation from 2022 to 2025 and should reach its offices no later than October 8, 2021.

This approach, the ministry explained, is part of the government’s commitment to deepen citizen engagement and participation in the budget process.

Meanwhile, during the 2021 mid-year budget review, Ken Ofori-Atta revealed that the government will not seek additional funding or additional budget for the next half of fiscal 2021.

According to him, this decision aims to contain the country’s growing debt stock as well as to prevent tax revenue slippage.

During the presentation, Ken Ofori-Atta announced some key job creation programs and projects that the government intends to undertake over the next three to four years.

The ambitious plan, the finance minister said, will create one million jobs for young people over the next three to four years, which will be facilitated by the Ghana Coronavirus Alleviation and Revitalization of Enterprises Support (Ghana CARES) program.

The program is expected to promote and support the growth of small and medium-sized enterprises (SMEs), new businesses and start-ups.

Dorothy H. Lewis